by Sundance at The Conservative Treehouse
Stop looking at the Washington DC Potemkin village; start looking at the financial system behind it that controls it.
You may recently have seen this story:
WASHINGTON DC – 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. (read more)
If you focus on the DC Potemkin Village, you view this move through the prism of Biden’s FHFA creating a policy to favor low-income (nonwhite) voters by punishing stable credit worthy borrowers. That’s what the powers who control the levers, and create policy, want us to focus on. That’s not what is going on.
Biden doesn’t control anything. Biden is a puppet to the multinationals that control DC policy. When Biden was installed, the people who control the money and wealth (Blackrock, WEF assembly etc.), the people behind the Potemkin Village, knew what the larger economic agenda would create.
{GO DEEP}.
They knew BBB, or Green New Deal policy, combined with excessive govt spending would generate inflation. They moved their money from inflation sensitive liquid and paper assets, into real estate. Inflation raged, liquid assets depreciated, real assets (real estate) surged. 25% of housing was bought with investment dollars by institutional investors, housing prices skyrocketed – their investments increased accordingly.
The financial control operators avoided the consequences of the government policy they controlled.
Now, those same institutions…
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