Posted on 09/13/2011 7:35:29 AM PDT by Notary Sojac
However we have not had a free economy in this area for about 15 years.
And it is getting even less free as the government piles more and more restrictions on who you can lend to and under what conditions.
You have a down payment, good credit and a stable job. You want to get in on the ground floor of a new condo, sorry, the bank can not loan you money. There has to be a certain number of condos under contract before they can loan you the money.
However you can get that loan with no down payment, bad credit and a unstable work history if you get the loan from the Federal Government.
The federal government is trying to force banks out of the loan business so they can take it over. Does this sound like a "free economy" to you?
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