Harris releases plan to lower housing costs

[Bill Gates]

https://nlihc.org/resource/harris-ca...-housing-costs


First time home buyers will receive $25,000 as a down payment toward their home.

That is huge. Not sure how independents voters can ignore that.

[highwhey]

trump would never! but he'll ask you for donations to build a wall and never spend it on the actual border

[rmt]

$25k will just drive up the cost of housing - anything that government touches drives COST UP (see education, medical, etc.) Who's gonna pay for this and what will it do to inflation? So, all the "green" regulations are out? - no gas stoves, no solar panels, no electric charger, no...

What is needed is LESS regulations - there ain't ever been a regulation that Dems didn't like - it's all about CONTROL.

[j3lademaster]

It’s a smart political move. You can’t criticize it as a conservative without being a massive hypocrite because it promotes market competition, but at the end of the day it’s just more wealth tax cuts for real estate investors. I can see it lowering costs in less desirable cities, but something like the bay area or sf there are tons of empty houses and costs keep going up despite rising crime, causing more and more gentrification outside of town. The 25k is inherently harmful, there have been numerous studies and real world examples of prices going up when people have more access to loans and the like: student loans inflating tuition, the invention of the mortgage loan, hell we can go back to renaissance europe to business loans given out by the Medicis.

[Bill Gates]

$25k will just drive up the cost of housing - anything that government touches drives COST UP (see education, medical, etc.) Who's gonna pay for this and what will it do to inflation? So, all the "green" regulations are out? - no gas stoves, no solar panels, no electric charger, no...

What is needed is LESS regulations - there ain't ever been a regulation that Dems didn't like - it's all about CONTROL.

This isn't a regulation and I don't see why it would cause prices to go up. It's for first time buyers only.

I'm sure it would come in the form of a bill. Something like "The Affordable Home Act" and then if it passes, which it would, the Gov essentially just "prints it up".

As long as they only "print up" an extra 2% each year inflation should be good. And we are currently at a healthy inflation rate right now so they are ready to turn on the faucet again.

[Patrick Chewing]

This isn't a regulation and I don't see why it would cause prices to go up. It's for first time buyers only.

I'm sure it would come in the form of a bill. Something like "The Affordable Home Act" and then if it passes, which it would, the Gov essentially just "prints it up".

As long as they only "print up" an extra 2% each year inflation should be good. And we are currently at a healthy inflation rate right now so they are ready to turn on the faucet again.

If home sellers know that the government is giving home buyers $25K to put down towards the purchase of a house, then of course home sellers would be inclined to raise their prices.

[Bill Gates]

If home sellers know that the government is giving home buyers $25K to put down towards the purchase of a house, then of course home sellers would be inclined to raise their prices.

Yeah that wouldn't work here, the market is dead and prices are topped out. No one is selling or buying. It needs to be kick-started, hence this incentive.

If anything we are on the verge of a housing market collapse.

[highwhey]

Yeah that wouldn't work here, the market is dead and prices are topped out. No one is selling or buying. It needs to be kick-started, hence this incentive.

If anything we are on the verge of a housing market collapse.

patrick lives in his mom's basement (he's 42 years old) so don't expect him to know much about the real estate industry.

[Hey Yo]

Yeah that wouldn't work here, the market is dead and prices are topped out. No one is selling or buying. It needs to be kick-started, hence this incentive.

If anything we are on the verge of a housing market collapse.

Complete retardation

[Bill Gates]

Complete retardation

https://www.redfin.com/news/home-sal...pandemic-2024/
Existing Home Sales, Pending Sales Fall to Lowest Level Since Pandemic


That article is just 1 week old

[Patrick Chewing]

Yeah that wouldn't work here, the market is dead and prices are topped out. No one is selling or buying. It needs to be kick-started, hence this incentive.

If anything we are on the verge of a housing market collapse.

Prices are topped out right now, but interest rates will continue to drop. And if you're giving people free money to put down towards a house, then the power goes back to the seller. Right now, despite rates being high, the buyer has the power. If houses aren't moving, I would make offers like crazy on a house I want, and then refinance at a later date once the rates drop.

[ArbitraryWater]

OP thinks price controls are good and is talking himself into Kamala having a chance lolol

[TheMan]

OP thinks price controls are good and is talking himself into Kamala having a chance lolol

So you're saying she has no chance? Do you know how the US Electoral College works even? She just needs to hold the historically reliable Democratic states that are for a reason called The Blue Wall States, that Biden won in 2020, Wisconsin, Michigan and Pennsylvania, and she wins, where she's leading rn BTW according to the polls...and she reaches 270, and becomes the next POTUS, she wouldn't even need Nevada (where she's up), nor North Carolina, Georgia and Arizona where it's very close but Trump is up right now. She definitely has "a chance". You probably know less about US elections than about the NFL

[Dbrog]

These sort of things are such trap policies for the casual (and usually poor) voter. They see "free money" and basically will vote accordingly...same thing with the child tax credit significant increase (which both candidates want; was Trumps policy first). Sadly, like others in this thread are stating, all it does is increase costs across the board and misallocate our tax paid dollars. Harris economic policies would 100% cripple our economy, which is fortunately why I doubt they would pass.

That said, Trump is also a spender which is ultimately bad for us. He at least allocates it into areas that actually help the average person (despite what the media tells you). It was a big reason I liked RFK because he was the only candidate that was concerned about balancing the budget by cutting military spending, getting out of funding overseas wars, and restricting or cutting a bunch of government ran programs that are never audited for usefulness and are generally a huge waste of taxpayer dollars WHILE ALSO negatively impacting private market competition.

[j3lademaster]

OP thinks price controls are good and is talking himself into Kamala having a chance lolol

What part of her policy is suggesting price control? Why do you keep trying to participate in conversations you literally have zero knowledge about? And countries like Japan has successfully implemented price control on properties. Germany has price control on drugs, rent, and has extensive price stabilization for individual companies. Germany has a pretty thriving economy, no?