New Democrat Plan to Solve the "Housing Crisis:" Let's Inflate the Housing Market By Pouring Government Cash Into It and Letting People Who Can't Afford a Mortgage Buy Homes Until They Default

Say.... wait a minute...

Isn't this how they created the 2008 housing market collapse the crashed the world economy?

And then blamed on Republicans?

Well, since they got away with it once, I guess it's time to crash the world economy again. For Great Justice.

And... "Affordability."

One of President Biden's economic officials wants to create a system where people can pay just $1,000 to buy a home.

What could possibly go wrong?

$1,000 for an entire house.

The housing crisis of 2008 was caused by "Ninja" loans -- No Income, No Job.

Now we're adding to "no down payment, no money at all."

Just a free house. For a very nominal payment of $1,000, which I'm sure will be waived for Democrat Constituents.

Bloomberg:

A top Biden administration economic official is pitching Democrats on a low-down-payment proposal to bring millions of new homebuyers into the market, as incoming congressional leaders take stock of affordability measures that might help them notch early legislative wins.

A new policy group chaired by former National Economic Council Director Lael Brainard is pushing for the creation of a Federal Housing Administration program to facilitate home purchases with as little as $1,000 down for first-time buyers who meet "strong underwriting criteria," according to a copy of the proposal reviewed by Bloomberg News.

Uh-huh. If they have only managed to save $1,000, they do not have "strong underwriting criteria." This fiction is added so they can say "But it's not like the 2008 housing collapse, we're only giving free houses to people with no money but who have 'strong underwriting criteria.'"

Housing is a key factor in the widespread frustration over the high cost of living that helped fuel Democrats' historic rout of Republicans in last week's midterm elections. Some 77% of Americans support zero-down payment loans for qualifying first-time buyers, according to a survey by the Kitchen Table Project, the Brainard group that debuted in June and calls itself a "policy pop-up."

What about all the other Democrat spending priorities?

Don't worry, Jerry. They write it off.

They write it off.

Proposals to provide down payment assistance generally take the form of "grants, and grants are a direct cost to the government, and we know that we already have additional fiscal priorities," Brainard added, pointing to Democratic agenda items like restoring Affordable Care Act and Medicaid subsidies along with food assistance. "We really looked for proposals that could be done with a minimal amount of taxpayer funding."

This is absurd. Down payments for homes are usually 20% of the value of the home. The average cost of a home in the US is $472,000. So a down payment would be something like $95,000.

The Democrats are proposing only a $1,000 down payment, and then pretending the $94,000 usually expected is just Free Money that will cost the taxpayers "a minimal amount."

They're really doing it all again.

Just like with their eternal bleat the Real Communism Has Never Been Tried.

Real Housing Bubble Collapse That Crashes the Global Economy has never been tried.

Update:

Evicting them for non-payment in a year is the comeback.

Posted by: San Franpsycho at November 13, 2026 12:14 PM (RIvkX)

No one will be evicted for non-payment.

Posted by: Heavy Meta

Correct. That's the move: Let them take a house for $1,000, then make all attempts to evict and repossess illegal.

"Minimal taxpayer cost," you know.

posted by Disinformation Expert Ace at 12:10 PM

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