I wouldn’t disagree with you except to point out that they do exactly what they’re intended to do. Protecting the lender. Even then, it’s just one of the many c

I wouldn’t disagree with you except to point out that they do exactly what they’re intended to do. Protecting the lender. Even then, it’s just one of the many checks in the underwriting process. They do however tend to thwart rapid price surges in the market. Depending on if you’re buying or selling will change your opinion on if that is good or bad.