Fiat Shenanigans ๐Ÿคก๐ŸŒŽ's avatar
Fiat Shenanigans ๐Ÿคก๐ŸŒŽ
lprimordium@getalby.com
npub1p5ry...5ksj
I say shit about shit
If a politician like Kamaliar fails to clearly articulate their policies, it's not due to a lack of communication skills. She has people working for her who are highly skilled in communication techniques. It is deliberate obfuscation, because her policy goals are not in the best interest of American citizens.
A 20% down payment on a house means that the value of the house can fall by almost 20% before the homeowner is underwater on their mortgage. It protects both the buyer and the bank. By not requiring a down payment, the bank is gambling that the value of the home will continue to rise.
Banks are starting to do the same shit that led to the 2008 financial crisis. Lately I've been seeing ads for 1% down mortgages and eligibility for sub-600 credit scores.
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