Kamala to give $25k to 1st time home buyers, 🚫🐝
(twitter.com)
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Bold move. That'll bring down the principal by 5% and drop the 6.5% mortgage rate for those with very good credit down about 200/mo on a 450k house. Most of the people still listening to have credit scores that'll = 10% mortgages save the elites.
Desperation move
Targeting the 20-30 yr olds. Most who have excellent or good credit probably have a home. Wont go well when sub prime bursts! Thats when the real money will move on housing (investment)
Love the stock image: https://www.bankrate.com/mortgages/what-is-a-subprime-mortgage/
😂
One two, or three homes.
Doesn't matter, the lender sells it off to some one else who sells it and so on, at the end of the day, retirement accounts and others suffer the loss.