Biden is making you subsidize mortgages for deadbeats

Homebuyers today face a number of challenges and obstacles. Aside from all the pain normally associated with the process of finding a house and assembling the paperwork to apply for a mortgage, they are also facing an environment in which interest rates are more than twice what they were just two years ago.

In short, unless you're buying with cash, something few normal people can actually afford to do, you are not enjoying any of the benefits of the downturn in housing prices. Credit scores are the only objective, colorblind numerical measure of personal financial responsibility. The methodology with which they are used has even been made fairer recently through the inclusion of rents and other personal bills. So no, this is not a program targeted at helping the poor or nonwhite buyers. In reality, this is a program targeted at helping deadbeats.

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