Author Topic: Exclusive — Robert F. Kennedy Jr.: Use Gov’t Bonds to Help First-time Home Buyers  (Read 433 times)

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Exclusive — Robert F. Kennedy Jr.: Use Gov’t Bonds to Help First-time Home Buyers

Breitbart News 4 Sep 2023

Democratic presidential contender Robert F. Kennedy Jr. said this weekend that the government should assist first-time home buyers by offering them discounted 3% mortgages, financed by selling tax-free U.S. Treasury bonds.

Kennedy described his policy during the Breitbart News Labor Day Special  on SiriusXM Patriot 125 with host Joel B. Pollak. The policy is one of several economic policies Kennedy is highlighting as part of a Labor Day push.

“I’m gonna give everybody a ‘rich uncle’ — it’s gonna be Uncle Sam,” he said. “I’m going to have Uncle Sam cosign those mortgages. This new class of mortgages is going to be for single-home buyers in those communities who are going to live and work there.”

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https://www.breitbart.com/politics/2023/09/04/exclusive-robert-f-kennedy-jr-use-govt-bonds-to-help-first-time-home-buyers/
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Offline mountaineer

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I’m going to have Uncle Sam cosign those mortgages.
If we had a free market economy, would there be any involvement whatsoever by the federal government in the home buying or financing process?  :shrug:
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Offline catfish1957

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Maybe one of the most puzzling devleopments of the past year or 2, is why in God's Green Earth Conservatives are giving this guy a voice.

Truth is, he outside the vax issue, he is pretty much Bernie Sanders.
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Offline mountaineer

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Maybe one of the most puzzling devleopments of the past year or 2, is why in God's Green Earth Conservatives are giving this guy a voice.

Truth is, he outside the vax issue, he is pretty much Bernie Sanders.
I guess he can't help it, but it's a very annoying voice, at that. I can't stand to listen to him. And, yes, he's too the left on just about every other issue.
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Offline LMAO

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Maybe one of the most puzzling devleopments of the past year or 2, is why in God's Green Earth Conservatives are giving this guy a voice.

Truth is, he outside the vax issue, he is pretty much Bernie Sanders.

Too many conservatives also do the same thing with Tulsi Gabbard
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Maybe one of the most puzzling devleopments of the past year or 2, is why in God's Green Earth Conservatives are giving this guy a voice.

Truth is, he outside the vax issue, he is pretty much Bernie Sanders.

 :yowsa:

Not just puzzling, but scary at hell if you're a conservative. Shows how so many people allegedly on "the right" are no longer actually thinking things through.  They're just reacting to headlines and soundbites.  I mean, if people who generally share our values are so easily taken in by a guy who says one thing with which they agree, what hope do we really have?

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Too many conservatives also do the same thing with Tulsi Gabbard

To me, she's the perfect litmus test for whether someone is a conservative, or a populist.

Offline Hoodat

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Democratic presidential contender Robert F. Kennedy Jr. said this weekend that the government should assist first-time home buyers by offering them discounted 3% mortgages, financed by selling tax-free U.S. Treasury bonds.

So let's think about how this will work.  First of all, you have a Fed that has intentionally driven up interest rates in order to drive up unemployment and counter the inflationary pressure they themselves have created with the 'printing of the money'.  Now the Treasury will offer bonds to investors at the higher rates created by the Fed while they continue to print new money to finance their own expenses.  The money generated from the sale of these bonds will then be used to pay down points up front to large banks and mortgage companies so that lower rates can be offered.  Big Finance has gotta love that.

Meanwhile, the Federal Government continues to punish people with good credit by making them pay a penalty when they purchase a mortgage so that people with bad credit can also get lower rates.
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Federal Housing Authority (FHA) already exists.

Depending on your zip code or region loan amounts are near a half-million dollars.
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So let's think about how this will work.  First of all, you have a Fed that has intentionally driven up interest rates in order to drive up unemployment and counter the inflationary pressure they themselves have created with the 'printing of the money'.  Now the Treasury will offer bonds to investors at the higher rates created by the Fed while they continue to print new money to finance their own expenses.  The money generated from the sale of these bonds will then be used to pay down points up front to large banks and mortgage companies so that lower rates can be offered.  Big Finance has gotta love that.

Meanwhile, the Federal Government continues to punish people with good credit by making them pay a penalty when they purchase a mortgage so that people with bad credit can also get lower rates.

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