Posted on 09/01/2021 4:55:14 AM PDT by Oldeconomybuyer
Yes, it worked so well the first time, it will be even better the second time around. Just like socialism.
Just like last time, lets give loans to people who have absolutely no way to repay them. No DOC loans. 100% financing.
What is really driving the housing market now in many areas is the lack of rental units. I went to an open house on Saturday in Newmarket, NH for a 4 unit multi family house. The price was $499K. If I put down 20%, I would have had a positive cash flow of $2500/month in rent over the mortgage payment & real estate taxes. It was sold at 8am in the morning as soon as the showings started. They canceled the open house before I even got there.
The cost of money is too cheap right now.
Agree 100%.
Just destroy the middle-class and Obama’s fundamental transformation will be a cinch.
Reminds me of this guy......... https://www.youtube.com/watch?v=a5NrqqK60OI
2008 will have nothing on 2022.
Give African Americans houses in outlying areas where there are no jobs. What could go wrong?
Define a problem real or imagined
Throw money at it
Progressive governance is tightly limited to throwing money
You're right - it seems insane until you realize banks make their money if the insanity works or fails. Same as last time. The only 'losers' are citizens...No skin off banker's noses.
Agree, but the bankers weren’t the root cause of the 2008 meltdown. It was the government coercing lenders to hand money out to people who couldn’t pay it back, and having the FNMA guarantee they wouldn’t be stuck with the bad loans. The scheme was designed to fail. Even if thre were no “predatory lenders”, the crash would still have happened, jut at a later date.
100,000 affordable housing units
How many illegals to a household would that be?.
The feds worked wonders making health insurance more affordable. Can’t wait to see how well they will make housing affordable.
Yes, I do know that - when Bankers said, 'no way we're going to loan money to people who can't afford to pay the money back - for OUR sake AND THEIR SAKE - Government stooges said they would be called racists and fined... AND that they - the stooges - were willing to guarantee the loans for them. Under those conditions any of us would make the loans. Guaranteed profit - no risk. Florida was hit hard by the insanity... People had their lives destroyed...
There is a magic formula, deport 20 million illegals and this problem solves itself.
You got it,just the beginning
Yes. Most of the other points are just your typical Dim graft, but that one about seizing zoning power from local governments will be what pops this housing bubble. A house appraised for $750,000 will suddenly lose half or more of its value the moment a Sec 8 housing plan is set up for that neighborhood.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.