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

[Anonymous]

Anonymous wrote:Isn't the problem not the number of houses but that corporations like Zillow can buy up hundreds of houses and drive up costs?

Of course.it's always the greedy corporations. Always.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Idiotic.

Democrats never learn. Free money drives up prices.

If everyone is given free $25,000 you know what I'll logically do in return? Automatically raise the price of my house by $25,000.

+1. How did those COVID programs work out for everyone???? Ahh, yes - they kickstarted the highest inflation rates in decades.

Nope. That’s an uninformed and unsupported opinion. Covid inflation was not caused by too much spending. The global economy shut down because of Covid. Supply chains, labor markets, transportation, everything was turned off and had to be rebuilt with different suppliers, workers, etc. that is what caused global inflation, but inflation was lower in the US than everywhere else.

It has been caused by increasing the money supply. Money printing. High school kids learn about this in AP Econ.

Some posters here think that Biden's massive fiscal deficits AFTER the covid scare was over didn't have anything to do with the inflation that took off AFTER Biden took over.

You can't reason with magical thinkers

[Anonymous]

unfortunately this is too similar to the easy lending laws that led to skyrocketing university tuition increases. In the case of Universities, they should have allowed the lendee to declare bankruptcy like everybody else to make lenders more cautious, but that would have stopped the lending-tuition party. In this case, the right solution is to highly tax anything beyond owning a single home. That will cause the prices to come down fast and the availability to increase. all "free lunch" schemes are just a way to seduce us into ignoring how the present laws benefit the oligarchy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Idiotic.

Democrats never learn. Free money drives up prices.

If everyone is given free $25,000 you know what I'll logically do in return? Automatically raise the price of my house by $25,000.

+1. How did those COVID programs work out for everyone???? Ahh, yes - they kickstarted the highest inflation rates in decades.

Nope. That’s an uninformed and unsupported opinion. Covid inflation was not caused by too much spending. The global economy shut down because of Covid. Supply chains, labor markets, transportation, everything was turned off and had to be rebuilt with different suppliers, workers, etc. that is what caused global inflation, but inflation was lower in the US than everywhere else.

It has been caused by increasing the money supply. Money printing. High school kids learn about this in AP Econ.

Some posters here think that Biden's massive fiscal deficits AFTER the covid scare was over didn't have anything to do with the inflation that took off AFTER Biden took over.

You can't reason with magical thinkers

+1
And who was the vice president who cast the vote necessary for that legislation to pass? Hmm.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s only going to lead to increased home prices.

Kamala doesn’t understand basic economics

She doesn’t need to. Her job is to obey her handlers and sign wherever there’s an arrow on a sticky.

[Anonymous]

Anonymous wrote:I’d rather see limits on corporations buying SFHs.

+1000 and investors in general especially those outside the U.S.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Isn't the problem not the number of houses but that corporations like Zillow can buy up hundreds of houses and drive up costs?

Of course.it's always the greedy corporations. Always.

Not always but in this case it really is. I get corporations calling me to buy my home routinely. Also the airbnb investors- many are not even from the U.S. It is also a problem in Europe.

[Anonymous]

Anonymous wrote:unfortunately this is too similar to the easy lending laws that led to skyrocketing university tuition increases. In the case of Universities, they should have allowed the lendee to declare bankruptcy like everybody else to make lenders more cautious, but that would have stopped the lending-tuition party. In this case, the right solution is to highly tax anything beyond owning a single home. That will cause the prices to come down fast and the availability to increase. all "free lunch" schemes are just a way to seduce us into ignoring how the present laws benefit the oligarchy.

But whatabout Hunter’s laptop?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Isn't the problem not the number of houses but that corporations like Zillow can buy up hundreds of houses and drive up costs?

Of course.it's always the greedy corporations. Always.

A huge issue with home supply is related to investors buying homes to use as short-term rentals à la air bnb. If the gov better regulated this, we'd knock out a good chunk of the our issues. It's not that hard.

As a test, I ran a search on airbnb.com and there are thousands of full homes (not rooms) to rent in the DC area.