Inflation Overload: Kamala Harris Will Propose $25,000 Govt Subsidies for First-Time Homebuyers

[justoffal]

So are there the usual income requirements from the bank, or will Commiela dictate lower standards for the good of…..equity….so that people who cannot afford a house will get to buy it, and with no skin in the game?

The average house in New Jersey is about $530,000, which would require an income of around $150,000. So affluent earners in the top quintile would get a big taxpayer windfall?

Below is a house listed for $525,000 in New Jersey, looks quite nice to me. Should we give an affluent family $25,000 to buy this, driving up housing costs even more? The Dems’ idea of giving people OPM so they can “afford stuff” just drives prices up more!

(And before the libs scream, “no it’s for the middle class earning $80,000” - news flash: they don’t earn enough to afford a house!)

Here’s a $525,000 house in the middle New Jersey:

344 East Ave, Clayton, NJ 08312 | MLS #NJGL2044910 | Zillow

This 2100 square feet Single Family home has 4 bedrooms and 2 bathrooms. It is located at 344 East Ave, Clayton, NJ.

www.zillow.com

So a couple comes to me and they're able to make the $35,000 down because they have a $25,000 boosting payment.

I sell them the house for $650K.

They get a lawyer and sue me for price gouging. I now go to jail.... Do they still have to pay their mortgage?

 

[justoffal]

To qualify for the assistance, women will have to prove they've had at least two abortions.

And twelve sex partners at least two of whom were Trans.

 

[Thinker101]

So are there the usual income requirements from the bank, or will Commiela dictate lower standards for the good of…..equity….so that people who cannot afford a house will get to buy it, and with no skin in the game?

The average house in New Jersey is about $530,000, which would require an income of around $150,000. So affluent earners in the top quintile would get a big taxpayer windfall?

Below is a house listed for $525,000 in New Jersey, looks quite nice to me. Should we give an affluent family $25,000 to buy this, driving up housing costs even more? The Dems’ idea of giving people OPM so they can “afford stuff” just drives prices up more!

(And before the libs scream, “no it’s for the middle class earning $80,000” - news flash: they don’t earn enough to afford a house!)

Here’s a $525,000 house in the middle New Jersey:

344 East Ave, Clayton, NJ 08312 | MLS #NJGL2044910 | Zillow

This 2100 square feet Single Family home has 4 bedrooms and 2 bathrooms. It is located at 344 East Ave, Clayton, NJ.

www.zillow.com

Dang, that would be a million dollar house in California.

 

[Blackrook]

And twelve sex partners at least two of whom were Trans.

And given blow jobs to co-workers and supervisors to gain an advantage in their career.

 

[justoffal]

Well, according to Walz DUI a few years back, he can't hear very well, Kamala doesn't listen very well.

K-Dog and Yellow Belly!

 

[justoffal]

And given blow jobs to co-workers and supervisors to gain an advantage in their career.

OHHHH! Most Definitely!

 

[1srelluc]

Dupe.

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

https://www.ibtimes.com/kamala-harris-propose-25k-down-payment-support-first-time-homeowners-3739948 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...

www.usmessageboard.com

 

[Ringo]

JD Vance: “we should have a $5,000 tax credit for new parents”
The media: “he’s working against childless Americans”
4 DAYS LATER
Kamala Harris: “let’s do $6,000”
The media: “she’s incredible”

 

[Marener]

Explain

Seems pretty logical. Pumping more money into the economy results in more inflation.

 

[Admiral Rockwell Tory]

So are there the usual income requirements from the bank, or will Commiela dictate lower standards for the good of…..equity….so that people who cannot afford a house will get to buy it, and with no skin in the game?

The average house in New Jersey is about $530,000, which would require an income of around $150,000. So affluent earners in the top quintile would get a big taxpayer windfall?

Below is a house listed for $525,000 in New Jersey, looks quite nice to me. Should we give an affluent family $25,000 to buy this, driving up housing costs even more? The Dems’ idea of giving people OPM so they can “afford stuff” just drives prices up more!

(And before the libs scream, “no it’s for the middle class earning $80,000” - news flash: they don’t earn enough to afford a house!)

Here’s a $525,000 house in the middle New Jersey:

344 East Ave, Clayton, NJ 08312 | MLS #NJGL2044910 | Zillow

This 2100 square feet Single Family home has 4 bedrooms and 2 bathrooms. It is located at 344 East Ave, Clayton, NJ.

www.zillow.com

I had a house in Kentucky almost like that. I sold it not quite 2 years ago for $230,000. NJ is obviously too expensive.

 

[Lisa558]

So a couple comes to me and they're able to make the $35,000 down because they have a $25,000 boosting payment.

I sell them the house for $650K.

They get a lawyer and sue me for price gouging. I now go to jail.... Do they still have to pay their mortgage?

Seems to me you can ask any price you want for a property you own, and a buyer can take it or leave it. In an economy without government interference, the market itself finds the “correct” price.

Ask too much, and you get no buyers. (Unless there’s a sucker, and that’s his fault.) Ask too little, and you’ll get a bidding war (which is sometimes an intentional strategy).

So, unless the Commiela gets in, of course you can’t get sued. It the Commie Couple get in, who knows? You can end up being charged fr just about anything.

 

[Lisa558]

I had a house in Kentucky almost like that. I sold it not quite 2 years ago for $230,000. NJ is obviously too expensive.

So what would happen to people who live and want to buy in NJ?

 

[justoffal]

Seems pretty logical. Pumping more money into the economy results in more inflation.

Actually depends on how you do it. EBT benefits for instance kind of pay for themselves by encouraging scale of production. At one point that would bring the prices down for everybody. However inflation has managed to erase that benefit.

 

[justoffal]

So what would happen to people who live and want to buy in NJ?

There's no benefit to selling and staying.

 

[task0778]

Tax cuts wouldn’t do the same thing?

Yes, IMHO. You shouldn't do tax cuts or more gov't subsidies unless the economy needs a boost and inflation is low. Neither is the case right now.

 

[justoffal]

Seems to me you can ask any price you want for a property you own, and a buyer can take it or leave it. In an economy without government interference, the market itself finds the “correct” price.

Ask too much, and you get no buyers. (Unless there’s a sucker, and that’s his fault.) Ask too little, and you’ll get a bidding war (which is sometimes an intentional strategy).

So, unless the Commiela gets in, of course you can’t get sued. It the Commie Couple get in, who knows? You can end up being charged fr just about anything.

Oh....the potential fuck ups in this thing are just about endless.

 

[Lisa558]

There's no benefit to selling and staying.

What about people with jobs in NJ?

 

[Lisa558]

Oh....the potential fuck ups in this thing are just about endless.

I’m listening to the Lying Scam Artist “talk” now - she’s going on about the $25,000 downpayment and “ending the housing shortage.”

She didn’t mention where the money will come from (although I’ve been muting her on and off as the nausea starts to build). And now she’s saying that Trump’s plan will punish working people, while hers helps them.

Her entire plan is just giving money to more people. It’s the same old Dem platform - lots of promised giveaways, and with no plan as to how to pay for them.

 

[Marener]

Actually depends on how you do it. EBT benefits for instance kind of pay for themselves by encouraging scale of production. At one point that would bring the prices down for everybody. However inflation has managed to erase that benefit.

All spending “encourages” production, but it doesn’t necessarily guarantee it depending on other factors, such as labor supply and trade policy.

 

[justoffal]

I’m listening to the Lying Scam Artist “talk” now - she’s going on about the $25,000 downpayment and “ending the housing shortage.”

She didn’t mention where the money will come from (although I’ve been muting her on and off as the nausea starts to build). And now she’s saying that Trump’s plan will punish working people, while hers helps them.

Her entire plan is just giving money to more people. It’s the same old Dem platform - lots of promised giveaways, and with no plan as to how to pay for them.

Yeah....clueless....it will actually make the housing shortage worse. Better to take 200 and build a house....it would have a more long lasting effect.