posted by geeblock
I think it’s for the down payment I was assuming so that u can actually buy it. Not making it 25,000 cheaper. I think a lot of people can afford to pay a mortgage, because most are paying higher rent than what a mortgage would be, but don’t have the down payment. I’m assuming that’s what it is I haven’t dug into it
Programs already exist, especially for 1st time home buyers. For others, there's mortgage insurance if you don't have 20% down. So where does the money come from to subsidize people with a higher default risk? I'll give you one guess...Also, before you champion this policy you may want to do some reading up on the 2008 financial/housing crisis. Because I KNOW how much you hate reading posts full of misinformation.
Just like laws against gouging already exist. Maybe not federal, but LOL inflation coming down means "gouging" is no longer widespread [not that it was ever a real issue]. Just another pandering double-down that inflation was caused by corporate greed instead of fiscal policy.