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Political Discussion
Reply to "$25K in down-payment support for 1st-time homebuyers"
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[quote=Anonymous]This isn't going to solve the affordability problem. Giving away $25k cash will not stop what makes home buying out of reach. There are parts of the country where corporations purchase entire neighborhoods of single family homes. That has to stop, along with foreign nationals purchasing homes. Of course neither party will address those types of root causes because their donors are the cause of the problem as well as the beneficiary of the solutions to these problems. Of course banks want to see you get a free $25k! Similar to student loan debt forgiveness and healthcare. As long as the government is giving out free money, there is no incentive to stabilize costs. The institutions, corporations and individuals invested in these areas will continue to profit from the government at the taxpayers expense. There are some (like in this thread) that just get a feel good moment from being the benevolent taxpayer giving money to those poorer than themselves and have the added bonus of calling others who question the effectiveness of this policy bitter. In reality billionaires are laughing all the way to the bank on this policy. [/quote]
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