Posted by: Todd Long | August 15, 2008

Housing economic stimulus bill stifles investors

I have recently learned that buried in the recently passed housing economic stimulus bill was a provision that changes the number of government backed loans a single investor can have on his/her credit report.  In the past you could have a limit of 10 investment properties in  your portfolio.  Now that has been changed to a maximum of 4.  If you have read my previous post about one option to fix this housing slump you will know that I think our Senate and House leadership are missing the mark completely by forcing the investor out of this market.  What do I know?

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