Currently, everyone is awash with disposable cash, thanks to Uncle Sam helicoptering $ trillions of dollars from deficit spending, onto everyone's roof top. 

Sales tax hikes approved by county voters in 2008 and 2016 allowed Metro to budget $1 billion toward the expansion, leaving a $5-billion deficit.

As I’ve mentioned before, there has been a long running deficit in new home construction in the US, which needs roughly 1.5 million housing starts per year based on population growth and scrappage (voluntary knockdowns, natural disasters, etc.).

His job is not to care about the federal deficit or debt balance.

From what I understand you are banking on appreciation of 50% over a very short time frame, while adding at a minimum $500 a month deficit to your household budget, and that comes after putting out nearly $40k of your own capital. 

They could raise taxes to pay down debt, but the federal government runs in deficit mode already.

So, effectively, I am actually -$10,000 in deficit when its all said and done!

However I’m very paranoid about following the law to the “T”, especially knowing full well I have Attention Deficit Disorder (ADD) which makes me mess-up the finer details when filing paperwork.

We have an $18 trillion national deficit and near zero interest rates.

If you are approved for a loan amount of $60K, then you have a deficit of $0 - $6,500 once your down payment is added on.