Why? Everybody is happy! The voter got a free house and the bank got bailed out. It’s like consensual sodomy!
Kind you scratch my ###### and I scratch yours?? ;-)
“...and the bank got bailed out.”
I’m guessing the gov’t is propping up the banks during these types of things continuously. About four years ago some neighbors were looking to move out of their rental home and pick up a “deal” on a foreclosed home. The prices were STILL high, and foreclosed houses on the market for months and months. They found out the gov’t was giving the banks relief for all of their foreclosed homes on their books - so the banks weren’t motivated to dump them.
Sort of like the EBT crowd. “For every kid we have that we can’t support, we make even MORE money.”