Anonymous
Post 08/18/2024 19:06     Subject: Re:$25K in down-payment support for 1st-time homebuyers

Anonymous wrote:I'm tired of people talking about home ownership as if it is good policy to encourage such. It isn't. It is bad for labor mobility, expensive, and generally just serves to increase housing prices, including rentals. Policies like this are mostly just giveaways to banks and to the real estate industry. Plus, the money has to come from somewhere.

I'm kind of tired of this populism/buying-of-votes that we are seeing right now from both major candidates. The result, if implemented, will be bad, expensive policy.

Are you a renter or home owner?
Anonymous
Post 08/18/2024 19:04     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:
Anonymous wrote:There are two types of people in this world, people who go through struggles and relish in seeing others struggle, and people who go through struggles and work towards making sure nobody else has to go through what they did.

The former are awful, bitter people, the kind of people who perpetuate cycles of abuse. The latter are the kind, decent people who make this world a better place.

I guess we know which kind you are.



Person is not bitter, just pointing out poor economic policy. Obviously, you never took an economics class either.

All it will do is raise the price of buying a home, in the same way that government backed student loans increased college costs.

Anyone with a couple of working brain cells gets this. This will ease no one’s struggles but it will work to keep inflation going strong.

Sadly too few see the fallacy of the proposition.


So does mortgage deductions. A lot of people home purchases were based on tax deduction advantages.
Anonymous
Post 08/18/2024 18:46     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Is this money guaranteed to go to American citizens only? Because if so I MIGHT be ok with this. But somehow I doubt it.
Half the townhouses in my parents' complex are now owned by a Chinese national who lives in China. Really stellar landlord. I wonder if he would have been eligible for this when he bought the first one.


"We can't possibly try this thing that will help people because the imaginary people in my head might take advantage of it."

Dumbest logic ever. Imagine if we never implemented Social Security because some scammer might have gotten benefits they didn't deserve.

Who. The. Hell. Cares? "I'd rather let millions suffer so one undeserving person doesn't benefit" is a pathetic and reprehensible way to go through life.


Do you think that the countries with socialized medicine allow non-citizens to sign up? Do you think Japan's attitude about foreigners not paying their hospital bills is "Who. The. Hell. Cares?"
Of course not. Nations who take care of their citizens make sure they are only taking care of THEIR CITIZENS.


This!!!!! Fine with handouts and subsidies IF it only goes to US citizens and Green Card holders.
Anonymous
Post 08/18/2024 18:37     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:As a single mother, had to work for 8 years to save $28,000 towards the down payment on my first home. Once I got it (150 years old farmhouse with 1100sq ft space), I had to gut it ALL with my own hands, learning how to do framing, drywall, electrical, plumbing, pouring concrete subfloors, as I could not afford any contractors. Everything was properly inspected and approved by my local town and electrical inspectors.

After I paid my own down payment, NOW I HAVE TO CONTINUE WORKING LIKE A DOG TO FINANCE WITH MY FEDERAL INCOME TAXES $25,000 DOWNPAYMENT FOR OTHERS? Why? What do I owe all those people?


I did not get a credit or free money for a child tax credit because I did not have children. Why is the government spending my hard earned money for people who choose to have children and require my money to support. You probably also receive a tax deduction on your home. Why should people who purchased their homes with all cash subsidize you on your home. It's not fair. Freeloader.
Anonymous
Post 08/18/2024 18:24     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:
Anonymous wrote:Is this money guaranteed to go to American citizens only? Because if so I MIGHT be ok with this. But somehow I doubt it.
Half the townhouses in my parents' complex are now owned by a Chinese national who lives in China. Really stellar landlord. I wonder if he would have been eligible for this when he bought the first one.


"We can't possibly try this thing that will help people because the imaginary people in my head might take advantage of it."

Dumbest logic ever. Imagine if we never implemented Social Security because some scammer might have gotten benefits they didn't deserve.

Who. The. Hell. Cares? "I'd rather let millions suffer so one undeserving person doesn't benefit" is a pathetic and reprehensible way to go through life.


Do you think that the countries with socialized medicine allow non-citizens to sign up? Do you think Japan's attitude about foreigners not paying their hospital bills is "Who. The. Hell. Cares?"
Of course not. Nations who take care of their citizens make sure they are only taking care of THEIR CITIZENS.
Anonymous
Post 08/18/2024 18:11     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:
Anonymous wrote:Is this money guaranteed to go to American citizens only? Because if so I MIGHT be ok with this. But somehow I doubt it.
Half the townhouses in my parents' complex are now owned by a Chinese national who lives in China. Really stellar landlord. I wonder if he would have been eligible for this when he bought the first one.


"We can't possibly try this thing that will help people because the imaginary people in my head might take advantage of it."

Dumbest logic ever. Imagine if we never implemented Social Security because some scammer might have gotten benefits they didn't deserve.

Who. The. Hell. Cares? "I'd rather let millions suffer so one undeserving person doesn't benefit" is a pathetic and reprehensible way to go through life.


If these people had money taken from their wages (like Social Security) to pay for the $25,000 compliments of hard working taxpayers, it may be more palatable.
But, that is not what she has planned. It is very much like the college loan scam.
Anonymous
Post 08/18/2024 18:09     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:They should have a super low interest rate on the first $25, 000.... Just like student loans, interest rates is what kills people


Yeah, OP had a super low interest rate on her home loan. It's not fair. Why does she deserve it more than me?
Anonymous
Post 08/18/2024 18:06     Subject: $25K in down-payment support for 1st-time homebuyers

They should have a super low interest rate on the first $25, 000.... Just like student loans, interest rates is what kills people
Anonymous
Post 08/18/2024 18:06     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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.


Might as well just do tax cuts for everyone


Whoa, whoa, whoa, don't you know that free money for millionaires and billionaires is good, but tax cuts for the working and middle class "drives up prices."

We simply can't afford to help out the regular people. What are you, some kind of SOCIALIST?!

Now unlimited handouts for the rich, corporations, and the military industrial complex, that's just smart investment!!


It seems like a bad idea to drive corporations out of business. Corporations employee people. Yes, I know. The government employees people too--the useless people.


Please explain how homebuyer assistance "drives corporations out of business."

I'll wait...
Anonymous
Post 08/18/2024 18:03     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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.


Might as well just do tax cuts for everyone


Whoa, whoa, whoa, don't you know that free money for millionaires and billionaires is good, but tax cuts for the working and middle class "drives up prices."

We simply can't afford to help out the regular people. What are you, some kind of SOCIALIST?!

Now unlimited handouts for the rich, corporations, and the military industrial complex, that's just smart investment!!


It seems like a bad idea to drive corporations out of business. Corporations employee people. Yes, I know. The government employees people too--the useless people.
Anonymous
Post 08/18/2024 18:00     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:Is this money guaranteed to go to American citizens only? Because if so I MIGHT be ok with this. But somehow I doubt it.
Half the townhouses in my parents' complex are now owned by a Chinese national who lives in China. Really stellar landlord. I wonder if he would have been eligible for this when he bought the first one.


"We can't possibly try this thing that will help people because the imaginary people in my head might take advantage of it."

Dumbest logic ever. Imagine if we never implemented Social Security because some scammer might have gotten benefits they didn't deserve.

Who. The. Hell. Cares? "I'd rather let millions suffer so one undeserving person doesn't benefit" is a pathetic and reprehensible way to go through life.
Anonymous
Post 08/18/2024 17:55     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:
Anonymous wrote:There are two types of people in this world, people who go through struggles and relish in seeing others struggle, and people who go through struggles and work towards making sure nobody else has to go through what they did.

The former are awful, bitter people, the kind of people who perpetuate cycles of abuse. The latter are the kind, decent people who make this world a better place.

I guess we know which kind you are.


Cycles of abuse? Talk about drama.


Clearly you've never known an abusive person or deigned to pick up a single book about it or else you'd know that putting people through the same abuse you went through is literally the defining factor in cycles of abuse.

But of course someone as stupid as you can't make those connections. "Money no same as abuse" is as far as your smooth brain can go.
Anonymous
Post 08/18/2024 17:55     Subject: $25K in down-payment support for 1st-time homebuyers

Is this money guaranteed to go to American citizens only? Because if so I MIGHT be ok with this. But somehow I doubt it.
Half the townhouses in my parents' complex are now owned by a Chinese national who lives in China. Really stellar landlord. I wonder if he would have been eligible for this when he bought the first one.
Anonymous
Post 08/18/2024 17:50     Subject: $25K in down-payment support for 1st-time homebuyers

Anonymous wrote:If I ever entertained the idea of voting for Harris, I will not vote for her now.

I place this in the same category as paying off student loans or handing out free housing, medical care, and food to illegal migrants pouring into the U.S. Crazy, unsustainable, and profoundly unfair to hard working taxpayers.


Yeah, how dare we use the power of the government and the combined might of the greatest economy ever to exist to do something as crass as make people's lives better. Next thing you know we'll be trying to improve access to healthcare.


Nasty, brutish, and short, that's how life started and by God that's how it should continue! Vote GOP and make sure nothing ever improves!
Anonymous
Post 08/18/2024 17:45     Subject: $25K in down-payment support for 1st-time homebuyers

If I ever entertained the idea of voting for Harris, I will not vote for her now.

I place this in the same category as paying off student loans or handing out free housing, medical care, and food to illegal migrants pouring into the U.S. Crazy, unsustainable, and profoundly unfair to hard working taxpayers.