Winning loto ticket, no. However, ones home, something you bought and paid for, most people over 15-30 years, the core of ones adult life, is supposed to be your future security, the piece of the American pie that you own.
Whatever someone does or does not do, being able to live your life as you see fit and buy and pay for and own that piece of property is the ultimate symbol of being free of having accomplished a fundamental thing and having taken care of your personal business, having been a good and successful citizen over time.
It is incumbent on government to protect and preserve this most American of
ideas as the cornerstone promotion of the general welfare.
It is a crime of local, state and federal government when this is not a core value, a principle.
The home owners American dream.....
Agree 100%. Just trying to point out that people who are counting on values doubling every 4-5 years have short memories. It's simply not normal.
That's right. In any event, it should be a government responsibility to protect property values.
So how exactly should "government" go about protecting property values?
Zoning laws is #1 and the local and state responsibility.
Lending regulations would be #2 and a federal issue.
Monetary policy would be #3. Feds.
And where does capitalism fit into that equation?
Capitalize on the existing, fair and reasonable rules.
I guess what I'm saying is, I don't disagree with your three rules presented, but I don't think it's right to summarize their goal as strictly/mainly to protect property values.
Capitalize on the existing, fair and reasonable rules.
I'll tell you one thing I would change that would make it real easy to spot the crooks in the future: I would make it a requirement that each deed and loan contract on the Maryland online land records had the name of the appraiser, the amount of the appraisal, the name of all real estate agents involved, and the company and name of the mortgage brokers involved.
If you had that kind of data to look at the crooks would be dead in the water.
I would NOT object ot that.
Ah yes...the dreamThe home owners American dream.....
That's right. In any event, it should be a government responsibility to protect property values.
Whoa Comrade - that's where I have a huge problem.
What about people that cant sell their current home..And have to move. Is it stupid to RENT then?
It's not stupid to do anything appropriate to your circumstances. There are just a few people here that cannot accept that others have made good financial decisions that do not reflect their own experience :shrug: