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Originally Posted by Danzig
what i keep wondering, is what interest does the govt have in ramming home ownership down peoples' throats? they turned it from being a dream to being a necessity. if everyone thinks back to what got our current financial mess started, it was housing and the huge loan mess.
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I'm not sure it's the govt who rammed this dream down anyone's throats. Any basic financial book you read, any article directed at 20 somethings out of college just starting out...home ownership is at the core of basically every financial planner's outline for developing a solid financial base. What would have happened if the Govt tried to step in and regulate and restrict mortgages 5 years ago? The screams from the right about Socialism and limited Govt would be as loud as they are today. Everyone wants regulation until it is them being told they can't get a mortgage.
Now if you want to include the IRS allowing interest deductions on mortgages vs limited financial allowances for renters..then yes, that could be construed as the Govt favoring Home Owners.