Realtor lobbyist group NAR whines about losing government subsidies - W.C. Varones

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2.11.2011

Realtor lobbyist group NAR whines about losing government subsidies

... because hasn't a government-subsidized mortgage market been such a great thing for America?

Read all about it at Housing Doom, who offers this rebuttal:
The irony is that without some sort of GSE reform, we will be a nation of renters. What is an underwater homeowner but a renter? How can you be a home “owner” if you have no equity? And who is either issuing or guaranteeing virtually all of the mortgages these days? That’s right, the GSEs. Let’s reform them and let folks own their own homes again.

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