How long before the "Good" people say screw it, drop their credit rating, take advantage of the discount?
How many will REALLY pay for this, if in the end, everyone has "bad" credit scores?
Unintended Consequences is a Natural Law.
https://m.washingtontimes.com/news/2023/apr/18/joe-biden-hike-payments-good-credit-homebuyers-sub/
What could possibly go wrong?
I find it imteresting that they have delayed the fee for folks with debt to income 40% or higher. First question that comes to mind is how many people are in that category, and how many are left paying the "Good Credit Tax:?
#grownostr #2008onsteroids #driveitoverthecliff
Discussion
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And is the DTI calculated AFTER they assume the mortgage or before?