Should every American family be forced to pay a new $40/month tax to help people with bad credit buy homes? . . . NO? What if we used a grandather clause?

Should every American be forced to pay a new $40/month tax to help people with bad credit buy homes?
No? Okay.

What if had a grandfather clause by exempting families until they buy a home and THEN charge them $40 month. I mean, you know. It’s only $40 a month that’s the cost of sponsoring a shelter dog, or two Netflix subscriptions.

Is charging every family who buys a home to pay $40/month to subsidize folks with bad credit isn’t too much to ask?

As long as we don’t call it “a tax” it does not even need Congressional approval (pesky old Constitution anyway.)


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From the article

Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.

The fee changes will go into effect May 1 as part of the Federal Housing Finance Agency’s push for affordable housing, and they will affect mortgages originating at private banks across the country. The federally backed home mortgage companies Fannie Mae and Freddie Mac will enact the loan-level price adjustments, or LLPAs.

Mortgage industry specialists say homebuyers with credit scores of 680 or higher will pay, for example, about $40 per month more on a home loan of $400,000. Homebuyers who make down payments of 15% to 20% will get socked with the largest fees.

More illegal Biden crap that will be stuck down by the court.


But not before some retard decides to vote for the gravy man. :wink:


In addition, it fails as a weapon against the rich, I don’t need a loan to buy a house.


Literally that’s the modus operandi of today’s Democrat Party. Find ways to keep offering free stuff to as many as possible in order to buy votes. They’re ■■■■■■■ pathetic.


Student loan forgiveness anyone?


Here’s even better:


There’s a reason these phony asylum seekers skipp over multiple countries to come here.


Not just no. But ■■■■ no.

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It’s not a tax if they use a thesaurus before naming it.

Expensive government-subsidized mortgages for people with bad credit? What could go wrong? :joy:


It’s not “every American”.

I think if you are for it, go ahead and pay for it.

This whole thing is idiotic. It will not doubt cost him some anybody but Trump votes he got last time.

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Well that’s true you can avoid by

  • keeping your credit mediocre
  • not buying a home
  • moving out of the country.

On the other hand children in divorced families will find their families pay the $40 twice. So will any family with a second home, summer home, air BnB home etc…

Only the ones who have been responsible and established good credit.



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Well, if we are going to be outraged, let’s at least tell the truth about it.