Get Ready for another Housing crash thanks to Democrats

This is just another Pavlovian response from the Trump cult. If Biden saved a litter of puppies from drowning in a well, the headline on Fox News would be 'Biden lets dogs go thirsty'. There isn't a single thread of any value started by any member of the cult, and obviously the OP is a member in good standing. They complain about the high cost of housing until Biden wants to do something about it, and then they claim (without a single shred of evidence or understanding) that it will cause a collapse. MAGA is a fucking moron. That's why he's on ignore.
 
cawacko said:
What is your complaint here? That we would actually add supply or the role of the federal gov't in it?
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His complaint is that Biden did something. It does not matter to him WHAT it is. Just that Biden did it. So it has to be evil, stupid and destructive to America.
 
cawacko said:
What is your complaint here? That we would actually add supply or the role of the federal gov't in it?
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Making it easier for people that can't afford a home to buy. That was the issue in 2008, tons of home repossessed because people that could not afford a home were letting them go.
 
MAGA said:
Making it easier for people that can't afford a home to buy. That was the issue in 2008, tons of home repossessed because people that could not afford a home were letting them go.
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I'm not seeing anything in the article referencing financing for individuals to purchase.
 
Concart said:
This is just another Pavlovian response from the Trump cult. If Biden saved a litter of puppies from drowning in a well, the headline on Fox News would be 'Biden lets dogs go thirsty'. There isn't a single thread of any value started by any member of the cult, and obviously the OP is a member in good standing. They complain about the high cost of housing until Biden wants to do something about it, and then they claim (without a single shred of evidence or understanding) that it will cause a collapse. MAGA is a fucking moron. That's why he's on ignore.
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Absolutely brilliant analogy! Thanks, I’m stealing this.
 
cawacko said:
I'm not seeing anything in the article referencing financing for individuals to purchase.
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Not only is there no such reference, but his take on the reason for the 2008 housing crisis is completely wrong as well. There is no point in engaging a brainwashed parrot. They'll just keep asking for a cracker. What is suggested is that it will be easier to purchase rental properties. Those are not purchased as a homestead. They are purchased for the purpose of renting them out. That's why they're called... you know.... rental properties. There is a housing shortage, which drives up prices. The cult howls. The administration attempts to ease the shortage. The cult howls. They should be ignored. Just my two cents.
 
Phantasmal said:
Absolutely brilliant analogy! Thanks, I’m stealing this.
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Cumcart is lying again as no one here has complained about the high cost of housing, I keep Cumcart on ignore as he is a whiney bitch without substance. If he actually had me on ignore he would not have replied proving he is a liar.
 
cawacko said:
I'm not seeing anything in the article referencing financing for individuals to purchase.
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Financing them to rent is in there and the other will follow, it will be hidden in the legislation just like charging people for every mile driven was on page 2700 of the infrastructure bill
 
MAGA said:
Financing them to rent is in there and the other will follow, it will be hidden in the legislation just like charging people for every mile driven was on page 2700 of the infrastructure bill
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According to the article it's not financing for individuals rather for the supply side. That doesn't necessarily make it good legislation but it's not close to the same as financing for individuals during the bubble.
 
MAGA said:
Biden White House to unveil steps aimed at easing housing supply shortage

https://www.foxbusiness.com/politics/white-house-housing-supply-shortage-biden
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Well the problem is- America is experiencing the very worst inflation of Real Estate and Rental prices- creating a huge bubble where boon is about to bust. This is great if you are a home owner- But a crisis to those who aren't. Home ownership is being priced out of the market for the average wage owner today.

And don't give me this shit about this being Biden's fault, as Real Estate prices have been sky-rocketing on an upward mobility for the last 6 years- JUST AS THE STOCK MARKET HAS!

And don't give me this shit about the price of gasoline is what is causing our nation's inflation. Because that is total political BULLSHIT! Because, the overall inflation is being caused mostly by the HOUSING MARKET RUNNING AWAY WITH ITSELF.

Unfortunately one flaw in the Free-Enterprise system, is this human attitude flaw (let's just call it a phenomena) that always seems to inevitably and most assuredly creep into the process- and that is, "I got mine- SO FUCK YOU"!

And that attitude ends up dividing our nation into the "Haves" and the "Have Nots"- the rich and the poor- the home owner vs. the HOMELESS!

If and when our politicians we send to Washington have this attitude, of "I got mine- SO FUCK YOU" attitude- our country is doomed!

I am glad that Biden does not possess this attitude and is trying to do something about the housing crisis in America!
 
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cawacko said:
According to the article it's not financing for individuals rather for the supply side. That doesn't necessarily make it good legislation but it's not close to the same as financing for individuals during the bubble.
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wait till it is written, Democrats never adhere to their public announcements
 
Geeko Sportivo said:
Well the problem is- America is experiencing the very worst inflation of Real Estate and Rental prices- creating a huge bubble where boon is about to bust. This is great if you are a home owner- But a crisis to those who aren't. Home ownership is being priced out of the market for the average wage owner today.

And don't give me this shit about this being Biden's fault, as Real Estate prices have been sky-rocketing on an upward mobility for the last 6 years- JUST AS THE STOCK MARKET HAS!

And don't give me this shit about the price of gasoline is what is causing our nation's inflation. Because that is total political BULLSHIT! Because, the overall inflation is being caused mostly by the HOUSING MARKET RUNNING AWAY WITH ITSELF.
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I will give you the Democrats answer about high gas prices - supply and demand. House above 300k are lasting less than a week before going under contract here, my wife and I are building as the market was so shallow and we could build for a little more per Sq ft than we could buy. I sold my home already and it brought 45% more than I paid, hers will as well and we will have a brand new home. We are super excited!
 
MAGA said:
wait till it is written, Democrats never adhere to their public announcements
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The devil is in the detail with all legislation of course, and I'm not saying this good legislation, but I'm still not understanding the principle behind your displeasure here. You don't like additional financing to add to supply or you don't like the way the financing is structured?
 
MAGA said:
I will give you the Democrats answer about high gas prices - supply and demand. House above 300k are lasting less than a week before going under contract here, my wife and I are building as the market was so shallow and we could build for a little more per Sq ft than we could buy. I sold my home already and it brought 45% more than I paid, hers will as well and we will have a brand new home. We are super excited!
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Thanks for sharing! And you are right about building your own. I mean, being your own general contractor is always the best way to go- always has been- in terms of money in the bank. And I will personally congratulate you on your success!

But for some people or young families trying to start out with a first home- they don't normally have the capital to do this. SO this option is just not available to them. So I'm sure you are thankful for your head start and good fortune to be able to do this.

I mean- home ownership is not always or ever is possible for everyone- and getting harder to come by anytime the Real Estate market starts to run away with itself. And because of this- renting becomes the only other choice of getting a roof over their head. You may have children or even grandchildren that are in this situation at this time. I know I do!

But now the rental market is also running away with itself in lock step as well.

I suppose this is the reason why the FHA was created, and there must be some kind of FHA help in getting people off of the street and into a roof over their head. We must invest in our young and old people- because our people are good investments in the long run!
 
cawacko said:
What is your complaint here? That we would actually add supply or the role of the federal gov't in it?
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its exactly what Clinton did to create the 2008 real estate market crash.......don't mess with the Fannies and Freddies to increase the ability of low income earners to get mortgages.......
 
MAGA said:
Making it easier for people that can't afford a home to buy. That was the issue in 2008, tons of home repossessed because people that could not afford a home were letting them go.
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No. That wasn't the issue in 2008. The issue was selling mortgage backed securities that were falsely labeled as AAA. This allowed for fraud by mortgage companies that failed to meet the standards required for loans that they resold. If all loan applicants were required to meet the FHA standards in 2008 there would have been no market crash. FHA didn't allow for NINJA loans. Only the private mortgage companies did that.
 
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