Live~NRGY

https://www.nytimes.com/2022/07/23/business/housing-market-crisis-supply.html

#1 – BUILDERS BUILD TO SELL, BUT IN DOWNTURNS SUCH AS HIGH PRICES, HIGH INTEREST RATES AND MANY FIRST TIME BUYERS NOT MEETING LENDING CRITERIAS….

BUILDERS STOP BUILDING, EVEN WITH AN ANTICIPATED FUTURE SHORTAGES…

#2 – NO INCENTIVES TO CONTINUE BUILDING TO HOUSE NEW HOMEOWNERS… WHEN RENTS ARE SKYHIGH (MORE RENTAL PROFIT DISSUADES TAKING RISK)

#3 – DIFFERENCE BETWEEN RENTING & BUYING CRITERIA IS SIMPLE…. TO MEET RENTAL, JOB & CREDIT SCORE…. BUYING, JOB, CREDIT SCORE AND MINIMUM FINANCIAL RULES, GUIDELINES,STRESS TESTS, AND WORST OF ALL…. #4 BLOCK HEAD THINKING

#4 – FINANCING MORTGAGES IS STILL ROOTED IN OLD FASHION DINOSAUR FOSSIL HYDROCARBON SCHOOL OF THINKING … IT HAS NOT CHANGED SINCE MORTGAGE FINANCING HAS BEEN INVENTED…. ALL ELSE HAS CHANGED OR IS IN THE PROCESS OF CHANGING… WITNESS THE EVOLUTION OF CARS GOING FROM FRED FLINTSTONE MODELS TO ALMOS BUT NOT YET FLYING JETTSON CARS….

#5 – GOVERNMENTS ARE THE WORST ENEMIES OF MORTGAGES WITH TAXES, DEVELOPMENT FEES, MORTGAGE INSURANCE, STRESS TESTS, AND HORRIBLE COMPLICATED RULES, GUIDELINES AND GRANTS FOR ENERGY EFFICIENCY LEFT RIGHT & CENTER THAT MAKES BUYING NOT ONLY COMPLICATED, BUT ALSO ALMOST DIFFICULT TO UNDERSTAND WHAT YOU ARE SIGNING UP FOR .. YES A HOUSE, BUT WITH SUPER IMPORTANT LIFE ALTERING STRINGS ATTACHED… IF SOMETHING GOES OFF THE RAILS

#6 – FINANCIAL LENDERS … WHY IN GOD’S NAME WOULD THEY CHANGE THINGS WHEN THEY ARE RAKING IN BILLIONS AND BILLIONS INTO TRILLIONS IN PROFITS

TIME TO CHANGE THIS UNEQUITABLE, DINOSAUR FINANCING OF MORTGAGES AND BRING IT ITO 21st CENTURY BEST PRACTICES INTO SOMETHING THAT FIRST TIME BUYERS CAN EASILY ACCESS, SEE AND UNDERSTAND, BUT MOST OF ALL GET THE HELP TO OVERCOME HURDLES….

ALL BUYERS OF MULTIPLE PROPERTIES CAN CONTINUE WITH THE CURRENT MODEL AS IT SEEMS TO SERVE THE ‘SYSTEM’ AND FEEDS ITS GREED WELL(SOMETHING WALL STREET IS PROUD OF BY ITS RECORD)

BE WARNED…. FAILURE TO COMPLY ON CHANGES….

WORLD SOCIAL UNREST TO THE nTH DEGREE…

NO OTHER WARNINGS FORTHCOMING

BONNE CHANCE