Well, I am sorry for the confusion.....I thought I was able to speak freely, but apparently not-my thoughts are governed here, so I will not stay, and I will no longer promote this site to my investors.

The great thing is that you are not taxed or penalized by the government for taking this money, and you don't even have to pay the money back. 

She said that she always wanted to do a presentation - "how to buy your house with government money."

I don't have any experience with Section 8 Rentals, but read some articles about how if done correctly it can help to create some stability since the rent is paid by the federal government.

However, there is more red-tape with government lending programs, and the seller may be more attracted to cash offers or buyers using conventional bank financing.  

“Inflation undermines trust in government,” Volcker said.

RESPA provides the buyer must have 24 hours to review the documents prior to closing...although admittedly, like so many government mandates they're simply ignored most of the time.

That goes to internal politics of the Chinese government which is beyond the scope of this post.

Are you suggesting the city government should send your house to tax sale if you are three days late on your payment?

Great tool on the Consumer Financial Protection Bureau Website for comparing mortgage rates.http://www.consumerfinance.gov/owning-a-home/check-rates/