1/31/09

We believe home-ownership strengthens individuals, families and communities, and we support subsidies, low-interest loans, and mortgages, in order to encourage home-ownership, particularly for first-time buyers.
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2 comments:

  1. Anonymous3/16/09, 1:55 PM

    Given the current recession and the specific situation of many having been pushed into low-interest loans and mortgages and now facing foreclosure, we favor striking this item. Instead we propose the following TWO NEW ITEMS:

    1. "We support measures that facilitate renegotiation of mortgages--interest and principal--to benefit people who live in the house."

    2. "We support legislation prohibiting banks from selling home mortgages in a way that relieves the issuing bank of responsibility for having made the loan"

    ReplyDelete
  2. Anonymous3/18/09, 1:07 PM

    I support removing this item. The Democratic Party should be promoting an increase in affordable housing options, and the view of housing as a place to live, not as an investment instrument. Pressure towards home ownership as a solution to all problems stigmatizes other viable options for a large portion of the state's population, and contributes to speculative financial activities that ultimately result in the kind of economic distress the country is currently experiencing.

    It is not the state's role to address housing as a "real estate problem" as opposed to a housing affordability problem. Many issues downstream of housing affordability, such as transportation, management of open space, disparity in school systems and local services funding, etc., could be positively influenced with a focus on maintaning and increasing the rental stock in our communities within the greater movement towards smarter development.

    Regardless the benefit of home-ownership, its promotion will continue with or without the support of the Democratic Party, and therefore I suggest this item is gratuitous at best.

    Steve Hilton
    Member, Westborough Democratic Town Committee

    ReplyDelete

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