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Doodley

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56. People aren't paid enough to buy their own home. Is this the best solution?

Reply to groundloop (Original post)

Sat Aug 17, 2024, 11:16 PM

Aug 2024

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Harris to propose up to $25K in down-payment support for 1st-time homebuyers [View all] groundloop Aug 2024 OP

GOP voters though? Many will jump ship for this ColinC Aug 2024 #1

Knowing the real estate people, they would probably Klarkashton Aug 2024 #2

Exactly. That's definitely what they will do. jimfields33 Aug 2024 #7

That's exactly what happened in Canada. Nt Fiendish Thingy Aug 2024 #10

First-time buyers only BeyondGeography Aug 2024 #27

No they would just raise the price. Klarkashton Aug 2024 #28

When the realtor says, "pssst, these are first-time buyers, raise the price"? BeyondGeography Aug 2024 #30

So tell them you arent a first time buyer.... getagrip_already Aug 2024 #31

Yeah and do you think the underwriter is going to approve a loan value that is inflated? Coexist Aug 2024 #34

Right now i don't think there's newdayneeded Aug 2024 #46

That is what my daughter is experiencing, too. CTyankee Aug 2024 #61

Are they gonna raise the downpayment by twenty five thousalso Tribetime Aug 2024 #39

This is one of the best economic proposals I have ever heard in my entire lifetime! Tarzanrock Aug 2024 #3

Yep, sounds great n will stimulate the economy. I hope there's some real vetting for this benefit Deuxcents Aug 2024 #4

Bought my first house with first time home buyer program! Clouds Passing Aug 2024 #5

Renters need a whole lot more relief. I am tired of the emphasis on "homeownership," valleyrogue Aug 2024 #6

A house is an INVESTMENT. speak easy Aug 2024 #8

More single family houses means more flooding and loss of habitat. 3Hotdogs Aug 2024 #17

Not every home is a single family house getagrip_already Aug 2024 #32

In N,J., most are now tear-downs to be converted from McMansions to full sized mansions. I am not kidding on this. 3Hotdogs Aug 2024 #62

The solution to that is zoning.... getagrip_already Aug 2024 #64

They've tried that in Canada Fiendish Thingy Aug 2024 #9

Their program wasn't all that great madville Aug 2024 #50

Yeah it was a superficial measure at best Fiendish Thingy Aug 2024 #53

It's going to have to include a really low interest rate though because otherwise it's still going to suck. cstanleytech Aug 2024 #11

I don't like this. Looks like buying votes. Grins Aug 2024 #12

Isn't Social Security "buying votes"? SunSeeker Aug 2024 #13

NO!!! Grins Aug 2024 #20

How are working people a "subset, of a subset, of a subset"? SunSeeker Aug 2024 #22

Google says 64% of the country owns their house questionseverything Aug 2024 #38

Wrong. For most Americans, owning a home is now a distant dream. SunSeeker Aug 2024 #41

I'm not arguing the overall point that buying a home is nearly impossible for young people questionseverything Aug 2024 #43

You have the exact situation I'm talking about! Do you think people living with their parents don't want a house? SunSeeker Aug 2024 #44

And that can come back to haunt as well madville Aug 2024 #52

What the hell? It's called proposing popular and helpful policies LymphocyteLover Aug 2024 #60

There'll be a lot of whining catchnrelease Aug 2024 #14

Well, it does suck that many of us who are homeowners Zoomie1986 Aug 2024 #21

trump raised the standard deduction newdayneeded Aug 2024 #47

Plus the SALT limit Freddie Aug 2024 #54

The whining reminds me of an old Russian proverb. SunSeeker Aug 2024 #23

There should never be any new benefits for anyone that I couldn't get when they didn't exist! BeyondGeography Aug 2024 #29

I want real estate reform Puppyjive Aug 2024 #15

idk DeepWinter Aug 2024 #16

$25k, as a percentage of the total cost of the house and the monthly mortgage payments -- 3Hotdogs Aug 2024 #18

Even better proposal....give food stamps to everyone who's income is under $200,000 per person questionseverything Aug 2024 #37

I would rather they put the house flippers and other scoundrels out of business travelingthrulife Aug 2024 #19

Kamala is on it! SunSeeker Aug 2024 #24

Love it MistakenLamb Aug 2024 #25

Interesting idea melm00se Aug 2024 #26

Housing costs are based on supply and demand... getagrip_already Aug 2024 #33

That is true in theory melm00se Aug 2024 #35

Maybe, until bob cant get that home buyer to sniff at his listing getagrip_already Aug 2024 #36

Not really true. Greed is why costs are out of control. valleyrogue Aug 2024 #42

I benefitted from the Housing and Economic Recovery Act of 2008 Shermann Aug 2024 #40

we need to invest in building. get smaller homes built. pansypoo53219 Aug 2024 #45

Absolutely but madville Aug 2024 #49

Making these kind of proposals is a madville Aug 2024 #48

Unless we have all three houses, unlikely to happen JohnSJ Aug 2024 #51

Best way to get more affordable housing is to build smaller houses. Our first house in 1950s was probably average for Silent Type Aug 2024 #55

My first house was 900 sq ft madville Aug 2024 #57

+1. There are a lot of folks who'd be happy with 900 sq ft of their own. We need incentives for smaller houses. Silent Type Aug 2024 #58

People aren't paid enough to buy their own home. Is this the best solution? Doodley Aug 2024 #56

agreed Skittles Aug 2024 #59

A better proposal would be to encourage building more homes. Yavin4 Aug 2024 #63

It's not a bad idea. Mosby Aug 2024 #65