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

[Tommy Tainant]

Do they? Or do they just want everyone to have a mortgage?

Maybe both. They sold off our council housing stock for both reasons. They said they would invest the proceeds in new housmg but that never happened.
They believe the market would provide houses. That never happened either.

 

[dblack]

Maybe both. They sold off our council housing stock for both reasons. They said they would invest the proceeds in new housmg but that never happened.
They believe the market would provide houses. That never happened either.

You should just totally go with socialism. Those block housing ghettos in East Berlin rawk!

 

[Marener]

She is a total fake. I can’t believe Americans are falling for this.

And her lie about price gouging? Grocery stores have a profit margin of around 1%. If they are prohibited from raising prices when their costs go up, they’re sure not going to sell at a LOSS. This will lead to empty shelves.

When it comes to food, corporate profits account for about half of the inflation we’ve seen.

But you haven’t been told that.

 

[Lisa558]

When it comes to food, corporate profits account for about half of the inflation we’ve seen.

But you haven’t been told that.

Grocery stores get 1% profit. So why try to fix their prices?

And news flash: prices don’t cause inflation; higher prices are a result of inflation.

 

[Marener]

Grocery stores get 1% profit. So why try to fix their prices?

And news flash: prices don’t cause inflation; higher prices are a result of inflation.

We aren’t talking about grocery stores causing inflation. This is about the companies that manufacture the food.

Higher prices ARE inflation. If all the food manufacturing companies increase their prices, that’s inflation. If they all increase their prices to earn more profits, that’s still inflation.

 

[Lisa558]

We aren’t talking about grocery stores causing inflation.

Higher prices ARE inflation. If all the food manufacturing companies increase their prices, that’s inflation. If they all increase their prices to earn more profits, that’s still inflation.

Oye. They increase their prices because of the inflation of the underlying costs.

And you say we’re not talking about grocery stores? Maybe you ahould do some research instead of blindly supporting the DEI pick. She has said she wants to fix grocery prices.

 

[Hollie]

And since first-time homebuyers have no skin in the game, they will simply abandon their houses if the prices drop and they are upside down on the mortgage.

A downpayment is designed to prove you have the financial wherewithal to save $25,000 for a house purchase. If you can’t do that, they you really cannot afford a houhousea down payment

Everybody even thinking about selling their home will immediately hike their price by $25,000.

The only person that is going to do good with proposal will be the sellers. The buyers will just get a home at the same price they would have before.

And, anyone who pays property tax will have their taxes rise even more because the comparable homes will be selling for $25K more.

What a completely idiotic idea.

The problem with the "fee money" is a willingness to "overbuy". A bigger down payment for a bigger house and the very people who aren't good with finances will look to Adjustable rate mortgages.

The country has been here, done that before.

 

[CrusaderFrank]

That will only drive up the house prices.

…and inflation, but that’s the whole point

 

[Marener]

Oye. They increase their prices because of the inflation of the underlying costs.

And you say we’re not talking about grocery stores? Maybe you ahould do some research instead of blindly supporting the DEI pick. She has said she wants to fix grocery prices.

Some of the increase is due to the underlying costs. Half of the inflation just went to corporate profits.

Not sure where you got that this proposal was focused on grocery stores. The media you consume lies to you all the time about Dems and their policies. Either that or you’re just jumping to conclusions without really knowing what you’re talking about.

 

[Lisa558]

Some of the increase is due to the underlying costs. Half of the inflation just went to corporate profits.

Not sure where you got that this proposal was focused on grocery stores. The media you consume lies to you all the time about Dems and their policies. Either that or you’re just jumping to conclusions without really knowing what you’re talking about.

What corporate profits?! I’ve just told you that the profit margin for grocery stores is 1%.

Stop falling for the liberal lie of blaming the mean businesses. Everything is so against business with you people. Grocery stores are entitled to make 1% profit on their sales. If the DEI pick insists on fixing their prices, there will be a food shortage.

Price controls DO NOT WORK.

 

[HeyNorm]

Some of the increase is due to the underlying costs. Half of the inflation just went to corporate profits.

Not sure where you got that this proposal was focused on grocery stores. The media you consume lies to you all the time about Dems and their policies. Either that or you’re just jumping to conclusions without really knowing what you’re talking about.

I hope you guys get good at farming. It ain’t easy and if Harris gets elected you better learn fast. And us in flyover country, ain’t gonna teach ya

 

[Marener]

What corporate profits?! I’ve just told you that the profit margin for grocery stores is 1%.

Stop falling for the liberal lie of blaming the mean businesses. Everything is so against business with you people. Grocery stores are entitled to make 1% profit on their sales. If the DEI pick insists on fixing their prices, there will be a food shortage.

Price controls DO NOT WORK.

I already said, the corporate profits of the people who MAKE the food that they sell in the grocery store. You realize there's more people involved in the food supply than the grocery store, right?

The profits of the companies that make food has risen dramatically as a result of the price hikes.

On Tuesday, Conagra Brands—one of the largest consumer packaged goods companies in the U.S.—announced that it had posted a nearly 60% year-over-year profit increase between December 2022 and February 2023. The Chicago-based company, which makes a long list of grocery staples including Chef Boyardee, Hunt’s, Slim Jim, Reddi-wip, and Marie Callender’s frozen meals, reported a net income of $342 million, up from $219 million in the same quarter a year prior.

Conagra attributed the rise in quarterly profits to inflationary price increases, despite facing more impactful supply chain disruptions than anticipated. Sean Connolly, Conagra chief executive, said on the earnings call with shareholders that the company’s sales growth was “primarily driven by inflation justified price increases” and a willingness by consumers to pay the higher prices. Conagra did not respond to a request for comment.

How Food Company Profits Are Making Groceries More Expensive

Conagra Brands, which makes Slim Jim, Reddi-wip, and Marie Callender's meals, posted a nearly 60% year-over-year profit increase so far this year.

time.com

 

[Marener]

I hope you guys get good at farming. It ain’t easy and if Harris gets elected you better learn fast. And us in flyover country, ain’t gonna teach ya

WTF are you talking about?

 

[HeyNorm]

I already said, the corporate profits of the people who MAKE the food that they sell in the grocery store. You realize there's more people involved in the food supply than the grocery store, right?

The profits of the companies that make food has risen dramatically as a result of the price hikes.

On Tuesday, Conagra Brands—one of the largest consumer packaged goods companies in the U.S.—announced that it had posted a nearly 60% year-over-year profit increase between December 2022 and February 2023. The Chicago-based company, which makes a long list of grocery staples including Chef Boyardee, Hunt’s, Slim Jim, Reddi-wip, and Marie Callender’s frozen meals, reported a net income of $342 million, up from $219 million in the same quarter a year prior.

Conagra attributed the rise in quarterly profits to inflationary price increases, despite facing more impactful supply chain disruptions than anticipated. Sean Connolly, Conagra chief executive, said on the earnings call with shareholders that the company’s sales growth was “primarily driven by inflation justified price increases” and a willingness by consumers to pay the higher prices. Conagra did not respond to a request for comment.

How Food Company Profits Are Making Groceries More Expensive

Conagra Brands, which makes Slim Jim, Reddi-wip, and Marie Callender's meals, posted a nearly 60% year-over-year profit increase so far this year.

time.com

I feel sorry for you

 

[d0gbreath]

You can’t build a house for $200!

You know he meant 200k, don't be silly. This has nothing to do with 1/2M Jersey homes, which that one that you showed would go for ~300k around here.

Young people need to get out of expensive apartments and get fixed mortgages. As time goes by your mortgage payments are way lower than any rental.

 

[Hollie]

Surprising no one, except Dems/ Socialists, there are already warnings of the inflationary results of the Harris proposal for the "free money giveway"to first time homebuers.

Harris proposes $25,000 down payment assistance for first-time homebuyers — is it a good idea?

Vice President Kamala Harris says she wants to provide $25,000 in down payment assistance to first-time homebuyers, but critics say the plan would only make housing issues worse.

www.foxbusiness.com

This is a terrible policy," said Cody Moore, a partner and wealth adviser at Wealth E&P in Alpharetta, Georgia. "In my opinion, it is just an attempt to garner more votes for the upcoming election by utilizing handouts."

Why yes. Kinda' like vote buying.

 

[HeyNorm]

You know he meant 200k, don't be silly. This has nothing to do with 1/2M Jersey homes, which that one that you showed would go for ~300k around here.

Young people need to get out of expensive apartments and get fixed mortgages. As time goes by your mortgage payments are way lower than any rental.

Sure, so let’s lock the economy down another two years. I’m sure the prices will go back down.

That was absolutely brilliant.

Plus let’s add another 10 million more illegals

And, be so weak that wars break out in Ukraine and the Middle East!

That’s the ticket.

 

[Hollie]

Sure, so let’s lock the economy down another two years. I’m sure the prices will go back down.

That was absolutely brilliant.

Plus let’s add another 10 million more illegals

And, be so weak that wars break out in Ukraine and the Middle East!

That’s the ticket.

The crooked WHO is already talking about "Monkeypox". Time for Dim Govrnors to prepare for lockdowns.

 

[Marener]

I feel sorry for you

Why?

 

[d0gbreath]

Sure, so let’s lock the economy down another two years. I’m sure the prices will go back down.

That was absolutely brilliant.

Plus let’s add another 10 million more illegals

And, be so weak that wars break out in Ukraine and the Middle East!

That’s the ticket.

We're actually discussing Kamala's first time buyer 25k incentive here.