Social justice idiocy aside, the plan also calls for incentivizing home ownership for people who really shouldn't be putting that kind of money on the line. The exact same set of incentives are what led to the subprime mortgage crisis because the Clinton administration couldn't get it out of their heads that not everyone needs to take out a $250,000 mortgage. They learn absolutely nothing from history.
Social justice idiocy aside, the plan also calls for incentivizing home ownership for people who really shouldn't be putting that kind of money on the line. The exact same set of incentives are what led to the subprime mortgage crisis because the Clinton administration couldn't get it out of their heads that not everyone needs to take out a $250,000 mortgage. They learn absolutely nothing from history.
I just say that Hanlon's Razor cuts both ways. I guess it's a double sided razor?