![]() His team's rationale makes no mention of concern of a bubble in the decision. That rate reduction has nothing to do with the creation of a bubble, btw. So, yes, it is more expensive to buy a home. ![]() It's what my wife and I had to do to come up with our down payment for a house in a market with MUCH more difficult lending practices at the time. GET CREATIVE, SAVE MORE, AND WORK HARDER. ![]() If people need an incentive to bring another $500 a year to the table, here's an idea. We don't need another housing bubble artificially propped up by easy-to-obtain loans, way too relaxed credit requirements, and unqualified buyers buying more than they can afford, while at the same time reducing the funds meant to cover the cost of mortgage loans going bad. If $500 over the yearly cost of a mortgage is a "make it or break it" consideration for a home buyer, especially in this day and age of super low interest rates and and not even having to come up with much of a down payment, than I question their ability to pay the mortgage on such a home in the first place. ![]() The housing market fluctuates more than that in single day. HUD suspended a last minute decision of the Obama administration to cut 1/4 of 1% of the cost on mortgage insurance, which equates to $500/year on a $200,000 home. This has nothing to do with the price or affordability of a home. The president does not dictate if a home is "expensive" or not. While I am not a Trump supporter, I must point out that this is simply not true. It's already more expensive to buy a home thanks to trump. No problem with a protest but dont start before it even begins
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