Manhattan Luxury Condos Try FHA Backing in Sales `Game Changer' - Bloomberg: "The Federal Housing Administration agreed in March to insure mortgages for apartments at the 98-unit Gramercy Park development, known as Tempo. That enables buyers to make a down payment of as little as 3.5 percent in a building where apartments range from $820,000 to $3 million."
Cool. Can I have one of those mortgages and then default on it so the taxpayers get stuck with the tab? Or am I being too 2007?