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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