Harris to Propose $25,000 Assistance for First-Time Homeowners

[Lisa558]

Obviously KamelToe has still not learned how inflation works.

She learned in Lib School: when inflation drives prices to unaffordable levels, give people more handouts, thus driving inflation even higher.

 

[Thinker101]

Somebody better tell her....

Well, according to Walz DUI a few years back, he can't hear very well, Kamala doesn't listen very well.

 

[Blackrook]

To qualify for the assistance, women will have to prove they've had at least two abortions.

 

[Marener]

She learned in Lib School: when inflation drives prices to unaffordable levels, give people more handouts, thus driving inflation even higher.

Tax cuts wouldn’t do the same thing?

 

[Hollie]

That worked out so great when Obama did it in 2008.

Exactly right. People bought more than they could afford and when interest rates rose, the banking crisis was another democrat disaster. I'm afraid the country may be on the event horizon of "we made this mistake before so we'll do it again".

 

[Lisa558]

Tax cuts wouldn’t do the same thing?

Explain

 

[justoffal]

So are there the usual income requirements from the bank, or will Commiela dictate lower standards for the good of…..equity….so that people who cannot afford a house will get to buy it, and with no skin in the game?

The average house in New Jersey is about $530,000, which would require an income of around $150,000. So affluent earners in the top quintile would get a big taxpayer windfall?

Below is a house listed for $525,000 in New Jersey, looks quite nice to me. Should we give an affluent family $25,000 to buy this, driving up housing costs even more? The Dems’ idea of giving people OPM so they can “afford stuff” just drives prices up more!

(And before the libs scream, “no it’s for the middle class earning $80,000” - news flash: they don’t earn enough to afford a house!)

Here’s a $525,000 house in the middle New Jersey:

344 East Ave, Clayton, NJ 08312 | Zillow

344 East Ave, Clayton NJ, is a Single Family home that contains 2100 sq ft and was built in 1986.It contains 4 bedrooms and 2 bathrooms.This home last sold for $525,000 in October 2024. The Zestimate for this Single Family is $532,500, which has increased by $4,626 in the last 30 days.The Rent...

www.zillow.com

So a couple comes to me and they're able to make the $35,000 down because they have a $25,000 boosting payment.

I sell them the house for $650K.

They get a lawyer and sue me for price gouging. I now go to jail.... Do they still have to pay their mortgage?

 

[justoffal]

To qualify for the assistance, women will have to prove they've had at least two abortions.

And twelve sex partners at least two of whom were Trans.

 

[Thinker101]

So are there the usual income requirements from the bank, or will Commiela dictate lower standards for the good of…..equity….so that people who cannot afford a house will get to buy it, and with no skin in the game?

The average house in New Jersey is about $530,000, which would require an income of around $150,000. So affluent earners in the top quintile would get a big taxpayer windfall?

Below is a house listed for $525,000 in New Jersey, looks quite nice to me. Should we give an affluent family $25,000 to buy this, driving up housing costs even more? The Dems’ idea of giving people OPM so they can “afford stuff” just drives prices up more!

(And before the libs scream, “no it’s for the middle class earning $80,000” - news flash: they don’t earn enough to afford a house!)

Here’s a $525,000 house in the middle New Jersey:

344 East Ave, Clayton, NJ 08312 | Zillow

344 East Ave, Clayton NJ, is a Single Family home that contains 2100 sq ft and was built in 1986.It contains 4 bedrooms and 2 bathrooms.This home last sold for $525,000 in October 2024. The Zestimate for this Single Family is $532,500, which has increased by $4,626 in the last 30 days.The Rent...

www.zillow.com

Dang, that would be a million dollar house in California.

 

[Blackrook]

And twelve sex partners at least two of whom were Trans.

And given blow jobs to co-workers and supervisors to gain an advantage in their career.

 

[justoffal]

Well, according to Walz DUI a few years back, he can't hear very well, Kamala doesn't listen very well.

K-Dog and Yellow Belly!

 

[justoffal]

And given blow jobs to co-workers and supervisors to gain an advantage in their career.

OHHHH! Most Definitely!

 

[1srelluc]

Dupe.

Harris to Propose $25,000 Assistance for First-Time Homeowners

https://www.ibtimes.com/kamala-harris-propose-25k-down-payment-support-first-time-homeowners-3739948 Vice President Kamala Harris will announce a comprehensive four-year strategy on Friday aimed at reducing housing costs. The plan includes a $25,000 down payment assistance program for...

www.usmessageboard.com

 

[Ringo]

JD Vance: “we should have a $5,000 tax credit for new parents”
The media: “he’s working against childless Americans”
4 DAYS LATER
Kamala Harris: “let’s do $6,000”
The media: “she’s incredible”

 

[Marener]

Explain

Seems pretty logical. Pumping more money into the economy results in more inflation.

 

[Admiral Rockwell Tory]

So are there the usual income requirements from the bank, or will Commiela dictate lower standards for the good of…..equity….so that people who cannot afford a house will get to buy it, and with no skin in the game?

The average house in New Jersey is about $530,000, which would require an income of around $150,000. So affluent earners in the top quintile would get a big taxpayer windfall?

Below is a house listed for $525,000 in New Jersey, looks quite nice to me. Should we give an affluent family $25,000 to buy this, driving up housing costs even more? The Dems’ idea of giving people OPM so they can “afford stuff” just drives prices up more!

(And before the libs scream, “no it’s for the middle class earning $80,000” - news flash: they don’t earn enough to afford a house!)

Here’s a $525,000 house in the middle New Jersey:

344 East Ave, Clayton, NJ 08312 | Zillow

344 East Ave, Clayton NJ, is a Single Family home that contains 2100 sq ft and was built in 1986.It contains 4 bedrooms and 2 bathrooms.This home last sold for $525,000 in October 2024. The Zestimate for this Single Family is $532,500, which has increased by $4,626 in the last 30 days.The Rent...

www.zillow.com

I had a house in Kentucky almost like that. I sold it not quite 2 years ago for $230,000. NJ is obviously too expensive.

 

[Lisa558]

So a couple comes to me and they're able to make the $35,000 down because they have a $25,000 boosting payment.

I sell them the house for $650K.

They get a lawyer and sue me for price gouging. I now go to jail.... Do they still have to pay their mortgage?

Seems to me you can ask any price you want for a property you own, and a buyer can take it or leave it. In an economy without government interference, the market itself finds the “correct” price.

Ask too much, and you get no buyers. (Unless there’s a sucker, and that’s his fault.) Ask too little, and you’ll get a bidding war (which is sometimes an intentional strategy).

So, unless the Commiela gets in, of course you can’t get sued. It the Commie Couple get in, who knows? You can end up being charged fr just about anything.

 

[Lisa558]

I had a house in Kentucky almost like that. I sold it not quite 2 years ago for $230,000. NJ is obviously too expensive.

So what would happen to people who live and want to buy in NJ?

 

[justoffal]

Seems pretty logical. Pumping more money into the economy results in more inflation.

Actually depends on how you do it. EBT benefits for instance kind of pay for themselves by encouraging scale of production. At one point that would bring the prices down for everybody. However inflation has managed to erase that benefit.

 

[justoffal]

So what would happen to people who live and want to buy in NJ?

There's no benefit to selling and staying.