Thank you. I have been really irritated with the baby-with-the-bathwater argument that the best way to get 40B reformed is to throw the whole thing out and then cross our fingers that someone replaces it with something better. I have a gut feeling that if 40B is thrown out, it just won't be replaced at all.
I am deeply distressed on a personal level to have learned how many of my friends are so in favor of eliminating the program that's the only thing allowing me to buy a home. To the point I don't see many of them quite the same way anymore - especially since all of them are coming from pretty privileged places. It's easy to say we should toss out something that gets less wealthy people into home ownership, when you have already achieved that goal and weren't really at risk of not being able to achieve it.
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Date: 2010-11-02 09:56 pm (UTC)I am deeply distressed on a personal level to have learned how many of my friends are so in favor of eliminating the program that's the only thing allowing me to buy a home. To the point I don't see many of them quite the same way anymore - especially since all of them are coming from pretty privileged places. It's easy to say we should toss out something that gets less wealthy people into home ownership, when you have already achieved that goal and weren't really at risk of not being able to achieve it.