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


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 first-time homebuyers and incentives to boost new housing construction, according to Harris-Walz campaign officials.

Harris will reveal the plan during an economic policy speech in North Carolina, CNN reported.

Damn, vote buying much?

Don’t try to drop prices by making sound financial decisions for the whole country, just print money and buy votes!

Next week:

Breaking news!.....Home prices just shot up $25,000 overnight. Economists baffled. ;)
When all else fails - BUY your votes - with OUR money!
 
How the fuck is she going to build 3 million homes in four years when she can't even build 9 EV charging stations in two and a half years?
 
How the fuck is she going to build 3 million homes in four years when she can't even build 9 EV charging stations in two and a half years?

Oh, there you go thinking with your brain again. You know Leftists think with their hurt feelings
 
My vote is definitely for sale. But its going to take more than $25k. And I'll want cash in advance.
 

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 first-time homebuyers and incentives to boost new housing construction, according to Harris-Walz campaign officials.

Harris will reveal the plan during an economic policy speech in North Carolina, CNN reported.

Damn, vote buying much?

Don’t try to drop prices by making sound financial decisions for the whole country, just print money and buy votes!

Next week:

Breaking news!.....Home prices just shot up $25,000 overnight. Economists baffled. ;)
Comedy Gold!
 

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 first-time homebuyers and incentives to boost new housing construction, according to Harris-Walz campaign officials.

Harris will reveal the plan during an economic policy speech in North Carolina, CNN reported.

Damn, vote buying much?

Don’t try to drop prices by making sound financial decisions for the whole country, just print money and buy votes!

Next week:

Breaking news!.....Home prices just shot up $25,000 overnight. Economists baffled. ;)
Causes of Current Inflation in America

The current inflation in the United States, which was reported at 2.9% for the 12 months ending in July 2024, has several contributing factors:

1. Supply Chain Disruptions:
- The COVID-19 pandemic caused significant disruptions in global supply chains, leading to shortages of goods and increased production costs. These disruptions have persisted, contributing to higher prices for various products.

2. Increased Demand:
- Following the pandemic, there was a surge in consumer demand as people began spending again. This demand-pull inflation occurs when the demand for goods and services exceeds supply, pushing prices higher.

3. Global Events:
- Ongoing global conflicts, such as the war in Ukraine, have exacerbated supply chain issues and led to increased prices for commodities, particularly energy and food.

4. Labor Market Dynamics:
- A tight labor market has also played a role, with increased competition for workers leading to higher wages. While this inflationary pressure has been less pronounced recently, it still contributes to overall price increases.

5. Consumer Behavior:
- Interestingly, American consumers are becoming more price-sensitive, seeking cheaper alternatives and bargains. This shift in behavior is helping to moderate inflation as companies respond to changing consumer preferences.

Strategies to Deal with Inflation

Addressing inflation requires a multifaceted approach:

1. Monetary Policy Adjustments:
- The Federal Reserve can adjust interest rates to influence economic activity. Increasing rates can help cool down demand and reduce inflationary pressures. Recent trends indicate that the Fed may consider rate cuts if inflation continues to stabilize.

2. Fiscal Policies:
- The government can implement fiscal measures, such as targeted subsidies or tax relief, to alleviate the burden on consumers and stimulate supply in critical sectors.

3. Supply Chain Improvements:
- Investing in infrastructure and logistics can help alleviate supply chain bottlenecks, ensuring that goods are produced and delivered more efficiently, which can help stabilize prices.

4. Encouraging Competition:
- Promoting competition among businesses can lead to better pricing for consumers. This can be achieved through regulatory reforms that lower barriers to entry for new companies.

5. Consumer Education:
- Educating consumers about budgeting and spending can help them make informed choices, potentially reducing demand for overpriced goods and services.

Conclusion

In summary, the current inflation in America is driven by a combination of supply chain issues, increased demand, global events, and labor market dynamics. Addressing this inflation requires coordinated efforts from the Federal Reserve, government policies, and improvements in supply chain efficiency, alongside fostering a competitive market environment.

==> America needs effective teamworkers to deal with the economic problems. The US government alone is evidently not able to help. Only teamwork & collaborative actions can make the economy great again! :)

Sources :










 
Many borrow the equity that they've built up to pay off high interest loans, or pay for kid's college, thus little wealth building from the house.


No one starts out building a house.

You buy a small house, work to pay it off then get a better house. Even if you still owe on the mortgage if you're selling it for more than you owe you can roll that money towards your new and better house.

Renting is paying money for something you can never own, it's money gone forever. Paying a house puts that money into something that gives you equity you can turn over towards something else.

I bought my home that was 200,000 dollars and after down payment and such I paid 1200 dollars a month on the mortgage. Apartments in my area range from low end ones at 900 bucks a month to 1800 dollars a month. That's just a little under a mortgage payment and a good chunk over a mortgage payment.

Hell for around 60k you can get a 1/2 or 1/4 acre, get it surveyed, buy a mobile home, get a septic system put in and such and have a 600 dollar a month loan to repay where at the end of it you actually own the place that can be sold again for a modest price. Meanwhile you're pocketing 300 to 1000 dollars a month you'd have otherwise spent on rent as a down payment on a real house. You could buy a used mobile home on a lot or in a park for a lot less as well.

For 90% of Americans there is a better way than renting. It just takes times when you start out
 
No one starts out building a house.

You buy a small house, work to pay it off then get a better house. Even if you still owe on the mortgage if you're selling it for more than you owe you can roll that money towards your new and better house.

Renting is paying money for something you can never own, it's money gone forever. Paying a house puts that money into something that gives you equity you can turn over towards something else.

I bought my home that was 200,000 dollars and after down payment and such I paid 1200 dollars a month on the mortgage. Apartments in my area range from low end ones at 900 bucks a month to 1800 dollars a month. That's just a little under a mortgage payment and a good chunk over a mortgage payment.

Hell for around 60k you can get a 1/2 or 1/4 acre, get it surveyed, buy a mobile home, get a septic system put in and such and have a 600 dollar a month loan to repay where at the end of it you actually own the place that can be sold again for a modest price. Meanwhile you're pocketing 300 to 1000 dollars a month you'd have otherwise spent on rent as a down payment on a real house. You could buy a used mobile home on a lot or in a park for a lot less as well.

For 90% of Americans there is a better way than renting. It just takes times when you start out
Unless home prices come down or more small houses are built, I'm afraid this won't work for most people.

I put a mobile home on a two-acre patch years ago. Cheap living, and I sold it at a profit. I also sold a 20-acre hobby farm at a profit, and an 8-unit apartment building at a profit after renting it out for 18 years. However, what is left of all that today is the mobile home route, and even then they are $100,000/plus for a decent one plus the lot. Renting a space in a decent park is nearly as costly as renting an apartment. Most people are simply priced out of the housing market.

If I bought a house today, I would just pay cash, and when I croak my kids will get the benefit.
 
Unless home prices come down or more small houses are built, I'm afraid this won't work for most people.

I put a mobile home on a two-acre patch years ago. Cheap living, and I sold it at a profit. I also sold a 20-acre hobby farm at a profit, and an 8-unit apartment building at a profit after renting it out for 18 years. However, what is left of all that today is the mobile home route, and even then they are $100,000/plus for a decent one plus the lot. Renting a space in a decent park is nearly as costly as renting an apartment. Most people are simply priced out of the housing market.

If I bought a house today, I would just pay cash, and when I croak my kids will get the benefit.
I once bought a first time house----can I get the 25 thousand now?
 
I'm listening to the Harris campaign live on tv. Some Latina supporter said they have a saying in the Latin American community: "yes we can!" (In Spanish). And I couldn't help but think no you can't. The US stole all the goddam drinking water out of Mexico. Now the whole country has degenerated into gang violence and they're snuggling Mexican slaves across the US border by the truckload. The f**k you can. You most definitely CAN'T.

And blacks can't either. Even with the $25,000 new home assistance, it won't make any difference. Whites will have access to the same policy so it won't be a competitive advantage for blacks. Whites are still coasting off the competitive advantage they acquired from the GI Bill et al. Blacks big time can't.
 
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