https://en.wikipedia.org/wiki/Conforming_loan

I love government subsidies through implicit and explicit loan guarantees. It’s the reason a 30 year mortgage exists. It’s the reason one can default on an FHA mortgage with almost no consequences (while being almost impossible to default on student loan debt).

To your point this is “subsidized by the rest of us,” the bottom 50% of American earners only pay 2.3% of total federal income tax collected, with the top 50% paying the rest. The poor folks are not on the hook for subsidies when they come out of general federal gov revenue (FHA loans charge an upfront and monthly mortgage insurance premium, and there are similar costs for USDA and VA loans but lesser so; we can consider those costs “cost recovery” for the purpose of evaluating self funded vs subsidies via transfer from the general fund).

https://taxfoundation.org/data/all/federal/latest-federal-in...

>I love government subsidies through implicit and explicit loan guarantees

Like student loans?

>It’s the reason a 30 year mortgage exists.

Which is a large part of the reason houses cost what they do.

>the bottom 50% of American earners only pay 2.3% of total federal income tax collected,

"Well the poors aren't paying for it, you are" isn't the endorsement you think it is. And the poors still get kicked in the dick by spending driven inflation same as the rest of us anyway.