DO YOU THINK THIS BILL WILL PASS?

Have you heard the government's thoughts of increasing down payment requirements for mortgages? I don't believe it will ever happen. They attempted to stimulate the economy last year with a 1st time homebuyer tax credit of $ 8,000. That worked for the first three months of 2010, only to see a sharp decrease in sales immediately following the end of this tax incentive. Some stimulation! Now, they're thinking of increasing the required down payment for qualifying for a mortgage? This bill will never pass! Since the housing market is a huge chunk of our GDP, and since it spurs increases in the auto industry and retail sales, we need to continue to sell more houses and not stop them from being sold. This would only prove to decrease the number of overall home sales. There's no way this will ever go through. It will kill our already fragile economy. Home sales will slow to a crawl, home values will plummet and foreclosures will double already historic highs. Rest easy....there's no way this will ever happen!