CURES
MARIA: WELCOME BACK UP
MARCH EXISTING HOME SALES OUT
10 A.M. OR AN PRICES EXPECTED
TO COME DOWN 1.7% MORTGAGE
RATES SPIKING UP TO 6.43%
YESTERDAY AS BIDEN
ADMINISTRATION, IS PLANNING TO
FORCE HOME BUYERS WITH GOOD
CREDIT TO MAY MORE FOR
MORTGAGES SO THEY CAN
SUBSIDIZE THE LOANS OF HIGH
RISK BORROWERS EXPERTS
ESTIMATING GOOD CREDIT BUYERS
COULD PAY 40 DOLLARS
ADDITIONAL A MONTH ON 400,000
DOLLAR MORTGAGE IN EFFECT ON
MAY 1, SUBSIDIZING THOSE
HOMEOWNERS WHO PROBABLY SHOULD
NOT HAVE MORTGAGE IN THE FIRST
PLACE.
>> WE’VE SEEN THIS BEFORE,
PEOPLE, SUBSIDIZED WHETHER
AUTOS, HOMES, THEN DEFAULT, SO
JUST COMES BACK TO BITE YOU
AGAIN, ANOTHER, SUBSIDY TO BUY
VOTES RIGHT I DON’T KNOW WHAT
GOOD CREDIT IS FICA SCORE
DETERMINES THAT A PRICE LEVEL
THE BUYER I MENTIONED EARLIER
ABOUT L.A. THEY HAVE THIS,
RULE AFTER NOW IF YOU SELL
YOUR HOUSE FIVE MILLION
DOLLARS YOU GOT TO GIVE
GOVERNOR 250,000 FOR HOMELESS.
MARIA: UNBELIEVABLY.
>> LIKE LOCKED UP IN HOME.
>> STUDENT LOANS BEFORE
ELECTION KAYLEE IT WAS,
TELLING YOUNG PEOPLE THAT I AM
GOING TO FORGIVE DEBT, SPARKED
YOUNG PEOPLE TO VOTE FOR JOE
BIDEN.
>> I THINK OF THIS RULE THE
SAME WAY THAT I EVEN THINK OF
THE ELECTRIC VEHICLE PUSHF A
DIRECT SEGMENT TO INJECT
SOCIALISM INTO THE COUNTRY
DELIBERATELY INTVRZ TO FORCE
MARKET TO ACT TO WHIMS INSTEAD
OF ALLOWING CONSUMERS TO
DECIDE WHAT THEY WANT TO BUY,
CAR, WHO GETS MORTGAGES
GOVERNMENT SHOULD NOT ABOUT
CONTROL OVER MARKET SHOULD
DETERMINE DIRECTION BIDEN
ADMINISTRATION TRYING TO
CHANGE THAT.
MARK: WE MENTIONED STUDENT
LOAN CAB DRIVERS NEVER WENT TO
COLLEGE SUBSIDIZEING THAT
STUDENT LOAN DEBT, RIGHT?
IN THIS SITUATION WE ARE THIS
BIDEN ADMINISTRATION, MORE AND
MORE OFTEN MAKING DECISIONS,
TO REWARD BAD DECISIONS, THAT
IS NOT THE WAY YOU GROW AS A
COUNTRY, AS ECONOMY,
ESSENTIALLY SAYING HEY IF YOU
SPEND RECKLESSNESS LIVED ABOVE
MEANS STOPPED MAKING PAYMENTS,
HAVE NO FEAR SOMEONE WHO HAS A
DONE IT RIGHT WAY IS GOING TO
PAY FOR I, THAT IS NOT THAT IS
NOT WHAT CAPITALISM IS ALL
ABOUT PUTS US IN A SITUATION,
WHERE, THERE IS NO THE
CONSEQUENCES WHEN YOU MAKE
THAT DECISIONS.
MARIA: NO.
>> MY WIFE AND I WHEN WE MOVED
TO CLEVELAND IN 70S PAYING
18%, SO NO ONE GAVE ANYTHING
YOU YOU STRUGGLED WORLD
THROUGH IT.
MARIA: NOT WHAT
ADMINISTRATION WANTS, WHAT IS
THE MARKET LOOKING LIKE RIGHT
NOW IN I GUESS WHEN YOU GET UP
TO 6.43% ON MORTGAGE RATES UP
TO 7% YOU SEE A FREEZE IN THIS
MARKET EVEN THOUGH, 18% YOU
ARE TALKING ABOUT --
>> AFFORDABILITY ALL-TIME LOW
YOU HAVE HIGHER MORTGAGE RATES
HOME PRICES ELEVATED WHAT YOU
ARE SEEING YOU’VE GOT REAL
ESTATE MARKET BASICALLY AT A
STANDSTILL BECAUSE SELLERS
DON’T WANT TO LOWER PRIZE THEY
KNOW WHAT A NEIGHBOR SOLD FOR
NINE MONTHS AGO DON’T WANT TO
LOWER PRICE BUYERS DON’T HAVE
POWER THEY USED TO HAVE, SO
TRANSACTIONS AREN’T HAPPENING
THROW IN EXISTING HOME
INVENTORY, IS AT ALL-TIME LOW,
THEN LOOKED AT RECENT DATA FOR
BUILDING PERMITS HOUSING
STARTS, NOT BUILDING NEW
HOMES.
MARIA: RIGHT.
>> PERMITS DOWN HOUSING THIS
IS A BIG PART OF OUR GDP
EXPERIENCE COULD HAVE
DEVASTATING IMPACT FURTHER.
MARIA: WHEN YOU THINK HOME