LOL. It's what is referred to as (drum roll please) liberal logic. These people keep shooting themselves in the foot with every policy move, There's no thinking analytically about cause and affect, or future repercussions. They think only about what they want to do now to get a vote and stay in power period, any affect later be damed, lol. it's why things like housing are such a mess and EXACTLY why you don't want this administration doing anything to the GSE's situation. Wait until the next administration, and hopefully it's a far more common sense group of people....minus the string pullers and DEI groupies.
example: this inflation is barely understood by the current administtrations voting base, they do not comprehend that inflation is CUMULATIVE (sticky), never comes down, only goes up - unless you have a period of disinflation, which is dangerous. What they also don't understand is this administration promised not to tax anyone making under 400k! lol, lol LIARS. Inflation IS a tax, but here is the worst part....Everyone's homes have been reassessed over the past few years and all that inflation over the past few years has been incorporated in to your (drum roll again please) PROPERTY TAXES, which are getting very unaffordable and is something new buyers get slammed with when buying a place, because the taxes catch up. So much for not raising taxes on the lower and middle class. THEY knew this would happen, but due to their obfuscated talking points semantics and deep economic incomprehension of their base, they got away with it. Their base does not realize it yet possibly, but they've been super duped. Those property taxes hardly ever come down, just like increased food prices.
Some would cry about this being a political posting, but it is not. It is facts on why you do not want this admin doing any release with a 10 ft pole with the GSE's, that's my opinion, but I would cahallenge any Voter of the current administration to prove me wrong on inflation, high food prices and high property taxes, which all affect affordability of buying a home. Paying a weeks pay for groceries for a family of four and high property taxes gives you a whole lot less for a mortgage payment to build equity.
“If liberty means anything at all, it means the right to tell people what they do not want to hear.” “I disapprove of what you say, but I will defend to the death your right to say it.”
