Posted by
Playful Walrus on Friday, March 14, 2008 2:30:56 PM
I have a bad feeling about this.
We know the Dems want mortgage "reform" to prevent people from losing homes they really cann't afford, and to keep property taxes up. But we also know they won't stand for the "poor" (particularly minorities) from being turned down from financing a house.
That means they are either going to use more tax money to get and keep houses for these people, or they are going to force the lenders to subsidize them.
Either way, it will mean higher costs for the rest of us, and make it harder for the self-sufficient folks from affording a house without calling on Big Government.