Biden punishes home buyers with good credit to subsidize those with bad

14,575 Views | 132 Replies | Last: 2 yr ago by Prosperdick
Rustys-Beef-o-Reeno
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4:38p, 4/19/23
https://m.washingtontimes.com/news/2023/apr/18/joe-biden-hike-payments-good-credit-homebuyers-sub/

We talked about this bull**** yet
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4:39p, 4/19/23
Maroon Dawn
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4:41p, 4/19/23
Rewarding failure

Punishing success
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panhandlefarmer
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4:41p, 4/19/23
FJB
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BDUB95
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4:46p, 4/19/23
Literal wealth redistribution.
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Hagen95
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4:48p, 4/19/23
This makes no sense at all. Who thought this was a good idea?
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DallasAg 94
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In reply to [removed post] • 4:49p, 4/19/23
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4stringAg
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In reply to Maroon Dawn • 4:49p, 4/19/23
Maroon Dawn said:
Rewarding failure

Punishing success
Destroying the country.

Biden and the people behind him are unmitigated enemies of this country.
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Ginormus Ag
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In reply to Hagen95 • 4:51p, 4/19/23
Hagen95 said:
This makes no sense at all. Who thought this was a good idea?


Socialism defined.
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deddog
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In reply to Hagen95 • 4:52p, 4/19/23
Hagen95 said:
This makes no sense at all. Who thought this was a good idea?
This is about "equity"
No one is stupid enough to think this is a good idea.
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AgBQ-00
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4:52p, 4/19/23
So i guess we are going to be seeing 2008 on a much larger scale before long.
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Ag87H2O
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In reply to BDUB95 • 5:32p, 4/19/23
BDUB95 said:
Literal wealth redistribution.
Taking from the producers to give to the moochers.

It's the Democrat way, not the American way.
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aTm2004
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5:41p, 4/19/23
They continue to punish the middle class. How anyone can vote for these morons is beyond me. They really do have mental issues.
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45-70Ag
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In reply to Hagen95 • 5:43p, 4/19/23
Hagen95 said:
This makes no sense at all. Who thought this was a good idea?


A democrat
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Owlagdad
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5:51p, 4/19/23
And when these dead beats get foreclosed, will banks ask us to fork over their mortgage payments.
Rewarding incompetence
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AggieVictor10
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5:52p, 4/19/23
Biden
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doubledog
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5:56p, 4/19/23
Quote:
Biden punishes home buyers with good credit to subsidize those with bad

No ... Prove to me that you will not abuse your credit and mine.
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MemphisAg1
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In reply to Maroon Dawn • 6:01p, 4/19/23
Maroon Dawn said:
Rewarding failure

Punishing success
The Democrat way
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combat wombat™
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6:02p, 4/19/23
Cash is king.
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BCG Disciple
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6:03p, 4/19/23
What is the law and the proposed fee? I see the headlines and the statement of what the impact will be ($40 /mo over 30 years), but I'm not actually seeing what happened so that I can reasonably interpret this news beyond the headline spoon fed to me.
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doubledog
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6:08p, 4/19/23
You know who has good credit...

Paul Pelosi
AOC
Rob Reiner
Woopi Goldberg

Please liberals show us poor slobs the way...

Should I go on..
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Get Off My Lawn
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In reply to Hagen95 • 6:20p, 4/19/23
Hagen95 said:
This makes no sense at all. Who thought this was a good idea?
2008.
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NE PA Ag
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6:20p, 4/19/23
So what happens if someone is in the most 'privileged' position of all, able to pay cash for their home? This abomination of an administration surely must be cooking up a fee or tax to drop into the net closing price, payable to Uncle Sugar.
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Waffledynamics
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6:27p, 4/19/23
Will these ****ing losers just get out of the way and stop making getting a house more difficult?
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B-1 83
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In reply to deddog • 6:27p, 4/19/23
deddog said:
Hagen95 said:
This makes no sense at all. Who thought this was a good idea?
This is about "equity"
No one is stupid enough to think this is a good idea.
Being in TexAgs jail changes a man……..no, not really
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richardag
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In reply to deddog • 6:28p, 4/19/23
deddog said:
Hagen95 said:
This makes no sense at all. Who thought this was a good idea?
This is about "equity"
  • Exactly correct
No one is stupid enough to think this is a good idea
  • Unfortunately there are people that stupid that think this is a good idea and others that are just corrupt.
If any politician spews the bull**** about "equity" do not vote for them, they are either stupid, corrupt or both.
Among the latter, under pretence of governing they have divided their nations into two classes, wolves and sheep.”
Thomas Jefferson, Letter to Edward Carrington, January 16, 1787
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Rockdoc
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6:29p, 4/19/23
It's funny how our liberal friends ignore threads like this.
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videoag98
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6:30p, 4/19/23
Economic illiterates

Here is more info
https://www.mortgagenewsdaily.com/news/01192023-big-llpa-changes

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Engine10
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6:37p, 4/19/23
Quote:
From each according to his ability, to each according to his needs


Just doing it in broad daylight now. Punishing the successful, pragmatic, etc. - rewarding poor planning/decision making.

I get that some are born with silver spoons and others get the short straw, but this just feels wrong.
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frenchtoast
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6:38p, 4/19/23
What's the point of even trying to be responsible these days?
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Detmersdislocatedshoulder
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6:40p, 4/19/23
number 87 on list to destroy America check
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usmcbrooks
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6:41p, 4/19/23
Thank God the grownups are back in charge.
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Rockdoc
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In reply to frenchtoast • 6:42p, 4/19/23
frenchtoast said:
What's the point of even trying to be responsible these days?

Because if you're not responsible and the wrong color, you're out of luck.
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Viper16
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In reply to BCG Disciple • 6:43p, 4/19/23
BCG Disciple said:
What is the law and the proposed fee? I see the headlines and the statement of what the impact will be ($40 /mo over 30 years), but I'm not actually seeing what happened so that I can reasonably interpret this news beyond the headline spoon fed to me.


What law? There is none!
Lex Talionis.......Ordo Seclorum
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Fat Black Swan
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6:50p, 4/19/23
Quote:
Under the new mortgage financing rules, homebuyers with riskier credit ratings and lower down payments will qualify for better mortgage rates and discounted fees.


Yeah, let's invert the risk-return curve, and incentivize people to intentionally have sheety credit.
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