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

[Freedomisneverfree]

She's making all these campaign promises but most or all of them need to be approved first

 

[Lisa558]

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.

You can’t build a house for $200!

 

[BluesLegend]

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

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Entry level homes oddly increase in price by $25,000.

 

[Lisa558]

She's making all these campaign promises but most or all of them need to be approved first

And she’s not saying where the money is going to come from! Just a lot of pipe dream handouts.

She speaks with authority, and says nothing.

 

[Lisa558]

Entry level homes oddly increase in price by $25,000.

And since first-time homebuyers have no skin in the game, they will simply abandon their houses if the prices drop and they are upside down on the mortgage.

A downpayment is designed to prove you have the financial wherewithal to save $25,000 for a house purchase. If you can’t do that, they you really cannot afford a house.

 

[BluesLegend]

And she’s not saying where the money is going to come from! Just a lot of pipe dream handouts.

She speaks with authority, and says nothing.

You know, where all that other money comes from your grandkids and great grandkids broke ass future. Harris is maxing out credit cards in their name.

 

[Lisa558]

You know, where all that other money comes from your grandkids and great grandkids broke ass future. Harris is maxing out credit cards in their name.

She is a total fake. I can’t believe Americans are falling for this.

And her lie about price gouging? Grocery stores have a profit margin of around 1%. If they are prohibited from raising prices when their costs go up, they’re sure not going to sell at a LOSS. This will lead to empty shelves.

 

[HeyNorm]

Because government money is endless, as fast as the printing presses can run, Harris wants to put the government in the home buying business.

It's all about "federal subsidies". The money never ends when it's someone else's momey.

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

VP Kamala Harris will propose sweeping new federal subsidies for first-time homebuyers Friday when she addresses a rally in North Carolina.

www.breitbart.com

Vice President Kamala Harris will outline sweeping new federal subsidies for first-time homebuyers Friday when she addresses a rally in North Carolina.
Bloomberg reports the 2024 Democratic presidential nominee will propose offering as much as $25,000 for first-time homeowners as down payment aid via funding provided by taxpayers.
Under the program, more than one million first-time home buyers who have a two-year history of on-time rent payments would be eligible for “down-payment support” and leverage into a purchase.
The plan to subsidize housing demand followed an earlier announcement Harris wanted to impose government-controlled pricing on grocery stores in order to protect American consumers from grocery store price hikes, as Breitbart News reported.

Harris’s housing proposal, which is designed to ease the progress of young buyers onto the property ladder, has sparked critics to ask: Won’t every home-seller just increase their sale price by $25,000?
Harris will apparently offer details on the plan during a speech in Raleigh, North Carolina, according to campaign officials.
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The initiative would only be open to individuals who have consistently paid their rent on time for at least two years as Harris seeks to stop the fall in homeownership the Biden administration has been party to.

“For many Americans, paying rent and other bills makes it nearly impossible to save for a down payment, effectively locking them out of the housing market,” Harris’s campaign said in a statement. “This plan will give them the opportunity to own a home and build wealth.”
The vice president’s office has not yet disclosed the full mechanics of how the $25,000 support will be delivered, though it is anticipated to be a direct grant rather than a tax credit, the Maine Wire reports.

No indication has been given of the exact sum total the government is expecting to disperse in the taxpayer-funded handout or how this will impact inflation.

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Everybody even thinking about selling their home will immediately hike their price by $25,000.

The only person that is going to do good with proposal will be the sellers. The buyers will just get a home at the same price they would have before.

And, anyone who pays property tax will have their taxes rise even more because the comparable homes will be selling for $25K more.

What a completely idiotic idea.

 

[BluesLegend]

She is a total fake. I can’t believe Americans are falling for this.

And her lie about price gouging? Grocery stores have a profit margin of around 1%. If they are prohibited from raising prices when their costs go up, they’re sure not going to sell at a LOSS. This will lead to empty shelves.

Democrat ASSHOLES always LIE and blame others for their screw ups. Demonizing and deflecting is the foundation on which their party sits.

 

[task0778]

She is a total fake. I can’t believe Americans are falling for this.

And her lie about price gouging? Grocery stores have a profit margin of around 1%. If they are prohibited from raising prices when their costs go up, they’re sure not going to sell at a LOSS. This will lead to empty shelves.

And it kinda puts the squeeze on small mom and pop stores too.

 

[BluesLegend]

And it kinda puts the squeeze on small mom and pop stores too.

What's needed is to put a stop to TAX gouging. Every dollar of price increases is taxed resulting in a windfall for government.

 

[Marener]

She is a total fake. I can’t believe Americans are falling for this.

And her lie about price gouging? Grocery stores have a profit margin of around 1%. If they are prohibited from raising prices when their costs go up, they’re sure not going to sell at a LOSS. This will lead to empty shelves.

When it comes to food, corporate profits account for about half of the inflation we’ve seen.

But you haven’t been told that.

 

[Lisa558]

When it comes to food, corporate profits account for about half of the inflation we’ve seen.

But you haven’t been told that.

Grocery stores get 1% profit. So why try to fix their prices?

And news flash: prices don’t cause inflation; higher prices are a result of inflation.

 

[Marener]

Grocery stores get 1% profit. So why try to fix their prices?

And news flash: prices don’t cause inflation; higher prices are a result of inflation.

We aren’t talking about grocery stores causing inflation. This is about the companies that manufacture the food.

Higher prices ARE inflation. If all the food manufacturing companies increase their prices, that’s inflation. If they all increase their prices to earn more profits, that’s still inflation.

 

[Lisa558]

We aren’t talking about grocery stores causing inflation.

Higher prices ARE inflation. If all the food manufacturing companies increase their prices, that’s inflation. If they all increase their prices to earn more profits, that’s still inflation.

Oye. They increase their prices because of the inflation of the underlying costs.

And you say we’re not talking about grocery stores? Maybe you ahould do some research instead of blindly supporting the DEI pick. She has said she wants to fix grocery prices.

 

[Hollie]

And since first-time homebuyers have no skin in the game, they will simply abandon their houses if the prices drop and they are upside down on the mortgage.

A downpayment is designed to prove you have the financial wherewithal to save $25,000 for a house purchase. If you can’t do that, they you really cannot afford a houhousea down payment

Everybody even thinking about selling their home will immediately hike their price by $25,000.

The only person that is going to do good with proposal will be the sellers. The buyers will just get a home at the same price they would have before.

And, anyone who pays property tax will have their taxes rise even more because the comparable homes will be selling for $25K more.

What a completely idiotic idea.

The problem with the "fee money" is a willingness to "overbuy". A bigger down payment for a bigger house and the very people who aren't good with finances will look to Adjustable rate mortgages.

The country has been here, done that before.

 

[CrusaderFrank]

That will only drive up the house prices.

…and inflation, but that’s the whole point

 

[Marener]

Oye. They increase their prices because of the inflation of the underlying costs.

And you say we’re not talking about grocery stores? Maybe you ahould do some research instead of blindly supporting the DEI pick. She has said she wants to fix grocery prices.

Some of the increase is due to the underlying costs. Half of the inflation just went to corporate profits.

Not sure where you got that this proposal was focused on grocery stores. The media you consume lies to you all the time about Dems and their policies. Either that or you’re just jumping to conclusions without really knowing what you’re talking about.

 

[Lisa558]

Some of the increase is due to the underlying costs. Half of the inflation just went to corporate profits.

Not sure where you got that this proposal was focused on grocery stores. The media you consume lies to you all the time about Dems and their policies. Either that or you’re just jumping to conclusions without really knowing what you’re talking about.

What corporate profits?! I’ve just told you that the profit margin for grocery stores is 1%.

Stop falling for the liberal lie of blaming the mean businesses. Everything is so against business with you people. Grocery stores are entitled to make 1% profit on their sales. If the DEI pick insists on fixing their prices, there will be a food shortage.

Price controls DO NOT WORK.

 

[HeyNorm]

Some of the increase is due to the underlying costs. Half of the inflation just went to corporate profits.

Not sure where you got that this proposal was focused on grocery stores. The media you consume lies to you all the time about Dems and their policies. Either that or you’re just jumping to conclusions without really knowing what you’re talking about.

I hope you guys get good at farming. It ain’t easy and if Harris gets elected you better learn fast. And us in flyover country, ain’t gonna teach ya