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Message
Posted on 5/20/24 at 10:44 am to 1BIGTigerFan
quote:
How do they do this?
Lower rates is the easiest answer
But they have also introduced mortgage programs that reek of the old subprime era. Those programs artificially inflate prices.
Also, the amount of Government-backed programs to keep someone out of foreclosure is absurd. Look into what they recently changed for VA loans. It is almost impossible to lose your home if you have a VA loan now. This disrupts the natural cycle of the market since foreclosures have been a natural function of the RE market for decades. Now, they are almost non-existent.
This post was edited on 5/20/24 at 10:46 am
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