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The State Wants To Nationalize Second Mortgages. What Could Possibly Go Wrong?
Mises Institute ^ | 06/21/2024 | Artis Shepherd

Posted on 06/21/2024 10:07:26 AM PDT by SeekAndFind

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To: monkeyshine

To spend more money
on things they don’t need
to impress people they don’t like.


21 posted on 06/21/2024 10:58:23 AM PDT by 21twelve (Ever Vigilant. Never Fearful.)
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To: SeekAndFind

“to purchase and guarantee second mortgages”

I remember seeing a price of 41 cents a share. My memory may be wrong.

Therefore, I doubt these companies are in a position to truly guarantee anything.

If a federal guarantee is to be issued, it probably should be backed by a contemporarily authorized new federal income tax on government employee pension income.


22 posted on 06/21/2024 11:00:13 AM PDT by Brian Griffin
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To: 21twelve

“To spend more money
on things they don’t need”

Three new huge storage places have opened up near me. A fourth is forthcoming.


23 posted on 06/21/2024 11:01:56 AM PDT by Brian Griffin
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To: SeekAndFind

Posturing for another payoff.

Assuredly.


24 posted on 06/21/2024 11:05:27 AM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: dfwgator

That’s a BINGO!

I was wondering how long it would take someone here to articulate the “You will own nothing” of the WEF globalists’ agenda.

Hard times. Recession, inflationary cycle kicking up, people WILL borrow. Gotta keep the new car, boat, second home, vacation plans, braces on little Suzie, and so much more. Those loans will “fail,” and default to the “government” lenders.


25 posted on 06/21/2024 11:12:09 AM PDT by normbal (normbal. somewhere in socialist occupied America ‘tween MD and TN)
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To: Brian Griffin

Storage units are BIG business now.

I was pondering this the other day. I think it is that housing is so expensive so young adults can’t afford big places. But - they are used to having all of the stuff and toys they had when they lived at home with mom and dad.

Although even with the “normal” amount of stuff it is difficult now. My son just found a new apartment. He used to have an 8-foot long closet for his clothes and other stuff - now it is 4 feet!


26 posted on 06/21/2024 11:12:52 AM PDT by 21twelve (Ever Vigilant. Never Fearful.)
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To: SeekAndFind

Perhaps it is as simple as homes for the homeless.


27 posted on 06/21/2024 11:28:20 AM PDT by Falcon4.0
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To: SeekAndFind

Just a legal means to take control of private property.


28 posted on 06/21/2024 11:50:52 AM PDT by Ronald77
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To: Brian Griffin

There are a lot of ghost postings.


29 posted on 06/21/2024 12:51:30 PM PDT by redgolum
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To: SeekAndFind

They are deliberately preparing another housing bubble. And when it hits propose all manner of repressive legislation to solve the crisis.


30 posted on 06/21/2024 12:54:44 PM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
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To: 21twelve

Garages used as storage in California while the expensive car sits outside waiting to get the catalytic convertor or the car itself stolen.


31 posted on 06/21/2024 3:50:54 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: SeekAndFind

What’s next? Nationalizing ATM cards (with overdraft protection)?


32 posted on 06/21/2024 4:16:44 PM PDT by moovova ("The NEXT ELECTION is the most important election of our lifetimes!“ LOL...)
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