And that’s only a minuscule sampling. More obscure agencies, such as the recently gutted #CFPB, keep records of corporate trade secrets, #credit reports, #mortgage info, & other sensitive #data, including lists of people who have fallen on financial hardship.
A fragile combination of decades-old laws, norms, & jungly bureaucracy has so far prevented repositories such as these from assembling into a centralized American #surveillance state.
Housing Aust. Future Fund = ZERO Houses! NOT one dollar invested - see stats below. WHY is the Fund NOT building houses?
$10. Billion Fund.
122,494 Homeless. 400,000 Housing unit shortage. $666,666- average New Mortgage.
$976,800- average Home Price.
Investment in building new homes would also provide an ECONOMIC BOOST.
_____
#australia #government #homeless #priorities #housingaustraliafuturefund #politics #mortgage #banking #election #election2025 #LuckyCountry #vote
PRIORITIES for Australians. Your Choice !
122,494 Homeless.
400,000 Housing unit shortage.
$666,666- average New Mortgage.
$976,800- average Home Price.
$29. Billion for AUKUS.
$10. Billion for Housing Fund.
DO WE NEED Submarines and US Bases upgrade? OR Do we need Houses & Mortgage relief?
#australia #government #homeless #priorities #housingaustraliafuturefund #politics #mortgage #banking #election #election2025 #LuckyCountry #vote
what the “got mine” crowd haven’t reckoned with yet: Republicans will reverse all the forgiven student then small business loans; then they’ll go after anybody carrying #creditCard #medical #mortgage debt.
the #techbros decided the real wars are #class #wars , and to justify their ridiculous valuations this is what they’re doing: militarizing the tech-financial state to police & garnish people’s #incomes #wages
and they want more slavery with debtors’ prisons
Day 22 cont 
“Nearly half of all #renters sit in the bottom 40% of income levels, compared with just one-fifth of first home buyers.
“If you’re in the bottom two #quintiles of income, you’re probably not really going to have enough #income to be servicing a #mortgage, whichever way you go,” Phillips says.
“There’s not a lot that we’ve seen in the election #campaign to really help those people, and they’re the people who really are #struggling.”
That leaves nearly half the renting population, or four million #Australians, beyond the reach of homebuyer help even before the new #policies arrive.”
If you don’t own or cannot afford a home, Australian politicians are not interested in you.
#AusPol / #LNP / #Liberal / #Labor / #Nationals <https://www.theguardian.com/australia-news/2025/apr/20/who-actually-benefits-from-the-coalition-and-labors-housing-policies>
Podcasts!
Strong Towns: https://podcast.strongtowns.org/e/3-reasons-this-is-a-great-time-for-walkable-streets/
The Bottom Up Revolution: https://www.strongtowns.org/journal/2025/4/10/will-mccollum-bottom-up
Enjoy!
Day 18 
“Our first home buyer #mortgage #deductibility scheme is going to finally give first home buyers the firepower they need to purchase a #home.
We’re going to, through our housing #infrastructure program, deliver more homes for those first home #buyers.
So if you think the status quo is OK, that’s really what #Labor is offering.
The #Coalition (#LNP / #Liberal) believes that home #ownership is something that every generation of #Australians deserve, and that’s precisely what we’ll deliver, if we’re given the great honour of being elected” — #MichaelSukkar
The Opposition minister for #housing, who in his previous stint in government as Minister but nothing to show for it.
#AusPol / #finance / #banks / #Infrastructure <https://www.theguardian.com/australia-news/live/2025/apr/16/australia-election-2025-live-anthony-albanese-peter-dutton-coalition-labor-housing-cost-of-living-bandt-greens-ntwnfb?page=with%3Ablock-67ff2a5d8f089c7bf64d5887#block-67ff2a5d8f089c7bf64d5887>
Pretending climate collapse isn't happening isn't an option, no matter the GOP claim.
"Continued un-mitigated disasters trigger a cascade of financial crises as state-backed ins programs, municipalities & mortgage lenders require bailouts. The customer is abandoned... Previously privatized profits are now socialized as widespread losses, potentially leading to state insolvency."
![The Un-insurability Crisis Is Upon Us – 3 Possible Scenarios for What’s Next
Andrew Hoffman, Rupert Read, originally published by Resilience.org, April 15, 2025
Insurers should, through their disclosure and lobbying power, play a key role in achieving a safer and more resilient world. Through disclosure, they can share their vast knowledge about the financial risks of a climate changed world. Through lobbying, they can advocate for a suite of laws and policies that make the world more insurable in the face of the ever-mounting risks.
The insurance sector is dealing with the realities of a climate-changed world with higher payouts from more extreme weather events & more assets in harm’s way by raising premiums & reducing coverage to manage losses. As this continues, with an increasing number of regions becoming ‘ uninsurable‘, Fed Reserve Chair Jerome Powell has warned that insurance companies pull out “of coastal areas [and] areas where there are a lot of fires” the loss of available ins means that “there are going to be regions of the country where you can’t get a mortgage” in “10 or 15 years.” This would be devastating to individual homeowners & the economy at large as property values drop & governments take in less tax revenue for schools, police & other basic services. Günther Thallinger, Chair of the Investment Board of multi-national insurance company Allianz SE warns that this represents “a systemic risk that threatens the very foundation of the financial sector.”](https://cdn.masto.host/urbanistssocial/media_attachments/files/114/342/217/093/709/019/original/c178f9ab45ab9ab7.png "The Un-insurability Crisis Is Upon Us – 3 Possible Scenarios for What’s Next
Andrew Hoffman, Rupert Read, originally published by Resilience.org, April 15, 2025
Insurers should, through their disclosure and lobbying power, play a key role in achieving a safer and more resilient world. Through disclosure, they can share their vast knowledge about the financial risks of a climate changed world. Through lobbying, they can advocate for a suite of laws and policies that make the world more insurable in the face of the ever-mounting risks.
The insurance sector is dealing with the realities of a climate-changed world with higher payouts from more extreme weather events & more assets in harm’s way by raising premiums & reducing coverage to manage losses. As this continues, with an increasing number of regions becoming ‘ uninsurable‘, Fed Reserve Chair Jerome Powell has warned that insurance companies pull out “of coastal areas [and] areas where there are a lot of fires” the loss of available ins means that “there are going to be regions of the country where you can’t get a mortgage” in “10 or 15 years.” This would be devastating to individual homeowners & the economy at large as property values drop & governments take in less tax revenue for schools, police & other basic services. Günther Thallinger, Chair of the Investment Board of multi-national insurance company Allianz SE warns that this represents “a systemic risk that threatens the very foundation of the financial sector.”")
Day 15 cont #LNP
“#Coalition Leader #PeterDutton has announced a plan to allow first-time buyers of newly built homes to be able to deduct interest payments on up to $650,000 of their #mortgage from their income taxes.
The #policy would mean a family on average incomes would be around $11,000 a year better off — or $55,000 over five years”
Last minute policy. Details? More deductions from the government instead of fixing the existing problems.
#AusPol / #Liberal / #coalition / #housing / #HousingCrisis / #Financialisation / #NegativeGearing <https://www.abc.net.au/news/2025-04-13/coalition-first-home-buyers-mortgage-taxes/105170766>
Bill Pulte, #Trump’s dir of the Federal #Housing #Finance Agency #FHFA since Mar 14, 2025, issued a stmnt saying >100 employees of #FannieMae, a govt-controlled firm that underpins much of the country’s #mortgage industry, have been fired for “unethical conduct, including facilitating *fraud*.”
The stmnt offered no info about the conduct he claimed the fired employees engaged in. Pulte said he intends to make Fannie Mae & #FreddieMac *better* businesses.
#law #USpol
https://www.fhfa.gov/news/news-release/fannie-mae-fires-over-100-employees-for-unethical-conduct-including-the-facilitation-of-fraud
In our next nation, let’s manage #speculators more closely. I’m just looking at the 2008 subprime #mortgage crisis and today’s #Economy and maybe we need to rein in speculators a little.
I thought they were trying to save money 
Under #Trump, the #Consumer #FinancialProtection Bureau #CFPB has dropped nearly a dozen enforcement cases brought during the #Biden admin, ending lawsuits against #banks & #lenders for a variety of financial practices that the #watchdog agency no longer considers #illegal.
But on Wed, the bureau went a step further: It is seeking to GIVE BACK $105k that a #mortgage lender paid to settle #racial #discrimination claims….
#law
https://www.nytimes.com/2025/03/26/business/cfpb-repay-mortgage-lawsuit.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=6A5655B4-A7D4-4098-AED1-2847DA87EEB0
US #CentralBank holds #InterestRates steady
#TheFed said it will slow the pace of the drawdown of its balance sheet, as it faces challenges in assessing #market liquidity….
Stmnt: "The Cmte will continue reducing its holdings of #Treasury #securities & agency #debt & #mortgage‑backed securities. Beginning in April, the Cmte will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $25B to $5B."
#economy
https://www.reuters.com/world/us/fed-meeting-live-us-stocks-open-higher-investors-eye-rate-decision-2025-03-19/
For decades, Canadian political leaders have crowed about that restrictive #financial #regulatory model. They argue that fending off foreign entrants in the country’s #mortgage market helped the country largely avoid the 2008 collapse south of its border.
In light of #Trump’s criticism, Maggie Cheung, a spox for the Canadian Bankers Assn, was quick to point out that foreign #banks were an integral part of the banking landscape.
Ontario sees another enormous jump in people not paying housing and other bills
As if we needed more facts and figures to remind us how bad Canada's economy is at present, a new report has offered a glimpse into just how many people nationwide have been unable to cover their major bills, with mortgage delinquency in particular at an all-time hig...
#economy #housing #debt #mortgage #Ontario #Toronto
https://www.blogto.com/real-estate-toronto/2025/02/ontario-jump-people-unable-pay-housing-bills/
#ChristiaFreeland is set 2 announce today she will cut #GST for 1st-time home buyers if she becomes the next #PrimeMinister of #Canada
What she fails to mention→those buyers will still be nowhere near being able to afford one. As of Dec 2024, the average selling price of single-family home in #Montreal (among the least expensive cities in Canada): $637,400.
For $600,000, @ a favorable 5%, that's $3490/month #mortgage payment
Not even gonna bother looking up the more realistic 7% rate
@andybrwn If #StateFarm raises my #HomeOwnersInsurance significantly, I'm going to pay off my #mortgage & I am going to #SelfInsure. 
"#ClimateChange is the reason millions of Americans have had their #HomeInsurance plans dropped, according to a report U.S. Senators reviewed at the final Budget Committee hearing of the legislative session.
“When insurance becomes unavailable, it can be impossible to get a #mortgage,“ Budget Committee Chairman Sen. Sheldon Whitehouse (D) Rhode Island said."
This is not much covered in mainstream news.
No insurance, no mortgage.
In #Australia:
"Close to 200,000 households are either already breaching their #mortgage contracts, or risk doing so, as the surging cost of #HomeInsurance forces many to dump their policies."
#TFG will EXPLODE your #debt by STEALING THOUSANDS of dollars that you pay every year on your #mortgage #housing
https://www.cnn.com/2024/12/02/economy/fannie-mae-freddie-mac-mortgage-rates-housing/index.html
♬ 
