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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://x.com/gardnerakayla/status/1824205479054102939?s=61&t=I7ZozTDGmPOsC7cmSRxwgA[/twitter][/quote]

The first 2 offset each other. 25k to first time homebuyers will increase competition and [b]make the 3 million new homes obsolete. :lol:  [/b]We’ll be back  to a 2020 seller’s market or worse with those measures.

Zero economic instincts with Kamala but what can we expect from the woman who gave a billion dollars to fight climate change to Central American govts because she thought that was the reason for migration and the woman who fought for the Inflation reduction bill that didn’t work and failed?
:lol:[/quote]

Is a house “obsolete” if someone gets to live in it?  Your post only gets more nonsensical from there.

Some of you think you sound soooo smart and know so much about economics but it’s 100% Dunning Kruger at work.🤣😂[/quote]

You don’t get it.
The actual physical structure of a house is not obsolete. The construction of new homes with the intent to fix low supply and high demand  is what’s obsolete. 25,000 to first time homeowners will increase demand making the 3m new homes obsolete. Everyone  will be scrambling to purchase and buyers will start overbidding to compete. The market won’t get affordable for homebuyers if more homebuyers are in the market.[/quote]

No, I absolutely understand what you are trying to say and you are exaggerating at best. The 25k is only available to a limited pool of people, first time homebuyers- that is 1 million out of 300 million people in the US.  Plenty of jurisdictions have similar incentives.  The city of college park, MD offers 15k to employees who are first time homebuyers to buy in the city.  College park is still cheap for its location.  I’m sure there are other limitations like income and it might not be “free money,” but rather an interest free loan.  In most markets, this is… not a lot of money.  It may only serve to make a first time buyer slightly more competitive.  That leaves the 3 million units being built on top of regular building.  So no, they are not “obsolete.”[/quote]

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