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]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. [/quote]

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

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. [/quote]

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

That’s fairy tale Econ. It’s not what happened during the Pandemic. The economy crashed. All of the efficiency of complex supply chains evaporated. Global shipping shut down. Workers retired and were furloughed and then had to be replaced with less efficient new hires. The U.S. had lower inflation than the rest of the world. Sorry, but it appears that basic facts are over your head. [/quote]

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