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ron ledbury

I just wish someone would see the link between easy money Federal Reserve policies for housing and the impact it has on the demand for huge oversized homes.

Suppose we set a limit on FHA loans and the like at a home price that matched the median income household and was pegged to repayment in ten years. The limit would be closer to 120 thousand dollars. What would happen to the demand for McMansions?

I look at easy money as a cancer, which is a factor in the M37 debate too.

Sid

Ron-

Here here! I agree with you 100%. And these interest only loans could nearly qualify as criminal as far as I'm concerned. We're playing a game of musical chairs right now and the music's gonna stop and there will be a lot of interest only loan home owners who will be left without a chair.

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