Trump Nation suspends FHA rate cuts

[Garmeon Y.]

Today was President Trump's inauguration. The administration wasted no time and has halted one of Obama's last minute legislations to cute PMI rates. Correct me if I'm wrong, but I thought Trump is pro-real estate? Isn't this hurtful towards (prospective) real estate investors?

http://money.cnn.com/2017/01/20/real_estate/trump-...

[Michael Hayworth]

Originally posted by @Garmeon Y.:

@Mike Reynolds Not familiar with those places, but I keep hearing how Texas is such a great place to invest. I have a couple friends down there. I get the impression y'all Texans don't appreciate us Californians migrating there in droves.

Garmeon, it's not that we mind all you Californians, New Yorkers, Illini & such moving down here. (I interview several folks every month from those states.) It's that when most of you get here, you start voting for the same big-government crap that f-ed up your own economies in the first place.

• No, we don't have a state income tax.
• No, you don't need a license to be a painter.
• No, you don't even need a license to be a GC. Yes, our construction quality is just fine, thanks. And yes, we've seen some of the rickety **** built by y'all's licensed GCs.
• No, most small construction companies don't carry workers' comp. No, there's not an epidemic of people dying or being maimed on jobs.
• Yeah, you do require a permit to remodel a bathroom, but no, we generally don't get too bent out of shape if somebody does it without one. Just don't be obnoxious about it so the city or the local inspector feels like he has to roll up on your job.
• Yes, we have big job growth here. Yes, there are reasons for that.

Texas works really well. We'd like to keep it that way. All y'all are welcome here, just understand we don't want to be California. :)