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"Housing" Proposals
(lemmy.world)
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this post was submitted on 05 Oct 2024
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$25k down payment assistance where one bed one bath houses are routinely nearly half a million is a joke tbh.
Honestly I really don't think that's effective either. Giving people more money to buy something generally just means the market will respond by charging more money for that thing. The assistance will effectively get "priced in" given time.
It's honestly the weakest part of the Harris/Walz platform for me. Trump plan is utterly insane top-to-bottom though, and they're just using immigration as a scapegoat here, which is... something.
Makes sense to me. 25k is an incentive to buy a home, not an incentive to build one or sell one.
Make owning multiple homes more expensive. Fine landlords for unfilled housing, and make the fine is proportional to maximum advertised rate for the unit. Now they have an incentive to keep their units filled, and keep from jacking up rent.
I do think it can help those that are prepared and on the border of approval. But those that aren't it ain't gonna do shit.
Yeah, I don't think the idea is a total non-starter, but I'd definitely like some details. How will this be limited to ensure it's not being used by investors and house flippers? How will this be ramped down once the housing market settles to avoid it being permanently "priced in"? How will this be paid for and how much will it cost?
Unfortunately American political debates right now are more of a pissing contest about rally turnout than they are about actual policy details, because that's what sways the voters on the fence for some reason.
I started getting tons of calls because I was approved last year when she announced this. So if it can get me into something I want to know. But it just might be bullshit.
it's down payment assistance, and down payment is typically around 20% of the value of the house. $25k would fully cover the down payment of a $125k [probably trashed] house, or 1/4th of the down payment of a half-million house
That's not everywhere in America. That's not even most of America.
And while it's an interesting discussion, it's not the point of the post.
Yes we know the point of the post is "Democrats good" so it sounds off topic to you when people push back against that. But $25k of down payment assistance is fucking pathetic and we need to be calling this shit out.
The democrat solution isn't "get 3 more chairs" it is "provide the 7 kids who are already in chairs some extra materials to build more chairs for themselves"
Bullshit. Not that you would know.
Try using your words. What the fuck are you even trying to say?
This post is seriously sad though. Here you are enthusiastically disseminating propaganda for some of the most soulless, most evil humans who have ever lived just because they pretend that they're better than their buddies from two doors down the hall
You're fun. We should hang out more.