Substitute teachers in Highland county make $119 a day. It’s a part time job, where they only work when there is a classroom needing a teacher for the day. They are only needed on days that there are students in the school in need of supervision, so at most they can work 180 days per year. That maxes out their earning potential at less than $25,000 a year.

One of those substitutes, Lashawn Kinsey, bought a house in Highlands County, Florida on January 13, 2021. She did it by getting a mortgage for $127,645, meaning that she made a down payment of $2,355. At the time of the mortgage, she had three kids, which placed her below the Federal poverty level of $26,500 for a family of four. I can’t confirm this, but she is almost certainly on public assistance. On top of that, she is a college student, meaning that we are likely paying for her education with Pell grants, because she is a black single mother.

It’s no surprise then that she was soon unable to make the payments, and had to seek assistance from the Florida homeowner assistance fund to avoid foreclosure. The state has been picking up the tab for her mortgage and utility payments, or at least they were until an administrative screw up caused payments to stop back in October.

I don’t feel sorry for anyone in this story, except the US taxpayer. As all of you know, I am shopping for a new home. In order to do so, I had to allow the bank to do a net worth audit, income verification, and credit check. How could a bank loan money to someone with a part time job and no assets? This sounds like the stuff that was going on in the early part of the 2000s that caused the mortgage collapse.

The fact that I had to work a full time and a part time job while going to school, so I could afford to pay tuition, then had to save money and build credit in order to be able to buy a house, while some black woman gets a free one at taxpayer expense must be all of that white privilege I keep hearing about.

Categories: economicsEconomy


Fundamental Transformation · February 1, 2023 at 10:26 am

Remember the Obama gonna pay my rent chick?
They are legion.
The local Fundamental Transformation features cock fighting rings in basements, houses getting sprayed with 100 rounds ina case of mistaken identity and the skunky reek of growhouses.
They are getting more surly knowing that the Leviathian in the district of cesspool has their backs.

grumpy · February 1, 2023 at 11:35 am

Feature……not a bug

Zarba · February 1, 2023 at 12:21 pm

Rule of thumb has always been a max mortgage amount of 3X annual income (in this case, about $75,000). Her mortgage was 70% higher than that amount. BTW, there are programs that provide down payment assistance to borrowers as well, so it’s possible she had zero skin in the game.

So in the name of “Diversity and Equity”, the govt and lenders have ruined this lady’s credit (with her help, of course). There’s no way she could make the payments on that mortgage, let alone maintenance, utilities, and household expenses.

And we get to foot the bill for all of it.

Joe Blow · February 1, 2023 at 3:03 pm

You are exactly right, this is a repeat of 2008. On purpose. To blow it all up!

Polkavic · February 1, 2023 at 3:03 pm

Accidentally opened the mail of the Middle Eastern Husband wife and child. Getting $3,500/month and health insurance. Newer car and spends his day smoking on the porch. Me, 1400.00/month in social security and still having a job.

    George · February 2, 2023 at 7:31 am

    SS finds out you are working and you will lose a good part of that 1400.

Reefdiver52 · February 1, 2023 at 5:23 pm

No surprise there. there are at least three states that the “give me the free stuff group“ benefits are worth a working man making $100,000 a year. I would guess the ones right below those three are in the $90,000 a year range.
Whatever a working family has to pay for the basics is 30% higher than the freeloaders. Think about it, you have to work and pay taxes on your money. They tax the hell out of you when you pay your bill we’re all these crazy fees. On my gas bill the delivery charge is higher than the gas used. What the hell is a delivery charge?
If you’re getting assistance for your electricity, your heat, your phone with data and Internet, food stamps, rental assistance, and let’s not forget the child tax credit plus stuff I didn’t think. Even if you haven’t paid any federal taxes you still get a refund for how many rugrats you own.
Apparently they aren’t claiming all these benefits as taxable income. So they get two grand and you would probably have to make about $2800 to realize that $2000 in your pocket.
What a joke.

joe · February 1, 2023 at 6:30 pm

I would bet within 6 months of the last housing bubble and bailing everyone out, they were all back to giving money to the same people that put us in that mess in the first place

anonymous coward · February 2, 2023 at 6:36 am

White folks do a horrible job of letting each other know about tips and tricks for navigating any system. Every whitey is on their own.

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