Posted on 03/08/2025 9:17:56 AM PST by dennisw
SUMMARY -
The Biden admin has been making mortgage payments for one million strapped FHA borrowers. He goes over what cities have this the worst. His video report is based on a recent WSJ article that exposed. As far as I can tell the Trump admin has not stopped thus
Housing justice.
How many of these foreclosures belong to laid off federal government employees?
report to DOGE
Which cities? I’m looking to get the heck out of California.
This pays for the Biden Regime’s printing press at the treasury, if true.
Pop the bubble and inflation stops - all on the back of the American home owner.
Orlando was one
WSJ article this video is based on-— https://archive.is/92gIJ
Cool. Thanks. Anything closer to the beach? 🤪
Just know if you relocate to Florida, generally the further south you go the more expensive it is to live......but NE Florida is full so don’t come here. 😏
I also just watched this video and subscribe to this guy’s YouTube channel.
FYI, he is always trying to sell his App, but he was the first guy I know that was calling a top to the real estate market in general a couple years ago.
All this being said, these FHA are primarily Sub Prime Loans.
Meaning, the borrower does not put down 20%.
Also, the payment to income ratio is typically higher than any bank or Fannie/Freddie are going to allow on a normal mortgage.
So, that always makes them higher than a normal mortgage on the default rate percentage.
They are also in the areas where mostly poorer people and first time buyers can afford to purchase a home.
Therefore, in Atlanta and Dallas they are on the south side of town.
They are in Fort Worth, Orlando, around Phoenix, etc.
They are not in Scottsdale and Buckhead.
In Orlando you are not going to pick up a deal on the back nine of Bay Hill either.
Watch the video on YouTube.
It is worth the 15 minutes IMHO
“Regulations” that block accounting aren’t regulations, they are fraud, cooked books. Don’t try this at home.
I want to go from a state where my vote doesn’t count to a state where my vote doesn’t matter.
It doesn’t matter who had the mortgages.
The point is that the Federal government has been paying the loans so that these wouldn’t go to foreclosure.
Therefore, artificially supporting the real estate markets in generally less affluent areas to make the economy seem better than it was.
Which means now that the Trump administration is in charge the SH#T is going to hit the fan again.
I will bet dollars to donut holes most of these delinquent loans are to illegals
The Jacksonville region has potential and is cooler temps than Miami to Palm Beach. Near to the beach gets less expensive as you go north from Palm Beach County. West Coast Ft Meyers is less expensive. Many food forest type ventures there. I know this from you tube https://www.youtube.com/watch?v=IScmj58znX4
ping and thanks for the excellent summary. FReepers hate watching videos and I mostly do too.
Thanks. I have trouble with humidity. Whenever I’m in the south I start dripping. When I set up for a trade show my shirt gets sopping wet. People come to me and ask if I’m OK or if I’m having a heart attack. Well, at least they care, Iwhich I appreciate. I could drop dead here in California and they’d just step over my body and carry on with their day.
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