As the Gateway Pundit recently reported, the state of California is going down the road that led to the 2008 financial crisis, by letting people buy more house than they can afford.
Now a former advisor to Joe Biden is suggesting a nationwide policy of letting people buy a house with just $1,000 down.
This is their fix to the housing crisis. They want to repeat bad history.
From Newsmax, via Yahoo Finance:
Former Biden economic adviser Lael Brainard is proposing a new federal mortgage program that would let qualifying first-time buyers purchase a home with just $1,000 down, financed through higher mortgage insurance fees, Bloomberg reports.
The Ki…
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