return2ozmaHarris to propose up to $25K in down-payment support for 1st-time homebuyers
nadramThat’s a terrible idea. The real life effect is that prices will simply go up. You need to force down real estate prices in general, and offer very low interest rates for first time buyers.
Crow_ThiefAt worst, youre partially right. Maybe they’d go up 10K, but certainly not 25K. That’s just not how markets work. It’s the same argument as saying UBI will increase prices - yes, it will, but not by more than or as much as the UBI is. If everybody else sells their home at $25K more, you can sell yours in a month by going down to $15K more than before.
I agree, and i didn’t say it will increase prices by 25k. Still think this can be tackled in better ways. Low interest rates over a 20-25 year loan can save you much more than 25k.
Yeah, that’s the real solution. We have to ban any one entity owning more than 2-3 residential properties. The $25K is simply a decent stop gap until we can actually make that law happen, because our capitalist overlords would never allow it.