Find another way to improve the housing economy than turning people into lifelong renters without the benefits of a landlord to fix shit.
They're working on another solution, and that solution is get as many illegals/welfare queens/retards out of low value housing to increase the supply of housing. Trump briefly covered this in his address after the NG shooting. But like most times when he talks he never mentions specifics and brushes over complex problems in a single sentence. Here's the solution I'm seeing that's being implemented.
Illegals
Deport them. Ok now you have more low value houses on the market.
Welfare queens
With the changes in SNAP and the increased work requirements you're going to find that alot of these people will no longer qualify for federal housing programs or assistance once they are doing part time at target. So they'll be out of low value houses and pushed into renting, mostly apartments, like everyone else who puts fries in a bag. More low value houses are freed up as a result
Retards et. all
There's way more people right now who 'own' homes than there should be. And that's thanks to the COVID era federal mortgage assistance. That assistance could pay most of a mortgage with some people paying less than 10% of their monthly on a 350k+ home. That assistance ended on the first of November. Give it a little more time and you'll be hearing about lots of defaulting happening. That's even more houses added to the market that should have been available for years.
They're trying to force a market correction via freeing up as much low to mid income housing as possible, through multiple parallel changes that all will impact supply. They're also hoping to force a market correction this was so the correction is billions of dollars lost and not trillions. That's not to say this gambit isn't risky or that it will work. But I can see what they're going for and why they are taking this approach.
I don't see why having the option is a bad thing. Some people will make mistakes. Some will not. You can't bubble wrap the world. You just have to let it be.
No the wrinkly rasin is right, it's retarded. Also it's not going to be an option once implemented. Banks will favor these loans and will push them on first time buyers hard. They'll also use it to justify giving big loans to sub par borrowers. Which will have the opposite effect on the housing market that adding supply would. Supply would dwindle and cost/demand would increase.
@CaliforniaRaisin wasn't trying to bubble wrap the world they were advocating not leaving a bunch of knives on the floor so the retards have easy access to sharp objects.
