Taxation is theft, but so also is making borrowers with good credit and large down payments pay higher rates and fees so that borrowers with bad credit and little or no down payment can have lower rates and fees. This is encouraging bad behavior.

If I was borrowing now (I have a paid off forever home, so hopefully will never happen again), I'd borrow with a very low down payment (riskier for banks) and then with my first payment, pay a bunch extra to get me over the 20% necessary to not have the extra insurance (forget what its called). There are ways to get around this nonsense, none of which is good for borrowers or the banks or the economy.

The US is run by total incompetents who don't have a clue about how anything works and who makes emotional decisions that cause horrible side effects.

The only good news (for me) is maybe our government's actions will so screw up the real estate market that I can buy some investment/rental property for real cheap.