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  • Comment Detail

  • Date: 05/09/24
    First Name: Christopher
    Last Name: Parker
    Organization: N/A
    City: Williamsburg
    State: N/A
    Attachment: N/A
    Number: 2024-N-5

  • Comment

    This appears to be a poor idea. Family homes often represent the single largest saving vehicle for families. Expanding home equity loans to the population could easily lead to the loss of those savings through the ready monetization of their equity. It seems the real estate boom-bust of 2008 is a very recent example of this. This also puts the Federal Government, via the GSEs, in the position of picking winners and losers by using debt 'cancelation' to groups . This could also lead to further distortion of markets (for loans, mortgages, and equities) as if their aren't enough already. Our society seems to not just be walking away from free markets but is rather galloping away. This cannot end well.