Not only this but you should read Business Insider report “Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever” Thus there is a record Credit Shrinkage. Here is another report from reventure https://youtu.be/Uh8Jnbafrwc

And Scott Walters reports Here is an estimated 10M people going to leave properties seen here https://youtu.be/HE_so4jtYjY

And agents are quitting seen here https://youtu.be/QeAJpiLUks0

And also there are apartments going out of business in Houston a Apartment owner lost 3200 units due to foreclosure. https://www.wsj.com/articles/houston-apartment-owner-loses-3-200-units-to-foreclosure-as-multifamily-feels-the-heat-fb3d0e75

This is fun to watch.

“equality of outcome.” Talk about dystopian logic. “Hey you! the guy with only one hand…..come over here and watch all the hands being cutoff so that we can achieve equality of birth outcomes”

Equality means “treating Americans unequally….” hahaha….

I feel like I reading a lost chapter of Animal Farm……..”Everybody is equal, but some people are more equal than others.”

The U.S. was founded on Equality.

Equality means EQUAL treatment to ALL citizens, as called for in the U.S. Constitution’s 14th Amendment clause that deals with equal protection of laws.

Equity means treating Americans UNEQUALLY to ensure that outcomes are equalized, the old tried (and failed many times) Marxian standard.

In fact all these so-called “communities made up of low- to moderate-income people and Black, Indigenous and people of color,” received numerous bailouts over the past 2-3 years in the form of COVID cash, rent forgiveness, increased food stamps, free medical services & equipment and numerous other taxpayer funded government largess that is now driving the public’s current failing economic situation and poorer outlook for the financial future.

PEW research from a week ago shows:
81% say economic conditions are fair to poor.
46% expect economic conditions to get worse over the next year.
The cost of food, consumer goods and housing remain major concerns for the public.
94% of Americans are concerned about the price of food and consumer goods,
with 72% saying they are very concerned.
88% also express concern about housing prices with 61% saying they are very concerned.

Looks like CRC grifters Paulina Gonzalez-Brito and Kevin Stein are not going to be able to profit as much off taxpayers and banking customers.

SVB should have been focused on customers and investors and not making promises of charity and non-performing loans that it could not keep. If the community projects are worthwhile investments then the anticipated returns from those loans will provide for repaying the loans.

The entire future outlook and feasibility of those “charitable” loans and mortgages has changed with long term record high Biden-flation and the Fed driven higher interest rates to combat Biden-flation.

The bail-out bank has no business that includes “additional responsibility and obligations to the public” and in my opinion, SVB investors should not have been given a complete bail-out above FDIC limits.