dagblog - Comments for "Obama and Housing – Is Anybody Home?"

Recommended. Thank you for

AmericanDreamer — Mon, 14 Feb 2011 18:13:59 +0000

In reply to Obama and Housing – Is Anybody Home?

Recommended. Thank you for pulling this information together and writing it up.

The immediate effect of the

Resistance — Mon, 14 Feb 2011 14:39:31 +0000

In reply to Obama and Housing – Is Anybody Home?

The immediate effect of the implementation of any of those scenarios must be a significant increase in the costs of house purchase. It must therefore bring with it the further exclusion of the American poor, and of people of color, from the possibility of house ownership.

Not if the government the taxpayers are forced to subsidize the poor....... I suspect Obama and the pro immigrant groups will make America learn to love the poor and the newly amnestied immigrants. They will be hailed as the savior of housing purchases. Funny how money and favors can turn people around. Immediatly millions of homebuyers renters with government assitance, We need more homeowners renters, we need more Immigrant homeowners renters . We got to eat up the inventory you know.

The bankers don't want empty houses, they want investors who in turn need renters.

They don't need homeowners, they just need someone to pay off the note.

Government money will buy the needed votes, the homeownership class (the bankers with a glut of homes) will sing the praises of government intervention,

[23] Perhaps someone in the Administration should face up to the reality that such policy may win immediate Republican plaudits….. …….. foreclosure on the White House itself. People are losing their homes and jobs daily. Unless they stop doing so, President Obama is likely to lose his home and his job too.

Two more years of Obama, is an eternity, With friends like that…………. who needs em*.

(*Putting a civil face on dispair)

Republican ( R ) or Republican-lite ( r/d ) One can only hope Republicans find a moderate R, Sending Obama packing.

Mr. President, Don’t let the door hit you on the way out

Egypt had it right ........Move Barack, time for you to vacate

How is losing our homes, not oppressive?

Life, liberty and the pursuit of the American dream (home ownership) taken away and given to the banker class.

only reason to adopt such a

jollyroger — Mon, 14 Feb 2011 04:05:56 +0000

In reply to Here's something related to

only reason to adopt such a system is to transfer even more money to the Banks at public expense.

But this is a feature, not a bug!

Here's something related to

miguelitoh2o — Mon, 14 Feb 2011 03:49:49 +0000

In reply to Obama and Housing – Is Anybody Home?

Here's something related to the kind of "hybrid" system the beltway insiders are apparently leaning toward to replace the Freddie/Fannie paradigm with from Dean Baker. His conclusion:

"So, what have we learned about the relative merits of the private system and the hybrid model? Well the hybrid model will mean slightly lower monthly mortgage payments, but this benefit is likely to be offset by higher property taxes. The higher house prices in the hybrid model will mean that it will be more difficult for first-time buyers to come up with a downpayment. And, the wealth effect associated with the higher house prices in the hybrid model will mean lower savings and less growth.

We could also point out that financial intermediaries (e.g. Goldman Sachs and J.P. Morgan) would stand to make more money on housing in a hybrid model, but there is no reason to get into such details."

Bold emphasis my own. The conclusion assuming Baker is correct is that the only reason to adopt such a system is to transfer even more money to the Banks at public expense.