Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Governor Arnold Schwarzenegger supports home ownership

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September 30, 2005

Governor Arnold Schwarzenegger supports home ownership

The good governor told the California Building Industry Association (CBIA) which claims on its website to be "The Voice of Housing in California", that the cost of housing is way too high and reforms are needed to "remove the barriers that drive up housing costs for all Californians", whatever it means.

CBIA wholeheartedly agreed with the governor and announced that it already diligently working on removing those barriers. You can find few interesting things in "How government is taxing home ownership". This paper says that "it’s not unusual for the first $100,000 of a home’s cost to go to government." I wonder if Mr. Schwarzenegger agrees.

And of course the best remedy is to build more homes.

Posted in Real Estate at September 30, 2005 01:00 PM

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