The eventual result of government meddling is always the opposite of stated goals.

Remember GW  Bush's "home ownership society" mantra?  Well, home ownership has fallen to record lows since all this meddling began.  You know why?  Because the meddling has driven up real estate prices so that only an idiot would buy it today.  Houses on the left and right coasts are 500k-1.5m, far beyond the real affordability of the average family.  What cannot be afforded will not be afforded.   The only way for home ownership to increase is for prices to come down and I don't mean by a few percent.  Rising interest rates will collapse the housing price bubble over the next 5-10 years.  Young people: rent for now but be saving your asses off because a buying opportunity awaits for those who have cash.  Note: those who don't save but who will want to buy when prices collapse will find themselves faced with 10-15% interest rates and thus the lower house price will not help them because the interest payments will eat them alive.  ONLY cash buyers will benefit from the coming housing price collapse.  Save your $$ young people.   Not for a down payment but for the whole house.  Save up 70K and you will be able to buy for cash something that goes for 150k or more today.  All of this debt that pushed up housing prices will deflate and housing prices will fall as a result.