https://theconservativetreehouse.com/blog/2023/04/20/about-the-new-affordable-housing-fees-on-mortgages-that-punish-high-credit-borrowers/
About The New “Affordable Housing” Fees on Mortgages that Punish High Credit Borrowers
April 20, 2023
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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.
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 need to turn those appreciated real estate assets into capital outcomes. They need to sell the real estate. However, the assets are now at maximum appreciation and dropping as a result of the central banking moves to raise borrowing rates.
How do they exit the investment? They need a mechanism – a new policy to create the financial instrument that transfers the increased investment wealth back into their hands.
They need buyers.
How do they get buyers? They create new policy.
That’s what is behind this new FHFA rule. Fannie Mae and Freddie Mac will create a new category of buyers that allows the investors to sell the real estate assets at higher appreciated values and exit their investment. They will transfer the depreciating loss of the asset to the new buyers, like a game of hot potato.
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In politics and economics, a Potemkin village is any construction (literal or figurative) whose sole purpose is to provide an external façade to a country that is faring poorly, making people believe that the country is faring better.