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And now people like me who make six figures a year, had zero debt, excellent credit, had the 20% in cash, had a cash reserve on hand, have to jump through hoops for months to get a mortgage approved and the property approved and so on - for a median priced property where the mortgage would cost less per month than what I was already paying in rent for over a year.
This makes it hard for people who are qualified to get into the market.
Before they made it too easy, and now they are over-reacting and making it too hard.
This makes it hard for people who are qualified to get into the market.
Before they made it too easy, and now they are over-reacting and making it too hard.