Our surveys about housing policy seem to draw out the libertarians. Last week, we asked how soon borrowers who have been through a foreclosure or default should get a second chance at homeownership. A foreclosure on a borrower’s credit report within the last five years currently makes a loan to that person ineligible for sale to Fannie Mae or Freddie Mac. Most respondents said this waiting period should not be shortened, as some mortgage executives are lobbying for, either because it would be dangerous for the government to do anything more to promote homeownership (36%) or because it would be unfair, creating a moral hazard (27%).

Some of the comments posted on the blog were equally unsympathetic. “Let them rent!” one reader wrote. “They probably shouldn’t have owned a home in the first place.” Another said, “Hell, why not give them 30 days before they can start buying again. We didn’t make the banks wait to get bailed out, and the banks didn’t have to suffer any consequences like disappearing forever because they are insolvent, right?”

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