Mr._Graybeard
Thinks s/he gets paid by the post
- Joined
- Apr 18, 2011
- Messages
- 2,978
I surf the secondary municipal bond market and notice that state housing authority bonds are relatively cheap. I see them out there for both multifamily housing and single-family mortgages. They often carry high S&P and Moody's ratings. I've bought a couple (I try not to load up too much on any one type of bond).
I remember Dad passing along his skepticism of muni housing bonds, but in the wake of the Great Mortgage Bubble, I believe that mortgage lenders have become a lot more careful across the board. Still, Dad's words ring in my ears. Anybody else want to weigh in?
I remember Dad passing along his skepticism of muni housing bonds, but in the wake of the Great Mortgage Bubble, I believe that mortgage lenders have become a lot more careful across the board. Still, Dad's words ring in my ears. Anybody else want to weigh in?