That's an odd title for a blog piece, but it is probably where an increasing number of Americans will end up if Obama finishes off the housing market as planned. New mortgage qualification rules are being rolled out that would arbitrarily eliminate 60% of Americans from home ownership. You have to hand it to the Feds - when they screw up they don't mess around! First they created a housing bubble when they decreed that pretty much everybody should get a home loan. (Ed. note - thanks Barney Frank and Sen. Chris Dodd!) Now they are going to the opposite extreme and nobody will get a home loan. Our kids who don't own a home already can probably kiss off the chance to do so if these rules go into effect. The rest of us who already own homes can plan to stay put because there will be no one to buy them. Federal housing policy would be my Exhibit 1 against the command control economy so beloved by Democrats.
townhall.com/columnists/lindachavez/2011/06/10/killing_the_housing_market
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