Problems with the $750,000,000,000 bailout
FreedomWorks
by John M. Virginia
10/20/08
The main problem is the cost of homes are too high and too much of a percentage of a family’s income. The prices of homes must come down. Has anyone questioned that these bad home loans out there are partially due to the cost of the home? I work with a homebuilder in Northern Virginia. The land costs are what are driving the cost of homes up so much. This homebuilder was paying $450,000 for each lot that they were building townhouses in Ashburn, Virginia. This lot price drives the finished cost of a 3 bedroom townhouse to $600,000 or more...
http://tinyurl.com/6ozzsn
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=bailout
by John M. Virginia
10/20/08
The main problem is the cost of homes are too high and too much of a percentage of a family’s income. The prices of homes must come down. Has anyone questioned that these bad home loans out there are partially due to the cost of the home? I work with a homebuilder in Northern Virginia. The land costs are what are driving the cost of homes up so much. This homebuilder was paying $450,000 for each lot that they were building townhouses in Ashburn, Virginia. This lot price drives the finished cost of a 3 bedroom townhouse to $600,000 or more...
http://tinyurl.com/6ozzsn
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=bailout
rudkla - 21. Okt, 11:31
