[howlin]

> Maybe really low/no interest loans for first time home buyers so they can at least get into the market.

One big reason homes are priced so high in places like the USA is because home loans are already government subsidized. When people think of what they can afford, they look at their net monthly mortgage payment less the income tax break. And prices seem to rise to meet whatever monthly payment buyers can afford.

[tayo42]

> because home loans are already government subsidized.

Are they? Maybe Im more ignorant then I thought? Im still stuck looking at high intrest loans as a first time buyer who works in tech though?

[phil21]

30 year fixed rate mortgages really aren't a market thing. They largely exist due to government support.

If you are getting a conforming loan in the US - chances are the federal government is buying that note via fannie or freddie and the bank simply services the loan for a fixed fee.

[Mountain_Skies]

Do you itemize your taxes? If so, your mortgage is being subsidized by the government.