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
“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.”
___________________________________________________________
Just like a giant game of Monopoly. Blackrock will eventually own everything.
I guess this is like the $1.7 million dollar toilet
toilet in San Francisco?
Kamala Harris is from San Francisco.
Hmmm .... interesting.
Did I just wake up in 2006?
And exactly where were this $25,000 down payment come from will it be from the Eccles building where the federal reserve is and they will just print this money and we’ll have another horrendous round of inflation?
The Democrats complain constantly that when Republicans propose a tax cut who’s going to pay for it and who will it benefit? But when they propose giving away $25,000 to a first time homebuyer, it’s OK. They just don’t bother to explain where the money will come from. Hey they don’t care about deficit spending so just put it on the old US credit card
How exciting...
More debt for the few tax-paying citizens left in the country...
Deadbeats, criminals, drug lords, MIVs, and drunk drivers will now convert new homes and neighborhoods to trash at the taxpayer’s expense...
Exactly, wealthy concentrates in the hands of the rich over time. It’s why God gave the Israelites the Great Jubilee where all debts are cleared.
So the government in effect is loaning the first time homebuyer $25,000 and is that a tax-free loan
Agree 100%-and many of us are still working/own a small business-I do-so we worked, paid taxes for decades, and we’re still paying for all this free s*** given away with our taxes now. $25K would be nice-it would definitely go toward a couple of acres to build a cabin on, get some chickens, do a big garden-become totally self sufficient in case the SHTF-plus we have earned that and more from a govt that has taken our money and ignored what we elected them to do, in my opinion...
All a giveaway like this is going to do is create a housing bubble-haven’t we seen that movie before? What bulls***...
Clinton started the community development act on that but it didn’t get going until George W. Bush started pushing it pretty hard which contributed to the 2008 housing depression
It’s past time for Atlas to shrug and taxpayers to go on strike.
Forgiving school loans and now subsidizing down payments on houses. What will the next vote buying gimmick be?
Is rewriting the "living" document off the table?
Go full revolution left. Strike while our president sleeps.
That would work for me-they can’t arrest millions of people-not practical. I’d rather see red states quit paying taxes to the fed and say goodbye, we can make it without you-most states could do just fine with that money spent on our own state and people instead of alphabet agencies, etc-we could just pay keep our own military, too...
” with more generous support for 1st generation homeowners”/
IE, Illegtals, and how dare you demend equality for all under the law!
How long for the courts to strike this down, and will they, if she somehow gets into the white house?
Yes. True. And solid reasons behind it.
it is too late for our democracy, every one is simply voting to loot the treasury.
Hard-working taxpayers will provide...through confiscation of their wages.
This is speaking at the DNC.
Can I retire to Texas? Please? I have had a lifetime of fighting behind enemy lines. Please become an independent, (how much does the left truly value that concept?), Republic. Like our whole country is supposed to be. I will start packing the minute a motion to succeed is made. I swear to my Almighty maker.
Much more complicated than that.
Clinton didn’t start it, that started in the early 70s, and HUD a decade before that which was based on other legislation going back to the 30s under Roosevelt.
Subprime mortgages were around before Clinton was president or the cra bill in 92 or so.
The banking lobbyists pushed for less regulation, not surprising. And they got it, also not surprising.
Most of the problem loans which caused the crisis in 2008, were made by lenders actually not covered by the cra.
I worked at a bank that was subject to cra compliance in the 80s and it required us to maintain records showing that we weren’t redlining or other discriminatory practices etc, as a local bank who served the community. National mortgage lenders were not under the same requirements, but didn’t really exist in any meaningful way
In simple terms, industry lobbies, find loopholes, take advantage of loopholes and people, take the quick money, screw the people, then congress has to close these loopholes.
Same old story and everyone loses except the crooks, especially in government.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.