Harris to propose $25K in down payment support for 1st-time homebuyers : neoliberal

This has already been done in other countries and all it did was make those houses $25K more expensive and incentivizes builders to cut corners by rapidly throwing up houses to be hungrily slurped up by less-discerning and uninformed buyers spending other people's money.

And, if the $25K (or any other assistance) comes in the form of a low-interest loan, it creates a time-bomb for when the loans run out. The homeowners can't afford to pay the mortgage when it's no longer subsidized and they can't sell their homes without taking a big loss because they are A. Crappily built and falling apart. B. Everyone is in the same position and selling at the same time. and C. People who can't save up a deposit don't suddenly start 'building wealth' if you give them a handout.