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re: I posted on PoliBoard, but you OT ballers will like it, too
Posted on 12/14/15 at 11:14 am to anc
Posted on 12/14/15 at 11:14 am to anc
3% of $250K is $7500 dollars.
You're going to have people putting down $7500 on a $250,000 house.
These people are ALL going to default! I mean is that part of the plan?
You're going to have people putting down $7500 on a $250,000 house.
These people are ALL going to default! I mean is that part of the plan?
3
Posted on 12/14/15 at 11:20 am to LSUTigersVCURams
quote:
These people are ALL going to default! I mean is that part of the plan?
Yes. The people default on a loan backed by the government, so the government now owns the property.
The government then re-purposes the land for Section 8 and housing projects and moves those that defaulted back into the area, on the tax payers dime. The tax payers are then: paying for the remaining loan that defaulted as well as the people living in the house.
This happens in a neighborhood or two and before you know it, the federal government outright owns entire neighborhoods in key voting demographics.
Welcome to the New World Order.
Posted on 12/14/15 at 11:27 am to LSUTigersVCURams
"HomeReady will be available to borrowers at any income level for properties in designated low-income census tracts..."
No-one is buying a house for 200 thousand on this type of loan. Secondly a quick google search would give you the actual info on this type of loan, you'll also notice that this is not new to the industry.
but keep hating the poor and wanting them to waste money renting every month.
No-one is buying a house for 200 thousand on this type of loan. Secondly a quick google search would give you the actual info on this type of loan, you'll also notice that this is not new to the industry.
but keep hating the poor and wanting them to waste money renting every month.
This post was edited on 12/14/15 at 11:33 am
Posted on 12/14/15 at 12:10 pm to LSUTigersVCURams
quote:
3% of $250K is $7500 dollars.
You're going to have people putting down $7500 on a $250,000 house.
These people are ALL going to default! I mean is that part of the plan?
I put down 3.5 on a 260 k house in April and I have no problem paying my mortgage.
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