On the other hand, it’s because of the CPFB that one must have absolutely sterling credit to even think about getting a mortgage. Prior to the 2008 housing crisis that led to its creation, banks were handing out mortgages like Halloween candy, all anyone had to do was walk up and say “Trick or Treat!”. Didn’t matter whether or not the person getting the mortgage made enough money to even pay the interest, the mortgage and the house were both there for the taking.
And Kamala’s strategy for relieving pressure on the housing market was a $25,000 credit for first time home buyers?
This was also going to be coupled with a large tax credit to construction companies for building single-family homes and another tax credit for selling them to first-time homeowners.
Taken together, that all sounds pretty good. But I think what really needs to change is zoning laws. The problem is that the federal government has no control over the zoning ordinances of local communities. Hell, state governments barely have control over that. Usually whenever a rezoning of a neighborhood is brought up, it causes a firestorm at city council meetings.
Well, yeah. “House” no longer means “Place where people live”. It’s now defined as “long-term investment/passive income generator”.
I mean, he could, but wouldn’t he need Congress to confirm his appointments? They’d just do what they did while Obama was in office and block any motion for a vote, especially since the Democratic party doesn’t hold a filibuster-proof, 60-member Senate majority. Although, Obama had that and still blew it, the price of believing one can still engage in good faith negotiations with bad faith actors, I’m afraid.
They’re already declaring their intentions to not negotiate with Harris in good faith, should she win the election, and to block all Presidential appointments. Hopefully she will go ahead and do it anyway. SCOTUS does get the final say in what does and does not constitute an “Official Act”, but they don’t have any enforcement mechanism. All they can do is send a strongly-worded letter, asking her to stop, but they can’t force her to stop.
Yeah. Every city in America will have a skid row. Ever seen the movie “District 9”? They kinda want that for America’s homeless and immigrants
Look, I’ve made some bad choices in life. I’m in my 30’s, I live with my girlfriend and her mother, and my credit only just recently got above 600. But because of the rules the CPFB put in place, I’ll be laughed out of ANY bank if I walk in and ask for a mortgage for just a bare plot of land with nothing on it. And maybe I’m being selfish, but the CPFB hasn’t done dick to make home ownership more affordable, or to keep private equity from snatching up all available inventory.