https://x.com/POTUS/status/1789052799130509325
My dad always used to say that the way you build wealth is by building equity in your home.
— President Biden (@POTUS) May 10, 2024
My housing plan would help Americans achieve homeownership by giving households $400 a month for two years when they buy their first home. pic.twitter.com/TH0BObFbRM
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Don't you know that when you subsidize demand prices magically come down?
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It's so frustrating lol. I feel like this admin hasn't lifted a finger to actually reduce home prices (by encouraging construction of more homes). Now granted, that's mostly a local issue, but the local dems here haven't done that either - in fact they seem to be blocking construction on the grounds that property developers should never be allowed to make money.
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No fricking shit
They are actively against actually lowering home prices, because that would hurt existing home owners, who generally bought assuming that prices would keep going up forever.
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Isn't first time homebuyer subsidies as good as it gets?
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Election bribing in full swing lol.
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It's too low to be meaningful, too much to be given out to black people.
Thanks, I hate it.
Democracy is the art and science of running the circus from the monkey cage.
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Bidenomics at its finest
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It's literally all for boomer retirement protection, this admin has to know this. Cater to the demographic that holds the most assets and, ahem, actually fricking votes, and screw the rest. The government will literally let everyone under the age of 30 die if it means they can keep the boomer 401Ks stable.
The only reliable way to get on ahead is to do boomer shit yourself. Buy that house. Invest in that stupid dividend ETF. Finance a jet ski (you'll be getting a tax credit that, for no discernible economic reason, covers jet skis).
I'm buying long term call options on SPY on down days and expect stock prices to melt up for the next decade at least so boomer accounts can keep their 7% government guaranteed stock returns. And I'm not happy that I'm correct.
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Imagine a world where only net taxpayers could vote, and SS retirees held no power
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I can see it
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Prices went up since 2019 by at least 1,5 times that 9,6k ain't going to do shit
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Desperation is such a stinky cologne.
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Wow, free money for people to spend. This is why college is super cheap right?
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Wow who would advise Biden to trick the American people into voting for him while making homes even more unaffordable???!?
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"Politicians are the same all over. They promise to build a bridge even where there is no river."
Snapshots:
https://x.com/POTUS/status/1789052799130509325:
ghostarchive.org
archive.org
archive.ph (click to archive)
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