Quote:
Originally Posted by MediaArtist
... The real question is, why is the gov't even backing 3.5% down, $729,000 mortgages? Is it to get families into homes, or something else entirely?...
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The answer is in bold. Now, we may argue whether homeowners behavior nowadays is different than before and people aren't strongly attached to their homes anymore (and consequently aren't that eager to take care of it and surroundings, contribute to the community, take less appealing jobs, etc. etc.), but the intent is simple: more homeowners.