Posted on 08/15/2024 3:36:35 PM PDT by janetjanet998
Harris will propose providing up to $25K in down payment support for 1st time homeowners, with more generous support for 1st generation homeowners, according to campaign official She'll announce tomorrow in NC, along w/ her plan to ban corporate price-gouging on groceries
campaign official tells me Harris-Walz administration would provide working families who have paid their rent on time for two years and are buying their first home up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners.
“We’re going to do for housing what we did for education. Make it completely unaffordable.”
Great. Now home sellers can list their houses for $25,000 more.
Buying votes with taxpayers money.
The left would say the same for allowing Americans to keep more of their own money by cutting taxes, which is dishonest to say the least.
Insanity. Pure insanity.
I know it’s tiresome but that’s completely unconstitutional.
More debt.
“with more generous support for 1st generation homeowners”
IOW illegal aliens.
This is why 43% of the incoming class of the UC’s in California are “first generation”. Since we did away with affirmative action, they concocted yet a new way to get around it.
Whitey need not apply to the schools his ancestors started and his taxes paid for.
$25,000... That might be enough for a down payment on a mobile home, but when the average house price in the US is over $413,000, it won’t be much help
It is just a means of transferring American property to Blackrock, as people lose homes they cannot afford and banks sell the properties to offload them to Blackrock.
If this is like the program we have in California, the government provides 25,000 towards the down payment and when the house is sold the government gets paid back before the homeowner gets any money from the sale.
I’m convinced that it’s only a matter of time that they decree mortgage relief and credit card debt relief. Why wouldn’t they? No one will stop them. This is insane. It essentially makes contracts meaningless.
Yep. It will just make houses cost more.
I'll call your $25K pander and raise you "free houses for everybody"!
So Iowa she will give fee money to all the illegals....how about an extra 25grsnd for seniors that worked and paid taxes for decades.
if this works like student loans, it will only serve to further inflate home prices.
I know. Talk about destruction.
Hell they accused Trump for honoring contracts with banks as he lied.
Yet so many “ on our side” worry about fake polls.
It’s a damn nightmare.
She uses OUR TAX DOLLARS to give others a down payment on a home!! This is illegal!!! Just like the SCOTUS dropped a hammer on their student loan payments!!
3% down on 413 is only 12.390 and I must sadly assume this offer would come with fed (taxpayer) assurances of wholeness to the lenders to avoid PMI requirements. Perhaps they could be interest-only loans too, with little to no documentation required for approval and closing. We seem to have learned nothing from history except that we have learned nothing from history. More free sh*t for the ever-growing army of free sh*t voters for Biden and now Harris. This will not end well.
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