Comments by "Fredinno" (@innosam123) on "This New Biden Rule Will Punish Homebuyers With Good Credit" video.

Because it incentivizes people to get poorer credit scores and take on larger amounts of debt? Sure, equity and all, but this isn’t a smart plan.
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@JennaJennaJen Yes, it’s not inverted, but there’s no longer as much of a reason to try to up your credit score. Subsidizing loans to people with poor ability to pay the loans is not a recipe for success, even if it helps poor people on the short term. This was one of the factors behind the 2008 crisis (along with bad regulation, easy monetary policies from the Fed…) And yes, increasing taxes tends to discourage people from working more (or at least investing.) This is why economists generally tend to dislike income taxes. It’s also the problem with some welfare schemes, where it can be better (or at least not really worth it) to not work than it is to get paid minimum wage and get taxed on it.
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