2024-08-28 02:31:23
As presented, a $25,000 gift to first-time-homebuyers to be used as a down payment will increase the prices of homes for first-time-home-buyers. It may not increase the prices by exactly, or even nearly, $25,000, but basic economic theory says that prices *will* increase. [Link] NEEDS_MORE_RATINGS(27-2-17) Author
2024-08-28 02:37:21
It would not be paid by the administration. It would be paid through taxes and inflation. Would also raise house prices. [Link] NEEDS_MORE_RATINGS(32-1-17) Author
2024-08-28 02:47:15
NNN- speculation over the efficacy of this policy belongs in replies and quote tweets. NEEDS_MORE_RATINGS(10-0-12) Author
2024-08-28 03:03:41
Providing $25K to new homebuyers will increase the demand for houses, and prices will go up. To make houses more affordable, incent builders to make more homes, or incent current owners to sell them. Looking at you, Blackrock. [Link] CURRENTLY_RATED_NOT_HELPFUL(1-1-3) Author
2024-08-28 03:06:19
No administration has the legal authority to do this yet, as the executive branch does not create legislation. A 2021 bill to grant such funds (the Downpayment Toward Equity Act) was unable to make it to the floor of the House/Senate, and there is no indication that it will. [Link][Link] NEEDS_MORE_RATINGS(48-1-13) Author
2024-08-28 03:14:51
It’s a campaign promise, obviously it implies going through the legislative channels you rube NEEDS_MORE_RATINGS(3-0-18) Author
2024-08-28 12:15:03
No lies or deception in that campaign promise. If you think this is stupid, put your opinion in the comments. CN is only to be used on false claims or to add context when absolutely necessary, not for political warfare. NEEDS_MORE_RATINGS(4-0-6) Author