Consequences for the cowtown property owning class . . . Blooomberg has a bit more on this . . . But here's the local angle: Trump executive order affects local homebuyers
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ReplyDeleteproves media can't present financial stuff well.
ReplyDeleteAccording to King James all kids want is an internet connection and toy train.
ReplyDeleteAnd my god we're gonna give it to them!
Well there ya go folks. Higher mortgage payments are makin' America great again.
ReplyDeleteAnd weez gittin deez sewers fixed round here.
ReplyDeleteKeepin it Frosty!
7:58 needs to improve his reading comprehension skills.
ReplyDelete12:00 thats no shit
ReplyDeleteSo much thought went into O's last minute exec order. For those of you who need a history lesson please recall the $1.7 billion bailout:
ReplyDelete"As a reminder, following the housing crash, the FHA came under severe stress and in 2013 it received $1.7 billion from the U.S. Treasury, its first bailout in 79 years, due to a wave of defaults. To replenish the FHA’s coffers, the Obama administration several times increased the fees the agency charges. The law requires the FHA’s capital reserve ratio to stay above 2 percent, and the agency hit that level in 2015 for the first time since the bailout."
..."the decision has zero impact on any homebuyers as the fee cut had not even been implemented before its was overturned, although we would be very concerned about the state of the US housing market if $500/year is all it takes to swing one's decision in favor of buying a house, and as such would be even more concerned about the pain awaiting the FHA, which was already bailed out once after the last financial crisis."
I'm not interested in bailing out entire generation of snowflakes raised to be flakes. Penalty of cash available for a $6 cup of coffee.
read the wall street journal article on this. it wasn't political, it was common sense.
ReplyDeleteOh yeah! He took back our money that Obamy tried to toss away to the nogs, who seldom make a mortgage payment anyway. I didn't see Obamy helping the retirees who virtually financed these shitty credit risks with their retirement during the 2008 fiasco. Nogs were not making their mortgage payments in that mess either - for those who don't have fucking libtard dementia. I guess it is the Republicans fault that the African'ts were not put on notice that they actually have to pay back money they borrow.
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