Should the US make Direct Loans like the VA instead of FHA Loans to strengthen the real estate market?
Sort of how the US issues loans directly to veterans for homes and students for college in order to take out the middleman (for-profit banks) and lower interest rates.
Public Comments
- Yes they should but that would be against the one world banking rules . They need their cut .
- how about getting the state out of the market?
- Yes
- The government needs to get entirely out of the lending business. It also needs to stop meddling with lending.
- No. The US government should get out of private enterprise. Government interference is what screwed things up. I had a VA loan once. The money came from a private bank. The VA just guaranteed the loan. There is noting sacred (or even great) about owning a home. It is a big expense no matter how you figure it. My home is paid for. I have about $150,000 tied up and earning no interest. I have to pay real estate taxes that are as costly as renting an apartment. Then there is maintenance.
- The govt shouldn't be in the loan biz, period.
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