Biden Admin Wants More 'Equitable' Home Ownership

[Bulk VanderHuge]

It has it's moments, but it's too cute by half.

Just like you.

 

[anon_6hv78pr714xta]

Just depends. If it's too "feel good" then I'm out. I have no stomach for the inevitable pivot back to real life.

Just remember, it's the hope that kills you.

 

[ORG]

So, if I understand this correctly, the system was designed so that lower credit borrowers were forced to pay higher fees, and now, they have tweaked it such that they still pay higher fees, but maybe not quite so much higher as they used to be, and that tweak is..."evil?" Is that the argument as we're getting it?

The reason lower credit buyers pay more is that they are a bigger risk to default.

IMHO the huge increases in interest rates by the Fed is adding several hundred dollars a month more to buy a house. This impacts all home buyers but it is a big enough increase to force many buyers out of the home buying market .

 

[DANC]

Just remember, it's the hope that kills you.

You are wise.

 

[UncleMark]

IMHO the huge increases in interest rates by the Fed is adding several hundred dollars a month more to buy a house. This impacts all home buyers but it is a big enough increase to force many buyers out of the home buying market .

That's the whole idea.

 

[i'vegotwinners]

There have been some galactically stupid policies proposed and implemented over the years, but, damn, this one is out there. Harm the people who have done the right thing. Reward those who haven’t.

Mindnumbingly moronic. People proposing this should never be allowed near any position of power and should be limited to digging ditches.

Look for economists, following the next housing and financial crash, to point back at this as a major factor.

Thanks, Joe. You and your administration are all doing a bang-up job. And then you’ll pass it along to Kamalalala.

mindnumbingly dishonest. as usual.

nice that the fact that no one is redistributing anything here, or subsidizing loans to low credit borrowers, stops the right from claiming otherwise.

in fact, what conservatives are complaining about, is low credit borrowers not subsidizing high credit borrowers as much as they used to.

NEVER STOP LYING is the conservative creed.

and they absolutely never do.