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Joined 3 years ago
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Cake day: June 24th, 2023

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  • Per usual, read the article and not just the headline.

    Sounds like he’s talking about banning investor purchases of single family homes. Which is a good thing.

    I fucking hate Trump and he’s wrong about pushing housing prices higher, but banning investor purchases of homes is the right call, so he’s kinda right.

    Also, crashing housing value would destroy anybody who has invested in their home as equity. What needs to happen is a leveling off and investment in cheaper starter home builds, as well as a push for first time homebuyer loans that are low interest and up front down payment.

    I bought my first home on a HomePath mortgage. No PMI, 5% down, and reasonable interest rate that was only a bit higher than a traditional mortgage.

    Getting people into their FIRST homes and making sure they aren’t beat out by cash offers from investors it’s the correct way forward.















  • North Korea has lost nearly all of its expertise in manufacturing, development, etc.

    NK was a powerhouse around 50-60 years ago, but significantly stupid decision making has led to them falling behind South Korea.

    Sanctions are a good chunk of their problems, but NK has a lot of failed leadership and is an example of a failed communist nation just as much as the United States is an example of a failed/failing Democratic Republic.

    Also, “emigration rates” is a bullshit metric. You CAN’T leave NK without special permission from the government. That’s like arguing a prison is doing great because none of the inmates are leaving.