patrick.net

To protest government debt-mongering and the resulting enslavement of the 99% to employers and to banks, not to mention the giant Fannie/Freddie/FHA hole the federal budget, let us declare a general house buyer strike.

Let us not buy any house until the government eliminates all subsidies and guarantees for mortgage loans. This means the complete elimination of the FHA, Fannie, Freddie, and any other program that subsidizes or guarantees mortgage debt, including the purchases of mortgage-backed bonds by the Federal Reserve.

Congress and President Obama's hiking of the jumbo loan limit to $729,000 today is a sneak attack on your financial freedom. Their evil goal is to get you to sign away your whole working life for the benefit of the 1%.

Buying with cash won't help. You would then be bidding your hard-earned money against someone who is enslaving themselves with huge loans subsidized by and guaranteed by taxpayers -- taxpayers like you yourself!

If buyers all band together nationally and refuse to buy, then we will all win with much lower house prices when these programs are eliminated.

Sellers who want to move upscale would also win, because they'd get a bigger discount on their next house than they would lose on their current house.

Anyone got a catchy slogan?

Any graphic designers want to make some compelling posters for free distribution?

#housing