Grok conclusion:
The FHA program described in the WSJ article directly supports the X posts’ claims but clarifies that HUD/FHA doesn’t “make mortgage payments” for borrowers—servicers do, with FHA incentives. The program’s scale (556,841 payments) and structure (capitalizing missed payments and reductions without interest) explain McWopSki’s figure of 1 million homeowners and his concerns about market manipulation and a potential crash. The WSJ’s critique of moral hazard, borrower debt traps, and inflated housing prices aligns with McWopSki’s “scandal” framing, though it provides a more data-driven analysis.
Funny, not funny how this very morning while watching the weather channel reports.
A Trump hit job showing 3 fine 20′ ish healthy looking LL Bean wearing white folks talking how cruel it was they were terminated by DOGE and how that’s the “only job” in the country and Oh BTW they were TRAINED to fight fires (despite they were archeologists’ by the termination paperwork) and the TV Reporter said “You could be on the front line fighting the MANY Wildfires raging across the country”.
I suspect that they were all actors, no hesitation, no awkward looking at the camera or such behaviors REAL PEOPLE ™ have when under a Reporters camera crew.
They hit every liberal talking point about the Evil Musk-Trump DOGE.
So, prepare to hear that the LOSSES of Poor old White Grandmoms homes values are Trumps Fault.
Facts that Bidens policies did this be dammed, emotional attacks are how the Media gets Joe 6 pack to react.
Media folks, Media. During the American Revolution the British thought the little rebellion was a purely “military matter” requiring a “Whiff of Grapeshot” and DIDN’T bother to control the media.
X helps but they are flooding that arena with false “Patriot” sources to keep us in circular firing squad mode.
While the real estate market may suffer bumps and bruises it won’t collapse because it represents real tangible objects with value. Some people who made poor choices or lost jobs may suffer financially, something that’s see from time to time. But the houses aren’t going to magically disappear. Don’t confuse real estate with Wall Street where much of the “value” exist ONLY on paper or digitally.
I guess the xrayboy has never read the real stories about the Great Depression, Steinbecks the “Grapes of Wrath” or anything about folks losing their homes due to debt and inability to pay taxes.
Or far more recently in 2008 SNIP
August 2008
Repossessions
The housing crisis occurred in August 2008. It was a multinational financial crisis that contributed to the 2007–2008 global financial crisis. The crisis was caused by increased foreclosure rates among U.S. homeowners in 2006–2007. By the fall of 2008, borrowers were defaulting on subprime mortgages in high numbers, leading to the collapse of the financial markets and the global Great Recession.
You know those weird things that happen when economic collapse occurs?
I always thought they missed the point in “It’s A Wonderful Life” in the mob scene at the bank run. Instead of pleading for people to stick together, he should have explained that they were selling the bank that owned their mortgages to Potter.
One in seven FHA mortgages underwater. One in seven mortgages are FHA. That’s 2 %! On top of government workers laid off in hi value areas and collapsing demand from fleeing and deported illegals – this sounds like bank collapse.
Get some money (Gold and silver are money) and some currency (US$) and be prepared!