2 May 2023 1:32 pm
better question is: what must be changed. #1: congress stop screwing the people. congress allows the feds to control, what should be your money. the feds loan to financial institutions, who mark up the interest to qualified home buyers. congress needs to get their nose out of the feds ***, and create a program for the people. LIKE. at 27, all people would get a line of credit from the usa government. amount $200,000.00 interest 2%, term 30 years. funds could only be used to buy a single family home. when sold. funds returned to government. when the person dies, first call on assets is the government home loan. /// by capping the loan at $200,000.00 this would reduce the cost of affordable housing. you have countless ideas of how to change the government. problem: no one in congress smart enough to understand.