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Rebel Capitalist News

News: Unbelievable New Home Loan Program: $0 Monthly Payments/$0 Interest

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 13 April 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, fellow rebel capitalists hope you're well.

0:03.2

How would you like a home loan that had zero percent interest

0:10.1

and you never had to make a monthly payment.

0:14.8

Ever. Sounds pretty good, right?

0:17.2

The only catch is you have to move to Gavin Newsom's incredibly well-run state of California. Let's get right into some

0:26.4

details and believe or not this home loan is true. This is not an April Fool's joke. This is actually what they are doing in the insane state of California.

0:39.0

And let me give you some insight. This doesn't end well.

0:44.6

CalHAF or California Home Financial Assistance, I think it is,

0:51.0

releases 20% down payment assistance for California first time home bars and funds are running out.

0:59.2

Well, shocker.

1:01.0

Who would have predicted that? You're giving people free money and you're shocked that

1:08.9

that they come and they want that free money. We out who would have known so Cal

1:14.0

Hoffa has just announced dream for all and by the way this program

1:18.9

started like two weeks ago already had to shut it down because their coffers were completely drained.

1:26.6

Like obviously everyone signed up for this immediately and let's go through this and we'll think

1:32.3

through some of the just limitless

1:34.9

unintended consequences. But the Dream for All program, I love the names these

1:40.8

politicians come up with. It's a second mortgage that can be used

1:44.1

to cover up to 20% of the down payment as well as closing costs because heaven

1:49.0

forbid you buy a $2 million home and you actually have to come out of pocket $500 for the title company.

1:58.0

In a time of rising mortgage interest rates, this also carries a 0% interest rate. This also carries a 0% interest rate for the life of the

2:06.0

loan. Wow! This is something they are referring to as a shared appreciation

...

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