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Trump Already Hurting the Middle Class

Discussion in 'Political Opinions & Beliefs' started by Lesh, Jan 20, 2017.

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  1. garyd

    garyd Well-Known Member

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    Non sequitor. The two are not joined at the hip.
     
    garyd, Jan 21, 2017
    #26
  2. Lesh

    Lesh Banned

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    If we want the middle class to own homes (and support the industries involved in that) we need to invest in it...with the mortgage deduction and cheaper mortgage insurance.

    For someone buying a home in the North East or California that doesn't have a huge downpayment this would cost a homebuyer $100 month or more. That's enough to take many lower income buyers right out of the market.
    The fewer people buying homes, the lower home prices are. This really hurts everyone

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    Not joined at the hip but they are both Federal support for home buyers. If you're philosophically against one...you're against both
     
    Lesh, Jan 21, 2017
    #27
  3. garyd

    garyd Well-Known Member

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    Nonsense. There is a huge dfference between mortgage insurance and an interest deduction. In fact most financial planners will tell you to avoid mortgage insurance and use the money saved to make early principle payments.
     
    garyd, Jan 21, 2017
    #28
  4. navigator2

    navigator2 Banned

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    Trump did but nobody's PMI is going up. Trump simply reversed Obama's Hail Mary EO that hadn't taken effect yet. Much to do about nothing.
     
    navigator2, Jan 21, 2017
    #29
  5. Lesh

    Lesh Banned

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    They are both Federal subsidies for home buyers. If you're ideologically against one...you are ideologically against both.

    And people usually only get mortgage insurance because they HAVE to. It's not a choice. They have to to because they don't have a big enough down payment to satisfy a bank.Kinda negates your argument ...ya think?
     
    Lesh, Jan 21, 2017
    #30
  6. navigator2

    navigator2 Banned

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    Should lending institutions be in the business of lending money where there is not enough equity to protect their investment? That's what PMI and MIP do. Who should assume this risk, if not the buyer? Big Brother?
     
    navigator2, Jan 21, 2017
    #31
  7. Lesh

    Lesh Banned

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    That's not the issue...but thanks fr the distraction
     
    Lesh, Jan 21, 2017
    #32
  8. navigator2

    navigator2 Banned

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    Not the issue? Then tell us why PMI exists. :roflol:
     
    navigator2, Jan 21, 2017
    #33
  9. Seth Bullock

    Seth Bullock Well-Known Member Past Donor

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    No. The federal government is broke. If we are unwilling to pay for something, we can't have it.
     
    Seth Bullock, Jan 21, 2017
    #34
  10. RP12

    RP12 Well-Known Member

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    The guy who hasnt been confirmed yet? Come on Margot!
     
    RP12, Jan 21, 2017
    #35
  11. katzgar

    katzgar Banned

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    Just plain incorrect
     
    katzgar, Jan 21, 2017
    #36
  12. Lesh

    Lesh Banned

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    So we lose the mortgage deduction huh?

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    Exactly. It was done by Executive Order. DIRECTLY from Trump
     
    Lesh, Jan 21, 2017
    #37
  13. navigator2

    navigator2 Banned

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    If you are okay with government subsidizing an industry (homebuilding) then just say so. There's a large movement to eliminate mortgage interest and go to a higher standard deduction.
     
    navigator2, Jan 21, 2017
    #38
  14. RP12

    RP12 Well-Known Member

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    When was this supposed EO signed and what is your source considering you broke forum rules by quoting a source without linking to it.
     
    RP12, Jan 21, 2017
    #39
  15. Lesh

    Lesh Banned

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    A large CONSERVATIVE movement to do that and screw the middle class...yes. Thanks for pointing that out
     
    Lesh, Jan 21, 2017
    #40
  16. navigator2

    navigator2 Banned

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    A large portion of the middle (and lower) class are renters. How is that screwing them?
     
    navigator2, Jan 21, 2017
    #41
  17. Lesh

    Lesh Banned

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    I'm sorry...did I say it screwed EVERY member of the middle class?

    No?

    Then why would you point that out?

    Ran out of other nonsense to use to cover the Orange One's screwing of the middle class?

    Oh and the fewer people buying homes means that there are more people RENTING . You DO know how supply and demand works...right genius? What happens when the demand increases and supply is constant or decreases proportionally?

    Oh that's right...more renters means increased rent.

    snap
     
    Lesh, Jan 21, 2017
    #42
  18. navigator2

    navigator2 Banned

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    And the price of homes drops with demand. Perhaps more will save enough to put down a reasonable amount to avoid PMI.:roflol:
     
    navigator2, Jan 21, 2017
    #43
  19. squidward

    squidward Well-Known Member

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    The mortgage interest deduction is not the thread topic.
    Thanks for playing

    Should we hold their little pee pees for them while they go potty too?
     
    squidward, Jan 21, 2017
    #44
  20. Seth Bullock

    Seth Bullock Well-Known Member Past Donor

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    Different topic. Using phone, not avoiding, too complicated for this phone user.
     
    Seth Bullock, Jan 21, 2017
    #45
  21. squidward

    squidward Well-Known Member

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    Too (*)(*)(*)(*)ing bad. Pay your own damn insurance



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    Is there anything else we can buy for you leechers?
     
    squidward, Jan 21, 2017
    #46
  22. squidward

    squidward Well-Known Member

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    So now not getting free (*)(*)(*)(*) is getting screwed. Funny
     
    squidward, Jan 21, 2017
    #47
  23. One Mind

    One Mind Well-Known Member Past Donor

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    One Mind, Jan 21, 2017
    #48
  24. squidward

    squidward Well-Known Member

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    We don't need FHA driving up the cost of homes for productive people
     
    squidward, Jan 21, 2017
    #49
  25. Zorro

    Zorro Well-Known Member

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    Trump will layout a gay guy as quick as a straight one, because he views them with RESPECT rather than pity, and that's GOOD!
     
    Zorro, Jan 21, 2017
    #50
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