Qasim Rashid, Esq.Aug 16, 2024

Kamala Harris is proposing $25K to first time homebuyers.

When my wife & I bought our first home we scrapped together every penny for years! And now Harris just wants to give people $25K? Seriously?

Well, all I can say is that I am 100% on board! This isn't complicated folks. Let's stop making people needlessly suffer. Let's meaningfully invest in working people. And let's elevate the American dream.

Show threadMichael Gemar

@QasimRashid @ianhecht I appreciate action, but we need to make housing cheaper rather than giving money so people can buy expensive housing.

The problem is that housing is a major long-term investment for many people, so once you own a home you don’t *want* home prices to go down. Any attempt at solving the problem of housing costs bumps up against this constraint.

Aug 17, 2024 at 6:56pmWeb
Show threadIan Hecht 🇨🇦Aug 17, 2024
@michaelgemar @QasimRashid That's not really an issue if you don't see housing as an investment. If it's a place to live, as long as you get out what you put, you're okay. Inflation usually takes care of that. The reason for skyrocketing housing prices isn't young families buying a home for themselves.
Show threadMichael GemarAug 17, 2024
@ianhecht @QasimRashid But I think most of the middle and upper class *do* see it as an investment.