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How HUD is Destroying Housing in America
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We're joined by John Comiskey, a mortgage finance expert, who is using his social media to expose how the FHA is propping up hundreds of thousands of insolvent mortgages, trapping people into underwater mortgages, preventing foreclosures and market correction, and creating price inflation. He has poured through FHA loan data to discover how taxpayers are now essentially subsidizing people who cannot demonstrate financial solvency to remain in their homes indefinitely. This is a superlative example of how do-gooder socialism creates a vicious cycle of debt, inflation, and insolvency that makes home affordability worse than when they started the program.
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