We can revisit this blog in about 5 years and see how well it aged.
The Biden administration instructed the FHFA to REDUCE rates by 1.75% for those with shit credit scores of 620 and lower while at the same time INCREASING it by 1% for people above 680. Most attacked are those with scores of 680+ who put down between 15-20%, aka the middled class.
It will equate to, on average, about $500 to $1200 per annum in additional fees for the middled class — while only delaying the inevitable FORECLOSURE for the morons with low scores — which will severely hurt everyone years down the road in what is sure to be MORE govt bailouts.
The problem with idealogues is they’re stupid and let their perverted little communist brains get in the way of sound logic. If you reward the weakness amongst your populace, you will become a dysgenic society of spend-thrifts and grifters — encouraging those who put their shopping carts back in the parking lot of their local grocery stores to say “fuck it” and throw it into oncoming traffic.
The pigs in DC claim this is to settle the score for equity and permit PERSONS OF COLOUR to get in at the bargain basement discount rates. The average credit score for the whites is 727, Hispanics 667, and the blacks 627. If you’r wondering about the asians — that would be 745.
Whilst we do not believe in crazy theorems such as intelligence quotients or credit scores, it would BEHOOVE you to not see the correlation — if only for a brief moment.
The appropriate course of action would be to send 1 or 2 less missile systems to Ukraine and let the poors get their discounts without making up for it by taxing those paying their water bills on time.
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holy shit!
They are stupid people. Highly educated people make huge mistakes.
They aren’t stupid. The “limited” government we have “elected” will do anything in their power to decrease your individual freedom, so that they increase their power and your tax wages.
I digress. We need to mock the everliving shit out of these lunatics.
This will get challenged in the courts and shot down. He has no authority to demand this crap but he’s doing it be able to say that he tried to help those less fortunate.
It’s all by design. The destruction of the US that is.
The move is limited to purchases of over $400k houses which is especially bizarre until you realize it’s a policy designed to float urban insolvency for just a few more years.
There’s no end game. They just want a few more years.