Michael Hiltzik: Homeownership remains a goal that should be encouraged

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  • george of the jungle goshen, UT
    Aug. 31, 2013 1:01 a.m.

    Having a fixed payment year after year has some security in knowing that rent isn't going up year after year. Knowing that there is an end in sight the incentive and gratification of owning a home out weighs not. sure you will replace all the appliances before it's payed for and you'll have to put a new roof on. you even have to mow the lawn and pull some weeds, spray for bugs. But ya can listen to your music doing it, not the apartment next door.

  • Say No to BO Mapleton, UT
    Aug. 29, 2013 1:50 p.m.

    I'm shocked that the DN would print something this biased.
    HUD enforces any discrimination in housing laws, and they don't just go after banks. Conventional loans died as a result of come-on rates from Fannie and Freddie.
    The taxpayer was bearing the risk and Countrywide simply did the deals and bundled the bad loans.
    Regardless of the institution it is obvious that they were writing bad loans for people who had no business taking out those loans.
    The refi scam (which is back again, by the way) allowed people to take out cash for whatever they wanted (cars, vacations, theater rooms, hot tubs...) over and over again.
    The author conveniently ignores all the facts.