But we’re hit particularly hard here.”Thecity’s own policies contributed to the current financial crisis inthe affordable housing system.

Aloha Lilianna,The best time to buy a real estate for the long haul is always when others are selling left and right or during crisis.

I actually during the credit crisis when our PDX banks froze  ... contacted them about doing a subdivision A and D loan for me... sent docs down  but I got a pre qual letter to quick and what I thought was too easy... next step was the 10k for due diligence, being a lender myself it was just too easy...

Is it better to apply when real estate prices are high like now to get higher loan or is it better to wait to next financial crisis and apply for smaller rate?

What are some good Strategies for profiting off of the Florida Condo Crisis?

On the other hand, a recession could cause mortgage rates to go down more but it will likely not drop to COVID levels or even the levels we saw during the foreclosure crisis, unless the Feds start up with Quantitative Easing again.

There is an affordable housing crisis here in America.

In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.

Some of the finer points that I can see are $25,000 in down payment assistance for first-time homebuyers, 3 million new housing units within the next four years, tax credits for developers who build starter homes, investing $40 million in an innovation fund to tackle the housing crisis, and expanding a tax credit for housing developers who build affordable housing rental units.Forbes also says she wants Congress to crack down on "predatory investors" who buy up rental homes and collude with each other to raise rental prices.Just sharing this because there's obvious impacts on the housing market if this all takes effect.This is basically just a summary of the Forbes article, you can read it in full here: https://www.forbes.com/sites/alisondurkee/2024/08/16/kamala-... 

Price does this because of the affordable housing crisis.