That enables buyers to make a down payment of as little as 3.5 percent in a building where apartments range from $820,000 to $3 million. http://www.bloomberg.com/news/2010-...e-federal-help-in-game-changer-for-sales.html
there is another one on the left on same page. also quite interesting- http://www.bloomberg.com/video/62044940/ btw-she looks pregnant on this video..pregnant stripper? wtf? this is a perfect example, how deeply this country is fucked..on so many levels..goldman literally owns this place.
From the article: "In New York City, the priciest urban U.S. housing market, the FHA insures loans of as much as $729,750, and permits buyers to borrow up to 96.5 percent of the price". So, if the units are priced from $800,000-3.0MM, how is a prospective buyer going to get an FHA insured loan? The cheapest unit is above the FHA maximum. I guess the only way is for the buyer to cough up more down payment to cover the difference.
disgusting it's all starts right there..the cost of education..then doctors charge you 500K for surgery or $1000 per visit and lawyers are asking $1000-2000 per hour..cause everyone is looking for the money..colleges included no sympathy for dumbfucks,who paid 100K for degree in cooking.