Monday, February 11, 2008
More Band-Aids Please
This article discusses alot some of the band-aids that the government is trying to put on the problem. I just can't see how upping the Jumbo mortgages from $417,000 to $729,250 is going to play in Peoria. These fixes are obviously for the two coasts and Florida. While in NJ that is an affordable home - above starters in most towns it is not that significant. It is definitely not the even close to the best houses or the best areas.