Why is the government simultaneously funding cheap housing and considering plans to shore up housing prices? Messing With Mortgages Why do politicians like John McCain think they know how much houses should be worth? 7 presidential debate, John McCain proposed to spend $300 billion of other people's money to buy "bad" mortgages. This is a very misguided proposal. From the LAT: During the Oct. Even if the myriad details were handled correctly, McCain's "American Homeownership Resurgen There is no upper age limit set by HUD for the borrower. Nor is there a certain income level that the borrower must achieve in order to buy a home at a certain price. And although income is certainly an important factor, it is simply one of the several determining factors which are used by the HUD to find whether the borrower will be able to repay the .
