Government Intervention In Housing: Pros and Cons

Ask the average person what they think of the government intervening in the mortgage market on behalf of consumers (and in many cases lenders, too), and you could receive a wide ranging number of answers. Many people are upset at the seemingly rampant spending of taxpayer dollars, and voice concerns (a valid one) about the future value and stability of our currency. On the other side there are those that are happy to see the little guy get some assistance during hard economic times. Recent programs have gone a long way in providing assistance to new and existing homeowners alike, but the real question is, ultimately, what will the cost of such help be, and who will take on the burden of paying those costs? One advantage for homeowners is that rates are incredibly low, and so they?re scramb