Harris's pipe dream

[TwinDegrees2]

Addressing housing shortages and helping home buyers​

HARRIS: “And by the end of my first term, we will end America’s housing shortage by building 3 million new homes and rentals. ... While we work on the housing shortage, my administration will provide first time homebuyers with $25,000 to help with the down payment on a new home.”

THE FACTS: . By helping more Americans afford homes, the Harris proposal to subsidize down payments would almost certainly increase demand, at a time when estimates of the U.S. housing shortage already range from 3 million to as high as 7 million.

THE QUESTION: Where the hell is the free money coming from? Willie? And what kind of home will $25K down get you?

ANSWER: $175,000,000,000 will come from higher taxes on all of us. This woman is dumber than a possum with a yellow paint stripe.

SOLUTION: To put low-cost housing in higher class neighborhoods to create "equality" and to bring down home values.

CONUNDRUM: What happens if they don't spend the money on a home? You know, like all that covid money?

 

[SKYDOG]

Addressing housing shortages and helping home buyers​

HARRIS: “And by the end of my first term, we will end America’s housing shortage by building 3 million new homes and rentals. ... While we work on the housing shortage, my administration will provide first time homebuyers with $25,000 to help with the down payment on a new home.”

THE FACTS: . By helping more Americans afford homes, the Harris proposal to subsidize down payments would almost certainly increase demand, at a time when estimates of the U.S. housing shortage already range from 3 million to as high as 7 million.

THE QUESTION: Where the hell is the free money coming from? Willie? And what kind of home will $25K down get you?

ANSWER: $175,000,000,000 will come from higher taxes on all of us. This woman is dumber than a possum with a yellow paint stripe.

SOLUTION: To put low-cost housing in higher class neighborhoods to create "equality" and to bring down home values.

CONUNDRUM: What happens if they don't spend the money on a home? You know, like all that covid money?

Free stuff all the time for votes. When are the vouchers coming for a new Tesla, an extension of the green new deal?

 

[tjreese]

Addressing housing shortages and helping home buyers​

HARRIS: “And by the end of my first term, we will end America’s housing shortage by building 3 million new homes and rentals. ... While we work on the housing shortage, my administration will provide first time homebuyers with $25,000 to help with the down payment on a new home.”

THE FACTS: . By helping more Americans afford homes, the Harris proposal to subsidize down payments would almost certainly increase demand, at a time when estimates of the U.S. housing shortage already range from 3 million to as high as 7 million.

THE QUESTION: Where the hell is the free money coming from? Willie? And what kind of home will $25K down get you?

ANSWER: $175,000,000,000 will come from higher taxes on all of us. This woman is dumber than a possum with a yellow paint stripe.

SOLUTION: To put low-cost housing in higher class neighborhoods to create "equality" and to bring down home values.

CONUNDRUM: What happens if they don't spend the money on a home? You know, like all that covid money?

The pipe dream she is most familiar is that of Willie Brown’s

 

[TheGunner]

The liberal legalization of weed has run its course and the proposed economic plan of Kamala Harris will turn the US into a Socialist Democratic state like all of the EU. I want some of what the Kamala Harris brain trust is smokin’.

50% or greater tax on income…for everyone. But hey, she will make housing more affordable (of course the $25k hand will be wasted on the housing price pressure that will be caused by the increased demand).

As for price controls, that will be thrown out by the courts, Day 1. And if implemented would either cause greater inflation (sort of like the inflation reduction act) or cause a lack of supply equal to the gas shortages in the late 70s

Just more inflationary pressures from the inflation party. Where’s Joe Manchin when the Democrats need a sane leader.

 

[TwinDegrees2]

The liberal legalization of weed has run its course and the proposed economic plan of Kamala Harris will turn the US into a Socialist Democratic state like all of the EU. I want some of what the Kamala Harris brain trust is smokin’.

50% or greater tax on income…for everyone. But hey, she will make housing more affordable (of course the $25k hand will be wasted on the housing price pressure that will be caused by the increased demand).

As for price controls, that will be thrown out by the courts, Day 1. And if implemented would either cause greater inflation (sort of like the inflation reduction act) or cause a lack of supply equal to the gas shortages in the late 70s

Just more inflationary pressures from the inflation party. Where’s Joe Manchin when the Democrats need a sane leader.

Manchin realizes the skeletons in his closet are too great for him to run.

 

[tjreese]

Manchin realizes the skeletons in his closet are too great for him to run.

It is unlikely that any needed reform will take place by those that have eaten inside the system for years which would be a LOT of current representatives.

 

[TheGunner]

I’m still waiting on liberals to actually do the math. Especially people who complain about tax cuts.

 

[tjreese]

I’m still waiting on liberals to actually do the math. Especially people who complain about tax cuts.

Generally speaking, liberals by their very interests do not share "math" importance like "conservatives". They are more interested in more subjective areas on the whole. You will find a higher percentage of...say mechanical engineers that are conservative than liberals, but you will find a higher percent of those away from the sciences to be more liberal. Men without low T tend to migrate towards "things" whereas women, and not just cat ladies, tend to migrate towards people things. This is well known and shown in Sweden where the country is considered the most equalitarian and people encouraged to follow their interest as the best attempt to remove a social construct

 

[Boiler Buck]

HARRIS: “And by the end of my first term, we will end America’s housing shortage by building 3 million new homes and rentals.

WHY.....would the Govt be in the housing business?

Not a function of Govt.

Perhaps housing wouldn't be so expensive if the Harris/Biden admin hadn't screwed the prices out of everything and subsequently caused these huge interest rates.

1. Govt causes problem.
2. Need more Govt to fix problem.

Dems are a 100% 🤡show.

 

[tjreese]

WHY.....would the Govt be in the housing business?

Not a function of Govt.

Perhaps housing wouldn't be so expensive if the Harris/Biden admin hadn't screwed the prices out of everything and subsequently caused these huge interest rates.

1. Govt causes problem.
2. Need more Govt to fix problem.

Dems are a 100% 🤡show.

damn near overreach in a lot of areas anymore and although Kamala would put this on a lot of steroids, it has slowly crept in for many years. Reminds me of the ole Barney FRank bank loan issue for housing over a decade ago to those that were not n a position to care for the house that the loan provided. Government housing has been here for sometime and is not going away, but there is plenty of data that doing for those that can and should do for themselves does not work and so there should be "steps" towards individual responsibility in what should be a "short term bridge" rather than a constant from generation to generation.

 

[SKYDOG]

WHY.....would the Govt be in the housing business?

Not a function of Govt.

Perhaps housing wouldn't be so expensive if the Harris/Biden admin hadn't screwed the prices out of everything and subsequently caused these huge interest rates.

1. Govt causes problem.
2. Need more Govt to fix problem.

Dems are a 100% 🤡show.

Actually interest rates currently are about average now as they’ve been over the past 30 years.

https://money.usnews.com/loans/mortgages/articles/historical-mortgage-rates

 

[Boiler Buck]

Actually interest rates currently are about average now as they’ve been over the past 30 years.

https://money.usnews.com/loans/mortgages/articles/historical-mortgage-rates

No question the inflation caused by the Harris/Biden admin policies resulted in increased interest rates.

Now if you want to say they are within a thirty year norm, that might have merit, but doesn't reflect the direct reason the rates are no longer 2-4% they were pre-Biden.

 

[SKYDOG]

No question the inflation caused by the Harris/Biden admin policies resulted in increased interest rates.

Now if you want to say they are within a thirty year norm, that might have merit, but doesn't reflect the direct reason the rates are no longer 2-4% they were pre-Biden.

Interesting to note that my wife’s grandmothers home had an interest rate of 8% in 1926. They refinanced in 1931 at 6%.

 

[Boiler Buck]

Interesting to note that my wife’s grandmothers home had an interest rate of 8% in 1926. They refinanced in 1931 at 6%.

Yes my Dad had a couple of production credit loans @ 18% for the farm....think that was the seventies? Didn't make much money those two years. Lol

Daughter on the other hand has a 2.2% fixed for 30.