Harris to Propose $25,000 Assistance for First-Time Homeowners

[1srelluc]

Kamala Harris To Propose $25K Down Payment Support For First-Time Homeowners

To address the housing shortage, Harris will call for the construction of 3 million new housing units. Her plan includes introducing a tax incentive for builders who focus on creating starter homes for first-time buyers and expanding existing tax credits for affordable rental housing development.

www.ibtimes.com

Vice President Kamala Harris will announce a comprehensive four-year strategy on Friday aimed at reducing housing costs. The plan includes a $25,000 down payment assistance program for first-time homebuyers and incentives to boost new housing construction, according to Harris-Walz campaign officials.

Harris will reveal the plan during an economic policy speech in North Carolina, CNN reported.

Damn, vote buying much?

Don’t try to drop prices by making sound financial decisions for the whole country, just print money and buy votes!

Next week:

Breaking news!.....Home prices just shot up $25,000 overnight. Economists baffled.

 

[Oddball]

Free shit where a few are rewarded at the expense of everyone else?...Where thrift is abandoned for the free lunch?

What could go wrong?

 

[jbrownson0831]

Kamala Harris To Propose $25K Down Payment Support For First-Time Homeowners

To address the housing shortage, Harris will call for the construction of 3 million new housing units. Her plan includes introducing a tax incentive for builders who focus on creating starter homes for first-time buyers and expanding existing tax credits for affordable rental housing development.

www.ibtimes.com

Vice President Kamala Harris will announce a comprehensive four-year strategy on Friday aimed at reducing housing costs. The plan includes a $25,000 down payment assistance program for first-time homebuyers and incentives to boost new housing construction, according to Harris-Walz campaign officials.

Harris will reveal the plan during an economic policy speech in North Carolina, CNN reported.

Damn, vote buying much?

Don’t try to drop prices by making sound financial decisions for the whole country, just print money and buy votes!

Next week:

Breaking news!.....Home prices just shot up $25,000 overnight. Economists baffled.

So now I have to pay for someone elses house too?? And their school loan??

 

[Delldude]

Great news. IIRC, last quarter tax revenues were something like 76% went to US debt, while the other 24% went to run the country.

 

[1srelluc]

Free shit where a few are rewarded at the expense of everyone else?...What could go wrong?

It's like maybe 1/10th of the infrastructure bill money has been spent so far.....It's all going to union grift.

 

[Delldude]

So now I have to pay for someone elses house too?? And their school loan??

BOHICA

 

[22lcidw]

Progs play groups within classes against each other and have for many decades.

 

[Tommy Tainant]

Sounds like smart politics.. Buy less bombs to pay for it.

 

[pknopp]

Empty rhetoric.

 

[dblack]

Kamala Harris To Propose $25K Down Payment Support For First-Time Homeowners

To address the housing shortage, Harris will call for the construction of 3 million new housing units. Her plan includes introducing a tax incentive for builders who focus on creating starter homes for first-time buyers and expanding existing tax credits for affordable rental housing development.

www.ibtimes.com

Vice President Kamala Harris will announce a comprehensive four-year strategy on Friday aimed at reducing housing costs. The plan includes a $25,000 down payment assistance program for first-time homebuyers and incentives to boost new housing construction, according to Harris-Walz campaign officials.

Harris will reveal the plan during an economic policy speech in North Carolina, CNN reported.

Damn, vote buying much?

Don’t try to drop prices by making sound financial decisions for the whole country, just print money and buy votes!

Next week:

Breaking news!.....Home prices just shot up $25,000 overnight. Economists baffled.

Free shit!! For. The. Win!!

 

[jotathought]

What a brilliant plan! Let's have the government inject more free money into the economy, driving up demand for housing and resulting in higher valuations. The problem is, $25K against a $400K home still leaves them with a hefty monthly payment (about $2400), plus PMI, taxes, fees, closing costs, higher interest rates, homeowners insurance, and basic maintenance around the house. $25K sounds like a lot, but it's not that much in the context of buying a home.

 

[1srelluc]

Economic illiteracy doesn't even begin to describe Harris or the Democrats.

Imagine having scrimped and saved to buy a home only to get beat out by an offer from someone who received $25,000 from the government.

Now imagine that same person was also an illegal invader the dems gave a "pathway to citizenship" to.

 

[Woodznutz]

The "projects" were "affordable housing". Just return to that.

 

[Woodznutz]

What a brilliant plan! Let's have the government inject more free money into the economy, driving up demand for housing and resulting in higher valuations. The problem is, $25K against a $400K home still leaves them with a hefty monthly payment (about $2400), plus PMI, taxes, fees, closing costs, higher interest rates, homeowners insurance, and basic maintenance around the house. $25K sounds like a lot, but it's not that much in the context of buying a home.

True. Renting is much cheaper than owning. Building wealth through home ownership is a fallacy.

 

[1srelluc]

What a brilliant plan! Let's have the government inject more free money into the economy, driving up demand for housing and resulting in higher valuations. The problem is, $25K against a $400K home still leaves them with a hefty monthly payment (about $2400), plus PMI, taxes, fees, closing costs, higher interest rates, homeowners insurance, and basic maintenance around the house. $25K sounds like a lot, but it's not that much in the context of buying a home.

And it's the banks will be able to collect interest on the extra 25K when prices go up.

 

[protectionist]

Kamala Harris To Propose $25K Down Payment Support For First-Time Homeowners

To address the housing shortage, Harris will call for the construction of 3 million new housing units. Her plan includes introducing a tax incentive for builders who focus on creating starter homes for first-time buyers and expanding existing tax credits for affordable rental housing development.

www.ibtimes.com

Vice President Kamala Harris will announce a comprehensive four-year strategy on Friday aimed at reducing housing costs. The plan includes a $25,000 down payment assistance program for first-time homebuyers and incentives to boost new housing construction, according to Harris-Walz campaign officials.

Harris will reveal the plan during an economic policy speech in North Carolina, CNN reported.

Damn, vote buying much?

Don’t try to drop prices by making sound financial decisions for the whole country, just print money and buy votes!

Next week:

Breaking news!.....Home prices just shot up $25,000 overnight. Economists baffled.

OH, here come the bribes! right in time for the 2024 election. Hey, how come they didn't do this in 2021/2022 when millions of Americans were being kicked out of their apartments from skyrocketing rents ?

If they didn't do it then, they won't do it now.

Biden also recently talked about a 5% cap on rents. Great! Now that your rent is $2000/month for a 1 bedroom apartment. $750 when Trump was president.

Lock barn door after horse ran away.

 

[1srelluc]

Empty rhetoric.

Till it's not with a FKH win.....Remember all those spending bills? Much of that money has not yet been spent and it's all transferrable.....I read where only 1/10th of the infrastructure bill money has been spent thus far.

If FKH she gets elected, this country is so fucked.

There is no end to free shit from other people's money.

 

[dblack]

OH, here come the bribes! right in time for the 2024 election. Hey, how come they didn't do this in 2021/2022 when millions of Americans were being kicked out of their apartments from skyrocketing rents ?

If they didn't do it then, they won't do it now.

Biden also recently talked about a 5% cap on rents. Great! Now that your rent is $2000/month for a 1 bedroom apartment. $750 when Trump was president.

Lock barn door after horse ran away.

You'll be eating from the palm of her hand.

 

[Manonthestreet]

You know your govt has no clue when the solution to everything is more money

 

[protectionist]

You'll be eating from the palm of her hand.

Not me. And she won't be offering anything. Like I said > "If they didn't do it then, they won't do it now."