Replies to post #755563 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

more than that I think - if I bought a house at max FNMA levels

but I believe that such is the price of being in the top 10% of wealth and income

I can afford it ---- and if it helps stabilize neighborhoods and indirectly helps education and safety ---- I gladly pay it

Note - to be in top 10% does not require as much as some might think

The real income per year or WEALTH is with the 1% --- and then in the top 1/2 of that 1%

From investopedia
According to the Economic Policy Institute, the average annual wage of the top 1% was $823,763 as of 2020.

Top 10% of Earners $173,176 (as a couple or single)

(see the below - which could not have happened if we are screwing the working rich ---- (i.e. the top heavy tax cuts and other factors are making the rich richer and richer and HAVING a growing share of the TOTAL PIE. D or R or R and D the trend is in the below direction - which at some point - explains distorted populaism and at some point people voting in socialists or dictators for relief)

Income disparity is the most dramatic when you look at how the distribution of wages has changed since 1979. As the EPI reports: "The bottom 90% earned 69.8% of all earnings in 1979 but only 60.2% in 2020. In contrast, the top 1% nearly doubled its share of earnings from 7.3% in 1979 to 13.8% in 2020."

https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/

[bradford86]

Yup. We all pay more now thx to national security