July 14, 2024

home ownershipSo, with the worst housing crises in memory, do you think the government got the message?  Below is a news item from June 2010 that answers this question:

Democrats Vote Down 5 Percent Rule … In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn) proposed that borrowers be required to make a 5% down payment in order to qualify. His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained, “passage of such a requirement would restrict home ownership to only those who can afford it.”

San Diego defense attorney

2 thoughts on “Restrict Home Ownership to Only Those who can Afford it

  1. There is nothing more illustrative and instructive than a liberal in their own works (when they are not mouthing the words on a teleprompter written by a handler)

    Thanks for the post. Loved it!

Comments are closed.