Tuesday, April 17, 2007

I can remember being told that homeownership was a good thing

Minnesota has been known as one of the easiest places in the universe to purchase a home. This is about to change. After getting past the last legislative stop, the new laws will go into effect in August assuming approval from our Governor. How will individuals who are the most difficult to qualify buy homes? Simple, they won’t be able to. However, they can still rent forever. And ever. And ever.* The lenders who have taken the biggest risk the last few years have paid the ultimate price by folding. This has brought us to an enormous market correction. Isn’t this enough?

*completly sucks

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