Leadership Lessons To Help Your Career Take Flight (with Oscar Munoz)
The Stacking Benjamins Show
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Biden Housing Rule: $14,000 Tax on Good Credit Home Buyers
A new Biden housing rule is coming May 1st that amounts to a $14,000 tax on good credit home buyers and threatens to replay the entire 2008 financial crisis in double time. The new rule means anybody with a credit score over 680 or who makes a meaningful down payment will pay $14k more on a house while anybody with low credit gets subsidized. This is from a risk perspective bonkers. It is paying people to take on loans they can't afford. And it's paying banks to crank out systemic risk all while literally hitting people with a $14K fine for paying their bills on time and for saving up for a down payment in the first place.
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