TUCKER CARLSON: The Biden admin’s new rule will punish people with high credit scores

For centuries, politicians in this country have believed that in order to win elections, they had to convince voters to vote for them. You had to make their point. It was called democracy.

But the modern Democratic Party’s crucial strategic insight is that you don’t have to convince anyone. Demographics matter. People who are financially dependent on you to import enough people from other places to live. It’s a California story. That’s why California has changed. That’s why Texas is changing, but it’s also happening at the local level across the country. And it’s important for suburban voters like school boards, state legislators, and, of course, members of Congress.

So if you want total control over the country, you have to change demographics everywhere, including the suburbs. In 2009, the Obama administration brought New York’s firmly Democratic Westchester County to court. why did they do that? The government has withheld tens of millions of dollars in federal funds unless Westchester commits to building 10,000 low-income, high-density apartments in the suburbs.

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The Obama administration later implemented rules requiring suburbs to take “aggressive steps to diversify their neighborhoods.” When he took office, Joe Biden endorsed something called a home act. Specifically, the Housing Act allows the federal government to withhold funds from local governments if they can’t find a way to add high-rise apartments or high-density zoning to suburbs.

Specifically, the law prevented local governments from enacting “ordinances that prohibit the building of apartments from specific residential areas or set minimum lot sizes for single-family homes”. , is no longer safe in the leafy suburbs. It should be urbanized.

The Housing Act has stalled in Congress. It never became law. But the Biden administration didn’t give up just because democracy didn’t deliver the desired results. They still plan to change the suburbs forever by getting rid of them. Joe Biden’s HUD Secretary, Marsha Fudgethe former congressman explained last year that the administration was concerned that African Americans could not afford homes not because they were poor, but because home appraisers were racist. clock.

Marcia Fudge: What the President said is that we have to look at everything through the lens of equity. you know you’re lost.

Notice here that we have the moral high ground in our hands. The big picture is that if the Biden administration cares about African Americans, they probably won’t withdraw police from American cities. But actually, in the clip you saw, former Congresswoman Marsha Fudge offers absolutely no evidence that there are white supremacist house appraisers in this country, or that they’re out of control. not presented. Who are they, if they exist?She was unable to tell us, but she provided this anecdote instead.

Fudge: I live two doors from an all white community. I live in an all black community. My house is bigger than her two doors in the house to me. My lot is larger than the house and has 2 doors, but my house is valued at $25,000 less than the 2 door house. So if we can address and acknowledge the fact that we continue to be discriminated against and redlined in our housing efforts, I think we can be confident that we can begin to address the racial wealth gap. increase.

yes. As the left often says, anecdotes are not studies. Just because you notice something around you doesn’t make it universally true. All you really told us was a little story. Marsha Fudge’s real-life experience tells her that there is racism in her home’s ratings, but there is no data on that yet, no proof. Completely hoaxed at this point, Kamala Harris is as fully convinced as she was last year.

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Kamala Harris: The home appraisal workforce is one of the least diverse in our country. He is less than 5% of American home appraisers of color. This lack of diversity leads to conscious and unconscious biases that reduce the accuracy and fairness of home valuations. Our administration will require those who evaluate federal programs to participate in anti-stigma, fair housing and fair lending training. We have a solution.there is a solution.

Just brainwash the home appraiser. Put them in bias training. TRUE? If you want more black home appraisers, why not start a program to train them? Let it be. Literally. We legalize weed. Make sure your weed dispensary has an African American owner.They don’t train black people to be home appraisers

By the way, the premise of this by itself does not prove that home appraisers are racist. Why do you think so? Again, no proof. That’s a slander against home appraisers. By the way, why do they deserve this abuse? they didn’t hurt anyone. They are accounting types. Why is the administration calling them racist? But they are, and they’ve been so for over a year.

Again, they are using bogus allegations of racism as a pretext for their political agenda. In this case, the plan is to flood the suburbs with voters who believe they support the Democrats. Because we talk about racism or claim to speak on behalf of black people, they don’t deserve moral high ground. Kamala Harris, speaking on behalf of black people claims. right. OK. That doesn’t mean they’re right, but no one is stopping them.

So, without a vote in Congress, the Biden administration has just introduced not laws or rules, but rules that punish Americans for trying to do the right thing and punish people with good credit. people with high credit score It subsidizes people who pay high fees to pay their mortgages and don’t maintain good credit.

So these rules go into effect on May 1, whether you like it or not. This means that someone with good credit, defined as a score of 680 or higher, will have to pay about $40 a month in mortgage fees. A low score for a mortgage of about $400.

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Here’s an example. A FICO score of 620 gives him a 1.75% discount on mortgage fees. A score of 740 == means you pay your bills on time, do the right thing, and are a good citizen. That means you have to pay 1% more. So if you do the right thing and pay the bill you don’t get the discount and you get penalized.

We encourage bad behavior. We hurt good people. From the day you were born, you have been told, “Pay your debts. That is, his 30-year mortgage on a $400,000 house has a variance of over $14,000, and they claim racism to justify this.

Black Americans are the only racial group in the country with an average credit score below 680. don’t understand. Whites, Hispanics, and Asians have higher credit scores. So, as you might expect, mortgage-style interest rates for African-American borrowers are higher than for the general population. It’s doubled in the country’s largest market, and that’s why suburban and urban demographics are different.

If I wanted to change that, I would encourage people to have good spending habits and pay off their debts. Make people happy or get out of debt? No, they want to change the suburbs. We want to increase population density to ensure that the Democratic votes are more likely to be cast. That’s the conclusion. It’s always about election results. It’s always about power. It’s not about improving someone’s life.

Meanwhile, of course, private equity Democratic donors are happy. It will be even harder for Americans with good credit to buy homes. why? Because it means more renters. Tenants have their own homes.

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Leslie Stahl: Home ownership is becoming increasingly out of reach.

TRICON RESIDENTIAL CEO GARY BERMAN said: In our portfolio, the majority cannot Buy a house, can’t afford to buy a home or don’t have the credit to buy a home. If you ask many millennials, if it tends to be our primary resident, they’ll probably say they don’t necessarily want to own a house or a car. Growing up in an economy, lifestyle is what matters to them. So if they can move to a low maintenance lifestyle called a turnkey or hotel ready home, it’s very appealing to them.

People don’t want anything, they don’t want to own anything! They are penniless and poor and want to live on the whims of the oligarchs. That’s what they really want.

Oligarch Guy, do you have anything? she never asked.