Richard Ware (Amarillo National Bank) leads it up, and all the politicians are there.

We may have some of the worst property tax, an insurance board that's in the pocket of the industry and the scummiest politicians money can buy; BUT we can sure bounce deadbets quickly.Back in the late '80s or early '90s the Houston Chronicle did an article about evictions because there are so many filed in Harris County (Houston).

It was a crack on a politician.

Pretty much the same here with the CFBP, politicians tried to block it at every turn and not fund it, I'd say the financial industry is accepting the bitter pill and in return they get some protections and new benefits.There are billions of dollars in seller financed transactions, much of it now must go through servicers and at servicing rates that only a bandit would charge.

People rent for many reasons, but some common ones are: 1) they do not have sufficient resources to make the downpayment on a property purchase; 2) they do not have the credit history to qualify for financing; 3) they are in the area temporarily, or periodically, and do not wish to establish roots (students, oil field workers, politicians & staff attending the legislature, etc); 4) home ownership is just not right for some folks.

And as for the politicians we know most of them are self serving idiots.

A buddy walks door to door on behalf of the local politician.

TonyCouple of thoughts...A buddy goes door to door in neighborhoods for the local politician.

Politicians want their tax money.

With help from politicians, this idea has been methodically promoted as a reason behind higher taxes.