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

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are two types of people in this world, people who go through struggles and relish in seeing others struggle, and people who go through struggles and work towards making sure nobody else has to go through what they did.

The former are awful, bitter people, the kind of people who perpetuate cycles of abuse. The latter are the kind, decent people who make this world a better place.

I guess we know which kind you are.

Person is not bitter, just pointing out poor economic policy. Obviously, you never took an economics class either.

All it will do is raise the price of buying a home, in the same way that government backed student loans increased college costs.

Anyone with a couple of working brain cells gets this. This will ease no one’s struggles but it will work to keep inflation going strong.

Sadly too few see the fallacy of the proposition.

+1 It's a vote getting scheme that will not sway independent voters.

[Anonymous]

Anonymous wrote:If more people in your community can afford to buy a house, the value of your house increases, by much much more than the penny or two of your taxes that might contribute to the program.

Yeah...so much so that that the property taxes skyrocket more than they already are...forcing more people to move out or rent out rooms to help pay for the taxes.

That's really what I want?

[Anonymous]

When we were buying our first home in DC, a condo, there was a credit for first time home buyers. It definitely helped with getting into the home buying market.


This is not a handout, it is a hand up.


This is just concern trolling.

There will be lots of opportunity to debate specifics and make a plan that makes economic sense, the point is she is looking for ways to help people help themselves.

Should we not give tax breaks to businesses because it creates demand for whatever the investments to be encouraged are? Increased demand, increased prices, silly economic policies according to all the economists on DCUM.

[Anonymous]

I'm tired of people talking about home ownership as if it is good policy to encourage such. It isn't. It is bad for labor mobility, expensive, and generally just serves to increase housing prices, including rentals. Policies like this are mostly just giveaways to banks and to the real estate industry. Plus, the money has to come from somewhere.

I'm kind of tired of this populism/buying-of-votes that we are seeing right now from both major candidates. The result, if implemented, will be bad, expensive policy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are two types of people in this world, people who go through struggles and relish in seeing others struggle, and people who go through struggles and work towards making sure nobody else has to go through what they did.

The former are awful, bitter people, the kind of people who perpetuate cycles of abuse. The latter are the kind, decent people who make this world a better place.

I guess we know which kind you are.

What a load of drivel. A candidate promising freebies to potential voters at the expense of hardworking taxpayers does not make the latter "awful, bitter people."

+100. I grew up poor...getting 2nd hand clothes from the church basement. My parents worked hard and sacrificed alot coming to the US for a better life, they learned the English language, etc. I worked all my life, even as a kid cleaning houses. It's called having a strong "work ethic"!!! As a first generation college grad I continued to work hard. Then once I had kids one of the most important lessons I taught them was also to have a "strong work ethic". Ever since they turned 16 they have had full summertime jobs. Fast forward to now having my own college grads with jobs...they are both known for having a strong work ethic. My job is done.

I understand the need to give someone a leg up...but instead of a complete handout how about providing affordable "starter homes"?? I mean...nobody should be looking for their forever home that is beyond their means. Just like a job...start at the bottom and work your way up.

I'll pay taxes for education and food, etc., but not to give anyone handout of $25K.

The problem is the whole mindset of "needing" everything...needing a huge home, needing a fancy car. Affordable starter homes is what we need.

And focus on education...there is such as huge need/gap in certain areas where they are desperate for workers (from teachers to trades workers)....for those specific areas...that is the only scenario where I can see offering subsidized
housing/$25k help.

Not free...but significantly reduced college tuition for those entering the trades and those earning a teaching degree (and any other areas where there are significant gaps)..followed by incentives such as subsidized housing/$25k help, but only on the condition they enter the trades/teaching and only while they remain in trades/teaching.

I don’t disagree with you about the need for more affordable starter homes, but there is no way to make that happen at the federal level. These decisions are made at the state and local level and we live in a country where people wield whatever power they have to prevent more housing- particularly low and moderate income housing- in their neighborhoods. I’m seeing it play out right in my neighborhood. Congress would have to pass laws that dramatically change land use decision making in the US. Even if that happened, I doubt the Supreme Court would uphold it. So, that leaves us with options like the $25k proposal to help make homeownership more accessible.

[Anonymous]

I’d rather see limits on corporations buying SFHs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are two types of people in this world, people who go through struggles and relish in seeing others struggle, and people who go through struggles and work towards making sure nobody else has to go through what they did.

The former are awful, bitter people, the kind of people who perpetuate cycles of abuse. The latter are the kind, decent people who make this world a better place.

I guess we know which kind you are.

What a load of drivel. A candidate promising freebies to potential voters at the expense of hardworking taxpayers does not make the latter "awful, bitter people."

+100. I grew up poor...getting 2nd hand clothes from the church basement. My parents worked hard and sacrificed alot coming to the US for a better life, they learned the English language, etc. I worked all my life, even as a kid cleaning houses. It's called having a strong "work ethic"!!! As a first generation college grad I continued to work hard. Then once I had kids one of the most important lessons I taught them was also to have a "strong work ethic". Ever since they turned 16 they have had full summertime jobs. Fast forward to now having my own college grads with jobs...they are both known for having a strong work ethic. My job is done.

I understand the need to give someone a leg up...but instead of a complete handout how about providing affordable "starter homes"?? I mean...nobody should be looking for their forever home that is beyond their means. Just like a job...start at the bottom and work your way up.

I'll pay taxes for education and food, etc., but not to give anyone handout of $25K.

The problem is the whole mindset of "needing" everything...needing a huge home, needing a fancy car. Affordable starter homes is what we need.

And focus on education...there is such as huge need/gap in certain areas where they are desperate for workers (from teachers to trades workers)....for those specific areas...that is the only scenario where I can see offering subsidized
housing/$25k help.

Not free...but significantly reduced college tuition for those entering the trades and those earning a teaching degree (and any other areas where there are significant gaps)..followed by incentives such as subsidized housing/$25k help, but only on the condition they enter the trades/teaching and only while they remain in trades/teaching.

I don’t disagree with you about the need for more affordable starter homes, but there is no way to make that happen at the federal level. These decisions are made at the state and local level and we live in a country where people wield whatever power they have to prevent more housing- particularly low and moderate income housing- in their neighborhoods. I’m seeing it play out right in my neighborhood. Congress would have to pass laws that dramatically change land use decision making in the US. Even if that happened, I doubt the Supreme Court would uphold it. So, that leaves us with options like the $25k proposal to help make homeownership more accessible.

But not to just anyone. Use the $25K proposal to basically kill two birds at one time...use it as an incentive to bridge the serious gaps we have in our labor force. It's not rocket science.

[Anonymous]

It’s only going to lead to increased home prices.

[Anonymous]

Just listed my condo for $800,000.

Updated today to $825,000.

See how that works?

[Anonymous]

Anonymous wrote:As a single mother, had to work for 8 years to save $28,000 towards the down payment on my first home. Once I got it (150 years old farmhouse with 1100sq ft space), I had to gut it ALL with my own hands, learning how to do framing, drywall, electrical, plumbing, pouring concrete subfloors, as I could not afford any contractors. Everything was properly inspected and approved by my local town and electrical inspectors.

After I paid my own down payment, NOW I HAVE TO CONTINUE WORKING LIKE A DOG TO FINANCE WITH MY FEDERAL INCOME TAXES $25,000 DOWNPAYMENT FOR OTHERS? Why? What do I owe all those people?

This is like saying it took me years to leave my abusive husband so I should Jan get to choose to leave hers after only a month.

You should be very proud of what you did but no one should have to struggle like you did and we have to course correct?

[Anonymous]

Imagine if great-grandparents said well, I never got a vote so why should the next generation of women.... I mean come on people. Let's stop turning on each other and turn on the billionaires

[Anonymous]

This is a good idea, but should only be the start. The government should also forgive 1/4 of the mortgage for every kid they have. Unfortunately, no current government actually loves its own people enough to do that.

[Anonymous]

Anonymous wrote:I am going to guess house prices will mysteriously go up by $25,000 since there will be more competition. What's the plan to hold house prices constant?

+1

[Anonymous]

Anonymous wrote:This would be a huge win for the banks and lenders.

Kinda like the sweet deal they have with colleges.

I’m sure this money will lower home buying costs.

[Anonymous]

The better policy would involve limits on air BnbB and corporate ownership of residential properties.