[quote=XBoxBoy][quote=aldante]The fed takes my tax money…drives up local real estate prices and forces my cost of living higher becasue real estate “should be worth X”.[/quote]
The incredible irony of this is that for many years the
stated purpose
of government housing policy was to lower the cost of houses so more people could afford them. Unfortunately, this policy didn’t work out as intended. And now the irony is that they are doing everything they can to keep prices high.
[/quote]
Highlighted the key point there.
It was never about “making homes more affordable,” IMHO. The banks own the govt, and the banks created programs, via the govt, which funneled money from taxpayers to housing, driving prices UP. That means Joe Sixpack had to take on ever higher debt in order to buy the newly “affordable” home. Banks like debt! 🙂
