Quote:
Originally Posted by fishpoopoo
absurdly low interest rates sparked mortgage originations and speculation in housing.
lots of crazy loans were made to people who weren't going to pay them back.
that's not market forces. that's manipulation.
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Yup, simple solution-- 20% down, and good credit rating.
FHA still only requiring 3-4% down.
When people have to work and save a 20% down payment they have a tendency
to take care of their property and think twice before foreclosure as they have
their sweat and tears in their house/investment.