Pushing Homeownership – But Is It Right?
I loved this article about how Fannie Mae is doing just that. We do have an “obsession with the ownership society.” If you read my Blog or know me at all you have heard me mention time and time again that not everyone needs to own a home nor should they.
The article is referencing Fannie Mae’s new guidelines on “preforeclosure events” that I just wrote about and allowing borrowers who have had one be able to purchase a home earlier with more money down.
“Whether one agrees with that premise or not, I do think it’s time to take another look at home ownership. Yes, it’s part of the American dream, but is it the responsibility of the American government to make it happen?”