Comments on: FHA Condo Rules Change (Again)

By: king

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By: Geoff

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By: north face sale

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By: Classifieds

Classifieds — Thu, 05 May 2011 08:13:46 +0000

I cant believe this! Most condo buyers will be buying for the first time and without a large down payment. Stricter rules has good and bad sides!

By: Steve

Steve — Thu, 17 Mar 2011 05:22:17 +0000

Nice post! and i am also agree with Susan. Stricter rules may mean less foreclosures, but that rules do not make it easy for those who are able to purchase. i am also convinced these rules will be altered once the economic situation improves, thanks foe sharing…

By: Sheppard Condos

Sheppard Condos — Tue, 28 Dec 2010 05:43:54 +0000

The more difficult it is to get financing, the lower the home sale prices will be. Good thing lots of people want to live in condos for the ease of maintenance.

By: Gear Knobs

Gear Knobs — Sun, 12 Dec 2010 19:22:41 +0000

actually, i like to live in a condominium specially on the higher floors because the view is amazing *”

By: Geoff

Geoff — Mon, 15 Nov 2010 19:41:44 +0000

Rather than attempt to avoid a bubble in the condo market, I think the FHA rules were designed to prevent Fannie Mae and Freddie Mac from investing in overpriced properties. Condos have traditionally been more risky than single-family houses. That's why they make it a lot easier for people to buy houses in San Diego.

By: Richard@Property for sale Phuket

Richard@Property for sale Phuket — Thu, 11 Nov 2010 08:32:57 +0000

This is probably a way devised to prevent a ‘bubble explosion’ in the condo market. A similar tactic is panned out by Thai government (where I am based), but there are so many more red tapes and grey areas to traverse when it comes to loans, especially for foreign ownerships. Consider yourself lucky that the FHA changes are all pretty clear cut.