May 4, 2009
-- by Dave Johnson
I came across this at the Wall Street Journal, of all places: The Next Housing Bust
The bill that passed last summer more than doubled the maximum loan amount that FHA can insure -- to $719,000 from $362,500 in high-priced markets. Congress evidently believes that a moderate-income buyer can afford a $700,000 house.
Posted by Dave Johnson at May 4, 2009 11:31 AM
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