Article

2010-02-20 Economy

Obama to Announce $1.5 Billion ~~boodle~~ in TARP funds for HFAs

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Posted by Fred 2010-02-20 00:00|| || Front Page|| [1 views ] Top

#1 HFAs are the wrong way to go.
Market value of the housing is hire then the population's ability to pay.
Therefore, if you didn't subsidize... housing values would fall towards the people's price-point.

Basic capitalism 101.

duh

Posted by 3dc 2010-02-20 03:14|| 2010-02-20 03:14|| Front Page Top

#2 Ghost author of Louisiana Purchase and Nebraska Compromise revealed?

Posted by Besoeker 2010-02-20 03:32|| 2010-02-20 03:32|| Front Page Top

#3 Basic capitalism 101

That is an elective at Harvard. He was too busy reinforcing his Socialist Collective 101.

Posted by Procopius2k 2010-02-20 08:43|| 2010-02-20 08:43|| Front Page Top

#4 Higher house affordability IS a public good.

Subsidising bubbles is a complete economic disaster.

You could power the world if you could harvest David Ricardo's grave spinning.

Posted by Bright Pebbles 2010-02-20 08:56|| 2010-02-20 08:56|| Front Page Top

#5 Duh is right. Government subsidies of housing via Fannie Mae, Freddie Mac and the CRA led directly to the current economic crisis. Government leaders should have seen it coming, probably did see it coming, would have had to be blind not to see it coming. It's as if they wanted it to come. Housing inflation is still out of control and now Obummer is attempting to perpetuate it with taxpayers' (read my money and your money) money. It is theft, plain and simple. That, of course, leads to inflation across the board. Letting it drop would be the best thing he could do. Then we could all find out what a house or a car or a day's work in this country is really worth. Maybe then we could complete with the Chinese. Sorry about those of you who bought at the top of the market but at some point every boom must bust.

Posted by Abu Uluque 2010-02-20 12:51|| 2010-02-20 12:51|| Front Page Top

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