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Posted by: obiefrommuskogee 1 year, 1 month ago

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obiefrommuskogee1 year, 1 month ago

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"Republicans theorized that raising the rate of home ownership would create more conservative voters, as Margaret Thatcher was said to have done in Britain by selling public housing flats to their tenants. Thus, George W. Bush campaigned in 2004 under the rubric ”the ownership society.” As the President explained in his eye-glazing prose style:

...[I]f you own something, you have a vital stake in the future of our country. The more ownership there is in America, the more vitality there is in America, and the more people have a vital stake in the future of this country.
Thus, in a 2004 address to home builders, Bush called for the Federal Housing Administration to issue zero down payment mortgages in order to aid 150,000 first-time buyers per year, saying,

To build an ownership society, we’ll help even more Americans to buy homes. Some families are more than able to pay a mortgage but just don’t have the savings to put money down.
" end of quote.

I have the link if you want more info.

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  ADAGUY1 year, 1 month ago
  
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  "I have the link if you want more info."
  
  I assure you, they don't want more info like that!
  
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