$25K in down-payment support for 1st-time homebuyers

[Anonymous]

Anonymous wrote:So this simply means housing prices will rise by $25,000 (or more). Has anyone told Harris this?

They're trying to explain the problem with school vouchers to Republicans.

It's not going well.

[Anonymous]

The mortgage tax deduction is "free money" too. I assume you want to get rid of that?

We should, yes. It, too, is a giveaway to the real estate industry, with no real policy justification. Also, we can't afford it.

[Anonymous]

I got my first house through a government program. So happy it was there for me. It gave me the boost that I needed. I think it's great.

[Anonymous]

Anonymous wrote:This will just lead to homes costing $25k more. People can’t be this stupid, right?

- lifelong Dem who will never vote for Trump

+100

This is basic logic. I think people truly do not comprehend this very basic point.

[Anonymous]

We need more homeowners in the younger generation. We need people rooted and invested in their neighborhoods and communities. If you can afford $2000 for rent you can afford $2000 for a mortgage. Hopefully this would lower the bar for people to get into their own homes.

[Anonymous]

Anonymous wrote:This is the 1,454th time the Democrats decide to throw money at a problem in a way that will only make the problem worse. They are morons.

The volumes of money that Republicans have thrown at banking bailouts, corporate bailouts, tax cuts for billionaires that they don't need, tax cuts for megacorporations that companies don't need, allowing offshore tax dodges and, along with lying so that we could go to war in Iraq and so on is in the DOUBLE-DIGIT-TRILLIONS. It by far dwarfs whatever your 1,454 things (and most of that number is just hyperbole that you made up) that you think Dems have thrown money at.

[Anonymous]

Anonymous wrote:This will just lead to homes costing $25k more. People can’t be this stupid, right?

- lifelong Dem who will never vote for Trump

People continually underestimate the number of stupid people. A Cal Berkeley professor studied it, here is a brief overview of his findings.

https://m.youtube.com/watch?v=TGr8bMTSD4s

[Anonymous]

Anonymous wrote:

Anonymous wrote:This will just lead to homes costing $25k more. People can’t be this stupid, right?

- lifelong Dem who will never vote for Trump

+100

This is basic logic. I think people truly do not comprehend this very basic point.

It isn’t that simple. $25k down payment assistance for a subset of moderate income homebuyers who would still have to qualify for a mortgage would not add $25k to the cost of homes. It would have less effect on housing prices than a Fed cut in interest rates would.

[Anonymous]

Anonymous wrote:We need more homeowners in the younger generation. We need people rooted and invested in their neighborhoods and communities. If you can afford $2000 for rent you can afford $2000 for a mortgage. Hopefully this would lower the bar for people to get into their own homes.

Except it's not only about lack of affordability. The younger generations are not quick to settle down in one place and have the responsibility and headaches that come with home ownership. Heck just look at the workplace? How many Gen Zs stick it out more than 10-20 yrs at the same company?

[Anonymous]

Anonymous wrote:

Anonymous wrote:We need more homeowners in the younger generation. We need people rooted and invested in their neighborhoods and communities. If you can afford $2000 for rent you can afford $2000 for a mortgage. Hopefully this would lower the bar for people to get into their own homes.

Except it's not only about lack of affordability. The younger generations are not quick to settle down in one place and have the responsibility and headaches that come with home ownership. Heck just look at the workplace? How many Gen Zs stick it out more than 10-20 yrs at the same company?

No one stays at the same company anymore, but people stay in the same town/city.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We need more homeowners in the younger generation. We need people rooted and invested in their neighborhoods and communities. If you can afford $2000 for rent you can afford $2000 for a mortgage. Hopefully this would lower the bar for people to get into their own homes.

Except it's not only about lack of affordability. The younger generations are not quick to settle down in one place and have the responsibility and headaches that come with home ownership. Heck just look at the workplace? How many Gen Zs stick it out more than 10-20 yrs at the same company?

How many companies are offering longterm employment with the benefits that Boomers took for granted?

I don't know why you're blaming Gen Z for the policies of corporations run by Boomers and Gen X (I'm a just-barely Boom, fwiw)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This just another dumb Harris idea. She apparently learned from Biden to just simply buy votes with Government handouts.

It will never pass.

This. It’s sickening how all their ideas come down to thinly-veiled bribes to whichever voters they’re trying to court. And I’m a Democrat.

+1
Free phones, free college education, now free down payments. What’s next, I wonder.

I 100% guarantee that within months of this free money being handed out, if it does happen, there will be complaints that it isn't sufficient. "I need a house in a GOOD school district for my kids" "I need a house with enough bedrooms for all my kids" "I need a house that's brand-new because I work 3 jobs and don't have time to make repairs." And the party of Joy will cry out at the cruelty of ONLY giving out $25k and can't we do better?

Uh, I realize you meant that as some kind of mean spirited sarcasm, but here’s the thing - you’re so hateful you don’t even realize those are all valid points and should all be addressed.

$25k isn’t enough. Mostly because greedy people (like you) will just raise your home prices $25k. So really it should be $100k, not $25k


As for school districts, yes - we SHOULD be helping single moms live in better school districts because better education means kids escape multigenerational poverty.

New homes? Absolutely. What single mother has enough time or knowledge to deal with a fixer upper home in whatever little off time she has from her multiple jobs.

A house with multiple bedrooms? Uh, yes. Do you really expect brothers and sisters to stay in the same bedroom past 10-12 years old? Why would think it’s ok to subject a young girl to that? Sicko.


So yes, we CAN do better than $25k. That’s basically nothing.

Why the focus on single moms? Let’s give all of this to everyone!!! So much joy we would all have. So much unburdening.

[Anonymous]

Anonymous wrote:

The mortgage tax deduction is "free money" too. I assume you want to get rid of that?

We should, yes. It, too, is a giveaway to the real estate industry, with no real policy justification. Also, we can't afford it.

Excellent. Encourage politicians to make it happen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This will just lead to homes costing $25k more. People can’t be this stupid, right?

- lifelong Dem who will never vote for Trump

+100

This is basic logic. I think people truly do not comprehend this very basic point.

It isn’t that simple. $25k down payment assistance for a subset of moderate income homebuyers who would still have to qualify for a mortgage would not add $25k to the cost of homes. It would have less effect on housing prices than a Fed cut in interest rates would.

What the heck does that mean? If you can’t afford it, you can’t afford it. Life’s not fair.

What do they define as “moderate income homebuyers”?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This just another dumb Harris idea. She apparently learned from Biden to just simply buy votes with Government handouts.

It will never pass.

This. It’s sickening how all their ideas come down to thinly-veiled bribes to whichever voters they’re trying to court. And I’m a Democrat.

+1
Free phones, free college education, now free down payments. What’s next, I wonder.

I 100% guarantee that within months of this free money being handed out, if it does happen, there will be complaints that it isn't sufficient. "I need a house in a GOOD school district for my kids" "I need a house with enough bedrooms for all my kids" "I need a house that's brand-new because I work 3 jobs and don't have time to make repairs." And the party of Joy will cry out at the cruelty of ONLY giving out $25k and can't we do better?

Uh, I realize you meant that as some kind of mean spirited sarcasm, but here’s the thing - you’re so hateful you don’t even realize those are all valid points and should all be addressed.

$25k isn’t enough. Mostly because greedy people (like you) will just raise your home prices $25k. So really it should be $100k, not $25k


As for school districts, yes - we SHOULD be helping single moms live in better school districts because better education means kids escape multigenerational poverty.

New homes? Absolutely. What single mother has enough time or knowledge to deal with a fixer upper home in whatever little off time she has from her multiple jobs.

A house with multiple bedrooms? Uh, yes. Do you really expect brothers and sisters to stay in the same bedroom past 10-12 years old? Why would think it’s ok to subject a young girl to that? Sicko.


So yes, we CAN do better than $25k. That’s basically nothing.

DP. Are you stupid? Sellers won’t ACTUALLY have to raise their price by 25k because the offers will already be coming in padded with that 25k. But the home price will go up by 25k regardless.

In the DMV that won’t matter much. But in places like Detroit, it would. 100k house becomes 125k house and so on and so forth. How is that helping affordability overall? The next group of buyers is going to need 30k. Are we just going to keep throwing money at it forever?

It is literally just like higher ed. The more money thrown at it, the more expensive and unaffordable it becomes, so then you throw more money at it. An endless cycle.

As things get more expensive, what does this actually do for affordability in the long run? Or for SUPPLY?

None of these problems will be solved unless supply is addressed. And that is difficult to address at a federal level.

As much as I hate Trump, Harris’s economic policies are absolute trash and going to do nothing but lead to more inflation and less affordability because it moves the goalposts further and further out.

Our 2 choices are very grim. But now I’m sort of hoping Trump gets elected and just doesn’t accomplish much. Because honestly sometimes the best thing for government to do is just to do nothing.