Re: Insanity Alert – spending 3 TIMES more on housing than …
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… I have not been very detailed with the exemptions for fear I would not be understood…[/quote]
Perhaps being more detailed in your explanation would lead to you being understood.
But before you do that, please answer the following question: Why is it better to get a mortgage from the gov’t than from the bank? Or, to put it differently, Why should the gov’t get in the business of lending mortgages to people? This in a nut-shell is what you are proposing. If you disagree with my analysis here, please explain how they are fundementally different.[/quote]
How many times do I have to say it is NOT A MORTGAGE! THIS IS NOT A LOAN! WHY THE GOVERNMENT? BECAUSE THE BANKS CANNOT COMPREND FUNDING HOUSES WITHOUT LOANS. They are TOO EDUCATED about the current means of paying houses, and they BORROW MONEY FROM THE FED (AND OTHER BANKS!) BECAUSE WHEN THEY LEND MONEY FOR HOUSING DO YOU REALLY THINK THEY THEY WILL WAIT 30 YEARS TO GET IT BACK? NO! -*>-*>-*>-*>-*>-*> IN FACT, MORTGAGES ARE A FUNDAMENTAL CAUSE OF INFLATION (THE BULK OF PUBLIC AND PRIVATE DEBT IT IS TIED TO THE CURRENT MEANS OF HOUSING FINANCE, AND THE DEBTS NEVER GET PAID!).
One would have to be a liar, or not smart, to propose anything similar (or related) to our current system. If I propose the current system: 1) I don’t have to. 2) That would be STUPID, WRONG, and DANGEROUS.
Now that have said that you should see my previous post. Why? Because that’s where you will see that how the banks could not possible fufill the role in my proposal.