INTERVIEW: How Rep. Erin Houchin’s bipartisan bill could lower housing costs for Americans
When Rep. Erin Houchin (R., Ind.) was 26, she and her husband purchased land in Indiana that they still live on today — an experience that would be almost impossible to replicate today, Houchin told the Washington Reporter in an interview.
“We were building in the Midwest many years ago, when the interest rates were a lot better,” Houchin said. “So we didn’t have an interest rate problem. We also could refinance, which we ended up doing much later. But we had to have a co-signer on our loan, and we had to have some collateral of some kind, and we were able to, through family support, have that collateral support, and many people don’t have that, we were very fortunate to.”
“But we look back on that time and think, ‘how did we survive?’” she said. “I think you just find a way to do it.”
