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TRASHFUTURE

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The Tories' Proposal for a State-Backed Mortgage Insurer in 2023

The price of housing can never be allowed to go down. And also, we can't spend any money on it. What we are going to do is this strange financial trick where people are just going to be able to get into more debt essentially. The idea that in 2023, that we are looking at creating a kind of pre bailed out Fannie Mae and Freddie Mac is astonishing to me. It's like the casino must continue because I mean, they were they were talks about making 40 year mortgages, for example.

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