Comments on: Obamacare and Mortgages https://www.luxuryhomedigest.com/2014/01/03/obamacare-and-mortgages/ Luxury Homes, Lifestyle and Travel Sun, 11 Jan 2015 22:13:58 +0000 hourly 1 By: Kymberly https://www.luxuryhomedigest.com/2014/01/03/obamacare-and-mortgages/#comment-6286 Sun, 05 Jan 2014 16:57:09 +0000 http://www.luxuryhomedigest.com/?p=1285#comment-6286 I was googling all morning with the query “Obamacare and mortgages” because I strongly believe Obamacare will destroy the real estate sales and lending markets. With the requirement to have health insurance now mandated by the Federal government – I too believe that lenders will have to factor in the cost to the newly raised ratios. People will have to prove they have health coverage and document the monthly costs and high deductibles. Combine that with the fact that most the “exchange” plans are local in nature, many prospective purchasers who are considering relocation or a second home will have to base their moving decisions on whether they can afford (or even get) insurance in a different state or even county.

I don’t like being a dooms day predictor – but all of the signals point to a severely distressed lending and real estate sales environment in the upcoming years.

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