Isn’t this how the old housing bubble in that blew in 2008 happened? You had loans subsidized and regulated through the government to make it easier for high risk debtors to get them?
Yep.
YEAH; I remember the one about a school bus driver who bought herself something like a 500,000 dollar home under some dumbass federal “lets put everybody in their dream home” scheme.
She defaulted on her home loan, found out to late that a 1200 dollar a month paycheck wasn’t going to pay a 5,000 dollar a month mortgage payment!
All the dumbocrats were outraged that she couldn’t live the “life style of the rich and famous” like she thought she should.
If I remember correctly this was under obama, the magic neeeegro!
YEAH; I remember the one about a school bus driver who bought herself something like a 500,000 dollar home under some dumbass federal “lets put everybody in their dream home” scheme.
She defaulted on her home loan, found out to late that a 1200 dollar a month paycheck wasn’t going to pay a 5,000 dollar a month mortgage payment!
All the dumbocrats were outraged that she couldn’t live the “life style of the rich and famous” like she thought she should.
If I remember correctly this was under obama, the magic neeeegro!