Do you think it's time the government stopped trying to subsidize the housing market?
Between the tax breaks and the various government agencies there is a significant cost to taxpayers.
I wouldn't have a problem with it if the benefits ever trickled down to the home-owners. When the government began bailouts to banks and financial agencies who were holding foreclosed assets, it should have been more along the lines of a buy-out of those assets. Supposedly, the financial crisis was caused largely by the lack of mortgage payment by people who couldn't afford to pay them. the government stepped in to bridge that gap. but wait... The bank still wants it's money from the home-owners. The bank is still foreclosing on property that has, in effect, been paid off. That's what I have a problem with.
As a homeowner, I would say no. Homeownership strengthens communities. For many people, a home is their most valuable asset. A strong homebuilding sector also propels the economy. The fact is that labor used to build homes cannot be outsourced or shipped overseas. These are Americans building homes for Americans.
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