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-- by the Obama administration make it easier for people with very weak credit to get into home loans Dave Ramsey champion -- financial responsibility.
Not happy about it.
-- -- people don't need -- -- house.
It becomes a curse rather than a blessing this -- the homeownership is a is is the silver bullet that helps everyone whether financial problems is governmental hogwash.
Well by the way -- that he pointed out Tuesday Ramsey pointed out that what they've got in mind.
He's giving people a mortgage when they put only 3%.
And they've got to credit score of 500 that's a week borrower indeed and the loan will be backed up with our taxpayer money.
Joining us now is a real -- some anti did you actually frequently here on this program I Samantha.
What do you say festival is about to the idea of lowering credit standards to get people into homes of the -- the business -- selling -- don't you want this.
I mean I'd like to stay in the business -- that's sits it out.
I think we're going back to 2008 with that mentality like we've always said before you should only by -- if you can.
Not if he wants to not if you think you can bet if you actually can which means you have a good credit score.
Not you know and we were gonna put people in a position.
Where they have no business being and and I don't you agree with its just ridiculous.
I do agree that -- -- but there's another side of the court.
I mean it looks like they're really lowering the credit standards if you go down a credit score 500 you -- -- put 3% down that's low indeed but I.
You're putting in a position -- pretty people in a position to fail we have almost positive news coming out we have price increases of 10%.
From last year we had lost two million -- Owners is it not would it not be a socially good thing.
If you lowered the credit standards just a little bit.
And you allowed some of these youngsters twenty and thirty somethings to get into that first there's a social good at that which is the reward for the risk of lowering your credit what -- site.
I just don't agree with that you know I'm -- eight years old and I just bought my first home and I had a great credit I worked very hard to get to that point.
I think if you don't have a good credit right now I think.
You know just because all of the signs point to -- does that mean that everyone should be buying.
We should instead educate people on how to strengthen that credit and put them in the position.
Where they won't deep -- on the more it's OK rat right now.
We hear you now one last point there was a report I think it was earlier this week it says that do a real tough.
You have a happy -- job in the country that will be -- real does not not just you Samantha but all real sense do you have any comment yeah.
Without Florida of course I'm happier -- now by.
You know I wanna I wanna say happy I wanna stay in that happy -- position and if we go back to -- giving every one a mortgage rate now.
Everything's gonna go back to eat you know when when we -- the crisis and when we have to crash so you know right now there's so much positive.
Things that are happening in the housing market is really taking -- turn.
For something good so let's stay on that path.
Samantha -- And happy here in sunny South Florida happy as a clam all right thanks for joining us about Tennessee -- you think -- -- guns.
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