To: SeekAndFind
Federal, state and local codes, land use, taxes, subsidies double the price of basic, utilitarian housing.
4 posted on
07/14/2010 11:48:52 AM PDT by
Leisler
("Over time they create a legal system that plunders and a moral code that glorifies it." F. Bastiat)
To: Leisler
I agree and disagree.
I think every American should aspire to own a bit of the pie.
The philosophy isn’t the problem.
Although you did identify the problem here:
Fannie and Freddie got into trouble because they lowered their credit standards, with government’s blessing, and tried to convert too many renters into homeowners.
It was those who were lazy and greedy that created the bubble. The looters did this to the country.
The aspiration wasn’t the problem.
48 posted on
07/14/2010 3:23:38 PM PDT by
EBH
(Our First Right...."it is the Right of the People to alter or to abolish it,")
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