Anna Banana Kruchten glad you found it to be helpful. And always nice when common sense works!
Wayne and Jean Marie Zuhl agreed! There is no reason to not make condo homeownership more realistic for more people. So many of the major population centers in the U.S. are growing more congested. Condos can definitely provide a lot of housing for the amount of ground space they occupy.
Ron and Alexandra Seigel this legislation at least doesn't really incentivize unsafe lending as much as it gets the government out of the way of the market a bit.
And I am less concerned by those types of loans you mentioned than I was last time around because there has been far less subprime lending simultaneously occurring. Basically, some risk is more acceptable when there is not endemic risk.
Kathleen Daniels would you mind briefly expounding upon the HOA management comment? Or writing a blog post? I'm not very familiar with this concern and would love to know more!
Debbie Reynolds this took an absurd amount of time for a very bipartisan bill that was not even debated.
Patricia Kennedy I'm happy that I can provide some useful info! I agree, definitely happy about the changes. The FHA one seems like common sense to me, if a government process that affects a very large number of taxpayers can be described as "burdensome", it should be addressed. I don't know a ton about the USDA lending, but it seems to be a more efficient process now as well, which sounds great to me. I'll have to look into it more.
Roy Kelley thank you, I thought this legislation was important enough to warrant update! Same to you, I'm sure you will be very productive.
Bob Betel appears so. Hopefully this will spur some more development. But only time will tell.