As we saw in the last run-up in housing people get crazy when the market reaches euphoric levels.In addition to interest rates, you have to look at government housing policies, the entire economic outlook, incomes, etc.

But people really don't talk about why it happened.First of all, the Chancellor to the exchequer in 1998 raided the pension companies, so lots of people in their 40s-50s cashed out equity on their primarily home and bought property to rent out.Secondly, through 13 years of an unchecked left government, immigration was left largely unchecked, and 5 years of a Tory government didn't bring it back in check either.

This is an Ohio statute that governs recovery of possession of a property that is under a land contract.

That is credibility.  

The other areas were these are located and they are still there are in dead and dying rust belt cities or cities with more houses than people.. and or high poverty rate or demographic of heavily dependent on government assistance.. many times in the urban core areas of the bigger US cities.One of the folks I like in Indy made a comment on another post..

Unqualified sales are those which are not arms-length, such as transfers between affiliated parties, those involving government agencies, transfers where ownership conveyed is less than 100%, or those involving banks, loan or mortgage companies and others.

"True" probably isn't the right word, but I want to know if an income statement is as credible as a tax return.  

Is anyone aware of a similar program offered by the Canadian feferal government or Ontario provincial government to the FHA 203k Loan?

If they intend to pass the law referenced in the OP, I would bet it is just another example of government intrusion into our personal lives.  

He only makes 2500/ mo or so working a government job, so 1250 in rent would be half of that, not ideal.