Note the complete absence of any mention of housing prices in this article (and every other pro-Biden article about how great the economy is and why we should be grateful).
Drop in the bucket, the issue is with zoning and how banks are apportioning debt and packaging home loans.
If we want home ownership to be available to the common person, and are unwilling to set a realistic national wage, we should just allow the Fed to issue home loans again and get rid of the middlemen all together.
Biden has done something to reduce housing prices, which was my point. It’s a whole different argument to say he hasn’t done enough or has done the wrong things - fine, I was just saying it’s unfair to say he has done nothing to help.
Zoning and loan structure isn’t nearly the problem that wealth inequality is. Tax the fuck out of the upper income brackets, and put it in the hands of consumers to spend and drive the economy and buy fucking houses.
Hey, thanks for the respectful reply. I apologize for the delay in mine.
I believe we’re saying pretty much the same thing.
Banks being able to set rates based on debt and the nebulous policy of a credit score, feed into wealth inequality, especially as to how it relates to home ownership.
Yes you are absolutely correct that the one main problem in the US today is wealth inequality. There is no arguing that. However, likely policy that has historical reference would be bringing back something akin to the Fannie Mae of the 1930’s but instead of paying the the Banks to service the loan, the Fed would take on the debt itself and would escrow the sale between the home owner and the home buyer.
The reason I bring up the Great Depression is because as you’ve pointed out, the wealth inequality gap is growing, at a similar rate as to what led to the Great Depression. Unregulated securities are being traded by common folk and there’s a looming sea change as to what employment will look like.
Unfortunately for us both, we live in interesting times.
Have you heard of executive orders? Sure he can’t do it directly, but imposing a 100% tax on corporations/individuals buying more than a certain number of residential properties? A large tax on rental income from residential properties? Quit acting like he’s powerless.
Note the complete absence of any mention of housing prices in this article (and every other pro-Biden article about how great the economy is and why we should be grateful).
Didn’t we change the rules for realtors to reduce their commissions?
Drop in the bucket, the issue is with zoning and how banks are apportioning debt and packaging home loans.
If we want home ownership to be available to the common person, and are unwilling to set a realistic national wage, we should just allow the Fed to issue home loans again and get rid of the middlemen all together.
Respectfully, two things:
Hey, thanks for the respectful reply. I apologize for the delay in mine.
I believe we’re saying pretty much the same thing. Banks being able to set rates based on debt and the nebulous policy of a credit score, feed into wealth inequality, especially as to how it relates to home ownership.
Yes you are absolutely correct that the one main problem in the US today is wealth inequality. There is no arguing that. However, likely policy that has historical reference would be bringing back something akin to the Fannie Mae of the 1930’s but instead of paying the the Banks to service the loan, the Fed would take on the debt itself and would escrow the sale between the home owner and the home buyer.
The reason I bring up the Great Depression is because as you’ve pointed out, the wealth inequality gap is growing, at a similar rate as to what led to the Great Depression. Unregulated securities are being traded by common folk and there’s a looming sea change as to what employment will look like.
Unfortunately for us both, we live in interesting times.
Please explain to me how Biden can control housing prices.
Ban corporations from owning housing.
So you want the President to do Congress’ job?
The president can’t do that
Now that we have an emperor I think the sky’s the limit lol
Nah, the supreme court would deem it not an official act of the president and reverse it.
They’re majority traitor, so their ruling only benefits Trump.
Why can’t we have anything nice:(
Have you heard of executive orders? Sure he can’t do it directly, but imposing a 100% tax on corporations/individuals buying more than a certain number of residential properties? A large tax on rental income from residential properties? Quit acting like he’s powerless.
The President can’t impose taxes, bud. That’s Constitutionally delegated to Congress.
Now, if you said “use the military to arrest any corporation that owns more than five residences” you would have a case.