Fannie's 'Equity' Plan: The Drinking Game - Appraisers Blogs

Abstract

These alcohol-fueled "Think and drink" games are highly challenging. Although the game hasn't officially started, pour a stiff drink and take your first swig. With the document open, drink at the first mention of "Equity" - a foggy notion denoting the coercive reapportioning of resources from one group to another based on racial or cultural generalities. Feel the burn as the elixir hits bottom - Kapow! Take a drink at the first mention of "Valuation modernization," code for Fannie's dogged efforts over many years to keep appraisers from inspecting the properties they appraise. Drink to the death of this once useful analytical tool! Drink to the full faith and credit of the U.S. government, as it supports Fannie in helping only certain individuals, based on generalities, "Deal with unexpected expenses and repairs, or temporary disruptions to income." It implies Fannie will now be involved in running a social welfare program. Drink at the first mention of The Fair Housing Act and the Equal Credit Opportunity Act. Drink at the first mention of "Climate." Nearly destroying the U.S. economy in 2008, Fannie now seeks to help create climate resiliency plans based on the racial makeup of neighborhoods.