Social Engineering In Real Estate
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Some days it seems like we live in an upside down world. \\xa0
\\nToday\\u2019s show fits in the category of \\u201cYou can\\u2019t make this stuff up.\\u201d It\\u2019s just too bizarre for words, and it would be even funny if it were not for the fact that this is real.
\\nCharlie Munger, who is Warren Buffet\\u2019s business partner is famous for saying \\u201cshow me the incentive and I\\u2019ll show you the outcome\\u201d.
\\nThe latest bit of insanity coming out of the Biden White House is an idea whereby the government will charge a premium on borrowers with a good credit score in order to make it easier for those with a poor credit score to qualify for a loan.
\\nYou heard me correctly. This is the equivalent of taking points away from an A student and giving extra marks to a C student, to make things more fair.
\\nThe details are that a borrower with a credit score of 740 or higher will pay an additional \\xa0fee ontheir residential mortgage.
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\\nHost: Victor Menasce
\\nemail: podcast@victorjm.com
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