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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This just another dumb Harris idea.  She apparently learned from Biden to just simply buy votes with Government handouts.

It will never pass.[/quote]
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. [/quote]

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

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?[/quote]

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. [/quote]

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.
[/quote]

Your premise is ridiculous. That’s not how economics works. There are dozens of programs that give assistance to individuals, businesses, farmers, banks, local governments, etc. There is not one program in which a subsidy of $N results in a price increase of $N. Any price increase would be minimal. The purpose is to incentivize building more modestly priced homes. This not a zero-sum game where the existing housing stock is all there is. [/quote]

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