http://minnesotaindependent.com/35349/first-time-home-buyer-program-ripe-for-abuse News. Politics. Media. Sun, 22 Nov 2009 04:43:11 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://minnesotaindependent.com/35349/first-time-home-buyer-program-ripe-for-abuse/comment-page-1#comment-31217 Rick Fri, 22 May 2009 06:26:30 +0000 http://minnesotaindependent.com/?p=35349#comment-31217 And what would cure this? 10-20% down on the house you intend to purchase. No credits, no gimmicks, no games. You save enough for a decent down payment, you have a vested interest in your house and your neighborhood. This is one big reason why so many neighborhoods in this country are in the toilet. People buy properties at zero down and rent them out to literally anyone. Renters could give a rats a*s about the neighborhood, thus the crime etc. follows them in. Just another typical case where government involvement screws us. And what would cure this? 10-20% down on the house you intend to purchase. No credits, no gimmicks, no games. You save enough for a decent down payment, you have a vested interest in your house and your neighborhood. This is one big reason why so many neighborhoods in this country are in the toilet. People buy properties at zero down and rent them out to literally anyone. Renters could give a rats a*s about the neighborhood, thus the crime etc. follows them in.
Just another typical case where government involvement screws us.

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