Posted on 03/09/2024 5:50:05 PM PST by ChicagoConservative27
Buying a home has become increasingly out of reach for Americans, who are grappling with a double whammy of high interest rates and surging home values. In his State of the Union address on Thursday, President Joe Biden proposed a new tax credit that would provide $10,000 to first-time home buyers.
Biden is also proposing a separate $10,000 tax credit for current homeowners who sell their "starter home" in order to jump into a bigger house. That could help melt a real estate market in which homeowners who locked in low mortgage rates during the pandemic and are hesitant to move because they now face significantly higher mortgage rates.
(Excerpt) Read more at cbsnews.com ...
American citizens do not qualify.
“American citizens do not qualify.”
Especially white, middle class, American ‘legal’ citizens.
Shades of cash for clunkers.
(One would think we are in an election year.)
Biden wants to give these young kids $10k tax credit. My house is paid for. Where’s my tax credit?
So it's a back door subsidy to the banks stuck with low interest long term mortgages on their books. Is their any bit of the economy that the left doesn't feel entitled to stick their fingers in.
I have about $10k left on my mortgage. Do I get a credit? FJB
Yes, a ten thousand dollar check for those who would like some money borrowed from Red China should drive down inflation.
We have helicoptered 33 trillion dollars and still have inflation.
I have about $10k left on my mortgage. Do I get a credit? FJB
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I put my daughter through college so she would start out free of debt, all of senile Joe’s student debt forgiveness programs anger me.
He’s buying votes.
So let me get this straight.
Biden’s student loan forgiveness was illegal.
So giving $$ before buying a house is ok.
Then I guess given $$ after buying a house should be illegal.
Yup. Middle class is again screwed.
I’m not a Navy guy, so I just had to guess. Then I looked it up. I guessed right.
FJB.
Very good.
But we’ll pay for their tax credits, not shit-for-brains Bidet&Co.
Print that money, that funny runny money
Print that money till we billionaires
Any of these proposals - when they become law - the exceptions and conditions are so restrictive as to become just more entitlements to protected classes.
Really disgusting to see how the system continues to pit citizens against each other. Whether it is schools, or jobs, or housing, or retirement plans.
I am hoping the current Speaker of the House can stand strong against the moron in the White House (and the moron Senate moron-jority leader).
This has been a very difficult century and it is more than 24% past (century began on 01/01/2000).
No student loans when I was in college.
Our oldest daughter paid off her college loan and got screwed by Brandon for doing that.
I’ve owned three houses. No federal breaks when I bought my first house. I’m going to get screwed again if he does this.
Nothing but BOHICA from FedGov.
Vote buying just the past week:
1. Drain the northeast gasoline reserve
2. Build a Gazan port to win Michigan and Minnesota muzzle votes.
3. First time mortgage $10,000 break.
Did I miss any?
And here we are eight long months to the election.
We should start a pool on how many more vote-buying schemes this foul, vile Rat comes up with.
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