Kamala Harris's approach to the economy. Make housing with a holistic approach.

[GMCGeneral]

They are given taxpayer money.

Now if you want to start a go fund me for first time homeowners then Godspeed but leave the taxpayer alone.

Last time the Democrats meddled in the Housing market, we were hit with the 2008 recession. See a pattern here?

 

[daveman]

California spent billions on homelessness without tracking if it worked​

This is want Democrats want for all of America.

 

[citygator]

They are given taxpayer money.

Now if you want to start a go fund me for first time homeowners then Godspeed but leave the taxpayer alone.

So are you against mortgage deductions?

 

[you can't hurt ham]

What about the guy who moved to another state sold his first home but is now trying to get another home? Does he qualify and should his taxes be given to someone who hasnt proved that they can pay their mortgages on time? Socialism is what Kamala is pandering.

Who knows. She is, of course, just saying that to get votes. She does, of course, use slick legalese like up to 25k. The average rube doesn't even know what that means. If she gets in (from cheating), then she will have no intention of giving out that money. Except for favors.

 

[you can't hurt ham]

Thats for first time homeowners who are not already getting a deduction on their taxes for mortgage interest.

So consider this. You have 2 people making the same amount both paying $2,000 per month to live in a place. One has a mortgage the other pays rent. The renter doesnt get thousands of dollars back for their rent payments so they are not on an even footing when trying to buy a home.

$25,000. Consider that.

 

[citygator]

$25,000. Consider that.

Why?

 

[Toddsterpatriot]

Thats for first time homeowners who are not already getting a deduction on their taxes for mortgage interest.

So consider this. You have 2 people making the same amount both paying $2,000 per month to live in a place. One has a mortgage the other pays rent. The renter doesnt get thousands of dollars back for their rent payments so they are not on an even footing when trying to buy a home.

One has a mortgage the other pays rent. The renter doesnt get thousands of dollars back for their rent payments

The one with a mortgage gets thousands of dollars back? How does that work?

 

[Toddsterpatriot]

If the government created the unequal footing what is wrong with making it equal? There is no real reason to protest giving a tax break on first time homeowners one single year, the year they buy their first home, when currently homeowners get that break every single year.

There is no real reason to protest giving a tax break on first time homeowners one single year,

Tax break? Will she cut their tax rate? Like Trump did?

 

[you can't hurt ham]

Why?

 

[citygator]

One has a mortgage the other pays rent. The renter doesnt get thousands of dollars back for their rent payments

The one with a mortgage gets thousands of dollars back? How does that work?

It is called a mortgage interest deduction. Look it up.

 

[citygator]

Awesome job not answering. Enjoy being dumb.

 

[Toddsterpatriot]

It is called a mortgage interest deduction. Look it up.

Don't run away, let's look at some actual numbers.

Median sales price for a home in the US is about $412,000.

Run the numbers for a married couple buying a $412,000 home in Biden's America.

 

[citygator]

Don't run away, let's look at some actual numbers.

Median sales price for a home in the US is about $412,000.

Run the numbers for a married couple buying a $412,000 home in Biden's America.

Your looking at around $25K in mortgage payments a year of which $9K will be deductible from your taxes.

 

[Toddsterpatriot]

Your looking at around $25K in mortgage payments a year of which $9K will be deductible from your taxes.

You were lying, the one with a mortgage doesn't get thousands of dollars back.

Just for fun, can you tell me how you came up with $25K and $9K?

 

[citygator]

You were lying, the one with a mortgage doesn't get thousands of dollars back.

Just for fun, can you tell me how you came up with $25K and $9K?

$400k mortgage at 6% will run you just over $2k a month which is about $25k and then you reduce your earned income at the end of the year by $25K and get back $6k to $9k from the US government depending on your tax rate. Thousands of dollars back.

 

[Toddsterpatriot]

$400k mortgage at 6% will run you just over $2k a month which is about $25k and then you reduce your earned income at the end of the year by $25K and get back $6k to $9k from the US government depending on your tax rate. Thousands of dollars back.

$25K in interest is still less than the 2023 MFJ standard deduction of $27,700.

I don't see an unfair disadvantage to the renter yet.

 

[citygator]

$25K in interest is still less than the 2023 MFJ standard deduction of $27,700.

I don't see an unfair disadvantage to the renter yet.

All things being equal a home owner has a deductible expense a renter doesnt. You can craft all kinds of scenarios to find an exception but if you hold everything equal it is true. I think it drives up home ownership and is a good reward, BUT, it is a handout to home owners.

 

[Toddsterpatriot]

All things being equal a home owner has a deductible expense a renter doesnt. You can craft all kinds of scenarios to find an exception but if you hold everything equal it is true. I think it drives up home ownership and is a good reward, BUT, it is a handout to home owners.

All things being equal a home owner has a deductible expense a renter doesn't.

All things aren't equal.
The renters had a standard deduction of $27,700 in 2023.

 

[you can't hurt ham]

Awesome job not answering. Enjoy being dumb.

Can you also count to carrot?