I have always felt that the Roth IRA rules would eventually be “undone” resulting in double taxation.
I swear, if Obie gets re-elected and we still have a Dem majority in the senate, they are gonna tax the H out of us.
I expect fees and taxes out the ying-yang.
I also expect there is something in the works for all of these foreclosed houses around the U.S. Banks own the houses, the govt owns MANY banks, therefore the govt. owns many of these houses. I expect a BIG housing giveaway. Coming to your neighborhood soon - “the great unwashed.”
Obie chose not to run last November and was succeeded by Republican Sean Duffy.
“I expect a BIG housing giveaway. Coming to your neighborhood soon - “the great unwashed.””
It has already happened to a certain extent. When banks stopped asking for a big down payment we started getting a class of people who should not have been able to afford to live in our older established neighborhood. Now we have a couple of neighbors with jalopies on the street and Walmart swing sets in the Japanese Maples in the front yard and unkempt dogs.
I did not work hard, scrimp and save so that I can be over run by the undeserving. Home ownership ain’t what it used to be.
Lyndon Johnson did this in 1965, quietly and without notice (because he didn't want to stir up resentment). In my neighborhood, lots of military families who'd had to buy houses in the local market (because local developers got the corrupt U.S. congressman to oppose Capehart housing on-base or off-base for Air Force families) were stuck when the Air Force announced closure of the base.
The houses eventually went back to FHA and VA, and after his election, LBJ dumped the houses cheep cheep, and they were bought up by black families -- it was his political reward to them, taken out of the hides of serving members of the Armed Forces and their small equity balances, which were zeroed out, basically, when the Air Force announced their move.
The other white residents then sold out, and the neighborhood became essentially 90% black in about five years as the new arrivals scored deals on the whole housing stock. That was their reward for their 99% straight-ticket lever-pull for old Landslide Lint'n. Reparations, circa 1965.