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Political Discussion
Reply to "$25K in down-payment support for 1st-time homebuyers"
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[quote=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.[/quote]
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