Political Quotes

“for many hard-working families, the American Dream and homeownership are one and the same, but lately that dream appears increasingly elusive in the face of ballooning costs of homeowners' insurance and rising interest rates on home mortgages. Nowhere is this discomforting trend more profound than in States ravaged by natural disasters. Today we have the ability to help. Congress can enhance the way the law treats mortgage interest, giving American families more buying power when shopping for their dream home. We can also improve how it treats mortgage insurance, assisting those low-income families generally required to pay this insurance to afford better housing. The bill, Mr. Speaker, in its current form, however, has a glaring weakness. When it comes to disaster relief, it only names the victims of Hurricanes Katrina and Rita, which would help families stricken by hurricanes in Louisiana, Mississippi and Texas. There are countless Americans beset by the recent tornadoes and wildfires in other parts of the country. Their plight is indistinguishable from those families of hurricane-plagued regions. A disaster befalls an area, home insurance rates skyrocket, and, together with the rise in mortgage interest rates, the American dream of owning a home is dashed.”