Treating the symptom instead of the cause: Does anyone really believe that a refocusing by HUD from home ownership, to affordable rentals will do anything to prevent another housing bubble? Did the collapse of the housing market do anything to the bottom line of these developers?
Toll Brothers - America's Luxury Home Builder
Stanley Martin Homes
The Bozzuto Group
PN Hoffman Construction & Development
A quick view of their websites will inform you that the very same banks that received bailout money are once again financing unsustainable, runaway housing developments, so how does HUD shifting their support from homeownership to affordable rentals help the common man? A HUD switch from subsidizing homes to condos or apartments will merely result in a switch from runaway single family home building to runaway multi-family home building.
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