Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
We need a general tweet of the day thread
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Define "healthy democracy". Lady. These Commies are always calling for "structural" change because it makes them sound smart to the DIM base of uneducated nose pickers.WestlinnDuck said:
Or we could have a national vote on open borders? All those in favor ....PurpleThrobber said:
Someone needs to explain to this cunt the difference between a constitutional representative republic and a majority democracy -
What could go wrong?
https://lawliberty.org/federal-housing-regulators-have-learned-and-forgotten-everything/
Federal Housing Regulators Have Learned and Forgotten Everything
Should the government subsidize buying houses that cost $1.2 million? The answer is obviously no. But the government is going to do it anyway through Fannie Mae and Freddie Mac. The Federal Housing Finance Authority (FHFA) has just increased the size of mortgage loans Fannie and Freddie can buy (the “conforming loan limit”) to $970,080 in “high cost areas.” With a 20% down payment, that means loans for the purchase of houses with a price up to $1,212,600.
Similarly, the Federal Housing Administration (FHA) will be subsidizing houses costing up to $1,011,250. That’s the house price with a FHA mortgage at its increased “high cost” limit of $970,800 and a 4% down payment.
The regular Fannie and Freddie loan limit will become $647,200, which with a 20% down payment means a house costing $809,000. The median U.S. price sold in June 2021 was $310,000. A house selling for $809,000 is in the top 7% in the country. One selling for $1,212,600 is in the top 3%. To take North Carolina for example, where house prices are less exaggerated, an $809,000 house is in the top 2%. For FHA loans, the regular limit will become $420,680, or a house costing over $438,000 with a 4% down payment—41% above the national median sales price.
Average citizens who own ordinary houses may think it makes no sense for the government to support people who buy, lenders that lend on, and builders that build such high-priced houses, not to mention the Wall Street firms that deal in the resulting government-backed mortgage securities. They’re right.
Fannie and Freddie, which continue to enjoy an effective guarantee from the U.S. Treasury, will now be putting the taxpayers on the hook for the risks of financing these houses. Through clever financial lawyering, it’s not legally a guarantee, but everyone involved knows it really is a guarantee, and the taxpayers really are on the hook for Fannie and Freddie, whose massive $7 trillion in assets have only 1% capital to back them. FHA, which is fully guaranteed by the Treasury, has in addition well over a trillion dollars in loans it has insured.
By pushing more government-sponsored loans, Fannie, Freddie, its government conservator, the FHFA, and sister agency, the FHA, are feeding the already runaway house price inflation. House prices are now 48% over their 2006 Housing Bubble peak. In October, they were up 15.8% from the year before. As the government helps push house prices up, houses grow less and less affordable for new families, and low-income families in particular, who are trying to climb onto the rungs of the homeownership ladder. -
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I had to go to Zone of Auto for antifreeze. They of all stores required face diapers. I just totally ignored it. So did most customers I saw.
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I was there yesterday. Staff and customers had naked faces. They were killing each other. Obviously.Fire_Marshall_Bill said:I had to go to Zone of Auto for antifreeze. They of all stores required face diapers. I just totally ignored it. So did most customers I saw.
https://youtu.be/bvXkNrlDk1M
