It will be a tragedy.
Race, being ostensibly at the core, will turn out to be nothing, because the whole gambit is a crony financing scheme.
Get legislation-by-judiciary and legislation-by-executive-orders, to impose redirections of private funds and taxpayers’ money, toward a real estate game from which the most high relieve all that money ... of some of that money.
At the same time, all property-that-is-under-development (and how the government-by-judiciary and government-by-liberal-media both define that) ... becomes nationalized. *YOU* might own the property, but the property rights, are Terms of Service’d out of your hands. (You may as well forget about leaving anything in some ‘last will and testament,’ because Original Intent will not be recognized by the new probate judiciary.)
Basically, if you want to have a home and land and a farm or property for a business, you will pretty much have to have it BEFORE the police state takes hold and kills growth.
Bush, Romney, GOPe, rich liberals too many to mention and name ... will not object, as they and their TARP ZOO are all in on the gambit: spin up a cash flow and just reach in there and take some of it. And after that, do it again, under yet-another new media-babble spotlight.
To me it is just another disincentive for people to tie themselves to 30 years of payments for a home. If one of these welfare hives is plopped into a middle-class neighborhood (they never get put in high-income areas), then the neighboring homeowners watch their values disappear as their standards of living fall.
In a neighboring town there are new condos going up (detached single-family homes are a thing of the past, as Americans stop having children), and a certain percentage of the units have to Section 8 units. Who would buy any of these units if you have to deal with idle unassimilated minorities sacking your property while you’re out working your tail off?
The various gambits, be it money printing by the fed, the TARP, the nationalized real estate spigot ... are all acid rain by their effects.
There is no Keynesian Miracle, because there is no demand by real, actual entrepreneurs. Certainly the rich barons and rich liberals are not borrowing from Jamie Dimon.
The interest rate still hovers over “0”, demonstrating that GUBMINT and its regulations - however made up - are in the way of opportunity.
Yet the fed keeps pumping aka printing.
Instead of people gaining access as a result of their own growth, thanks to GUBMINT and the other roadblocks getting out of the way ... the GUBMINT conceives of a scheme to insert itself and push people into more compact housing developments.
Having failed at pushing people into homes, all the “liberals” see that they can make tons of money by pushing people into cubicles.
That will likely be followed by pushing multiples of people into the same cubicle, where everybody can watch infotainment articles about the glitterati who are well-ensconced in lavishly-protected and very roomy dacha’s.
What member of the GOPe could object? Notwithstanding all the liberal elite who already live in their established dacha’s?
Right along with all the rich greedy liberal landlords for “socialization,” will be the minority of “the rich:” the GOPe, all for Ms. Lynch as the new Real Estate Czar.
The Federal Reserve and The Justice Dept. sure have their work cut out for them -— as to who will be in charge of “fed funds rates.”
Because the Federal Reserve, whose members will reflexively push for the new Czarina ... tend strongly to look at the data and the literature in hindsight, where they will find that no amount of their manipulating amounts, will make right, what the Dept. of [In-]Justice [Police State Chicago Way] makes wrong.
The thing that the Federal Reserve affects most, is the price of assets (distinguished from the value of assets).
*That* conflicts with the pending Czarina’s work, establishing the Justice Dept. as dictator of the prices of of real estate.
No amount of re-setting of the Federal Reserve’s declared interest rate of “0” ... to some portion of (!) “0” ... will relieve the results of the fact that the AG, the Czarina, will determine the price for your house.