Tuesday, February 24, 2009

Madness in Houston

A proposal before the Houston City Council calls "up to $3,000 in grants to individuals who are trying to qualify for mortgages through the city’s homebuyers assistance program."

The funds would be used "to help people pay down car loans, credit card balances, or other debts," so that they can raise their credit scores enough to be eligible to buy a house.

Among the questions one might ask:

What gives an individual a "right" to a home?

Why should other taxpayers be required to improve the credit of another person so that person can buy a house?

Aren't we in a major economic crisis right now that was partially caused by houses being purchased by people who could not afford to buy them?

How can this plan do anything but drive out taxpayers, and drag in dead beats?

1 comment:

  1. Your rhetorical questions imply you still expect government to change. Governments do more of that which has not been working until they fail. Not unlike most traders. The timeline is greatly extended, though.