Kam-olicy The list so far

[PurpnGold]

@Ben_Natuf

@PurpnGold

The paperwork would be between the mortgage company and the government and the buyer.

false. its the seller who gets paid

What?

My down payment does not go directly to the seller. What in the world

[PurpnGold]

@Ben_Natuf

of course I have. have you ever bought one a bank didn’t own?

Yes. I still had to take out a mortgage. I… the buyer… still had a mortgage. I wired my down payment to my mortgage company. My mortgage company gave the difference to the sellers.

If I had the cash to buy the home outright… well then I don’t need a down payment

[Eagle-Keeper]

@Ben_Natuf

@PurpnGold

Just because I’m a first time buyer doesn’t mean I’m using DP assistance.

Also, even if the seller knew… why would they be compelled to raise their selling price by 25k? That’s not how it works.

are you being purposefully stupid? There’s a shortage of housing, buyers will bid the price up, especially with their new free 25K.

and why wouldn’t you use it? It’s free money.

and if its the buyers money, of course they will try to keep the price down. Thats the point, 25K that’s not their money is easy to spend.

The only thing this will end up being is the new zero down. And when the deadbeats start defaulting and all those inflated houses hit the market everyone else is going to end up under water. We’ve seen this trick before.

Once a Dem politician declares a new government program, Democrat nuthuggers, like forum libs, need not think anymore for in their minds who among us little people is in any way capable of being in the intellectual stratosphere of a polymath like Kamala! We must throw out the simple logical fact that by government injecting billions of “free” money into the housing market will logically increase the cost of housing. We must also throw out the laws of supply and demand, as also the fact of giving out all this free money to people will logically increase the SUPPLY of buyers with an already depressed supply of houses! Couple that with flooding the country with millions and millions of more people, will also put a further strain on an already depressed housing market! But since, according to forum libs, Kamala is “wicked smart” anything she proposes must be an incredibly brilliant idea far beyond the abilities of pee-ons like ourselves.

[PurpnGold]

@Eagle-Keeper

We must also throw out the laws of supply and demand, as also the fact of giving out all this free money to people will logically increase the SUPPLY of buyers with an already depressed supply of houses!

Well good thing she also proposed incentives for home builders to build more homes.

[Eagle-Keeper]

@PurpnGold

@Eagle-Keeper

We must also throw out the laws of supply and demand, as also the fact of giving out all this free money to people will logically increase the SUPPLY of buyers with an already depressed supply of houses!

Well good thing she also proposed incentives for home builders to build more homes.

So home builders are not incentivised to build homes? Next thing you’ll tell us is that car salesmen are not incentivised to sell cars.

[WuWei]

@PurpnGold

We are not giving out bad loans like we were in 2007.

Not being able to meet the conditions of a loan program, but loaning the money anyway is not a bad loan?

[WuWei]

@PurpnGold

First… it’s up to 25k. Most people will get far less than that.

Based on what?

[WuWei]

@PurpnGold

@Eagle-Keeper

We must also throw out the laws of supply and demand, as also the fact of giving out all this free money to people will logically increase the SUPPLY of buyers with an already depressed supply of houses!

Well good thing she also proposed incentives for home builders to build more homes.

[DisturbedGuy]

@WuWei

@PurpnGold

@Eagle-Keeper

We must also throw out the laws of supply and demand, as also the fact of giving out all this free money to people will logically increase the SUPPLY of buyers with an already depressed supply of houses!

Well good thing she also proposed incentives for home builders to build more homes.

A lot of this policy discussion is speculation. We know what the goals are but until congress takes up the legislative initiative, we don’t know for certain how the law will be implemented.

A good example of this is Harris’ proposed ban on price gouging. There are no other details available. Doesn’t stop people from fear mongering with soviet style price controls.

[Tguns]

@Oryx

Can people who can’t afford a down payment afford a mortgage payment?

No, but I bet Kamala can fix that with a forgive mortgage debt program.

[Tguns]

@PurpnGold

Explain how the seller would know that the buyer is using down payment assistance?

That buyer will be the one who excepts the 25k increase in my asking price.

[PurpnGold]

@Tguns

@Oryx

Can people who can’t afford a down payment afford a mortgage payment?

No, but I bet Kamala can fix that with a forgive mortgage debt program.

Just because one can save (or be gifted from family) for a down payment, doesn’t mean they can afford a mortgage payment.

Just because one doesn’t save for a down payment, doesn’t mean they can’t afford the mortgage.

There is no direct correlation

[Tguns]

@PurpnGold

Just because one doesn’t save for a down payment, doesn’t mean they can’t afford the mortgage.

It’s a damn good indicator that they can’t. If they are living at a level where they can’t save a few grand over the course of a few years, it’s a clear indication that their financial situation isn’t stable enough to take on a large debt along with the unforseen costs associated with it over the long term.

[bigtwnvin]

@PurpnGold

@Ben_Natuf

End the Trump Tax Cuts

For “the rich” aka class envy.. You’re for job creators and investors paying more taxes? What could possibly happen?

@Ben_Natuf

Raise the Coporate Tax to 28%

Good policy

Actually that 28% was a Biden endeavor. Harris has said she would like a 35% corporate tax rate. And like all business tax attacks it’s where the money is to finance the give aways to the dependent class.. You want to predict what these companies will do? Hint: Corporations don’t pay taxes they pass them along to consumers or they do business outside the country.

@Ben_Natuf

Tax unrealized capital gains 25%

For people with 100 million in assets. Don’t worry
Again, taxing the evil rich to give to the dependent class. People with $100 million either won the lottery or have accountants protect their wealth.

@Ben_Natuf

Tax capital gains 28%

More tax the rich to finance the give aways.
I’m ok with this. Even though most of my income is here.

@Ben_Natuf

No tax on Tip Income

Meh
You ever work somewhere where tips are real income?

@Ben_Natuf

6000 child tax credit for newborns

Good

How is this made possible? As a credit on a personal IRS return against earned income or is the goobermint writing a check? Considering the millions of illegal invaders Harris-OBiden invited to swarm into America are breeding like rabbits, that’s a lot of either the taxpayers money or loss to the treasury.

@Ben_Natuf

25,000 down payment assistance for 1st time home buyers

Good

Of course, free money is always good. Except Harris-OBiden have been giving away trillions of dollars of money that doesn’t exist and the result was 8% inflation (now 3%). Like the EV Fed credit, every home’s value just increased $25k.

@Ben_Natuf

Release illegal immigrants from detention

Release them back home.

To where they came from? Yes

@Ben_Natuf

Speed up asylum claims

Great policy

As long as the claims are legit and not scams to be rubber stamped. In the meantime the remain in Mexico program should be reintroduced. No asylum hearings should be scheduled for individuals who fraudulently entered America.

@Ben_Natuf

ban bulk buying discounts for discount grocers

Link?

She said it. Get over it

@Ben_Natuf

price controls to combat grocery price gouging

She has not proposed price controls.

Harris has called grocers that operate at 1.6% profit margin “price gougers”. Really? And wants “to reduce food costs”. How? By forcing food prices down by federal edict? You think grocery stores were sparse during COVID?

@Ben_Natuf

no cash bail

Great policy!

Stupid policy. Criminals are on the streets now as the LEOs are writing the reports for the crimes they just committed! How about prosecutors doing their jobs and locking criminals up? How has cities/ states with no cash bail policy worked out?

@Ben_Natuf

expand obamacare (basically turn it into medicare for all)

Great policy!

So taxpayers who have paid into Medicare their working lives were suckers? States have Medicaid that is withheld from earners to care for low income and those who do not have medical insurance. Medicare for all is a giveaway for illegals. How is this being paid for? And why should someone who hasn’t contributed enjoy the same medical benefits as those who did? Another Inflation booster.

[Eagle-Keeper]

@Axxowiz

One would have thought people would have remembered what happened in 2007 when people had houses they couldn’t afford the bubble burst.

Except this time when people lose their jobs in a recession they won’t have a $1000 mortgage but a $5000 monthly mortgage. The bubble of all bubbles will eventually pop. I sadly believe future home ownership is a thing of the past or maybe the top10%.

It’s interesting looking at the exchanges going on here about this proposed new policy. Simply put, no matter how libs want to spin it, this is about government jumping in to manipulate the housing market by throwing money at a problem. And like you pointed out in your post it’s exactly what government did before, albeit with a different approach. What’s the definition of insanity?

[Tguns]

It’s all a scam. Democrats swooping in with taxpayer funded solutions for “victims” of the housing market. Knowing full well 5 or 10 years down the line when those new homeowners financially ■■■■ the bed, those same democrats will swoop in will sacks of taxpayer cash to save all those victimized by “predatory loans”, evil proffiteers or whatever they chose to label the villians at that time.

[DisturbedGuy]

@Tguns

It’s all a scam. Democrats swooping in with taxpayer funded solutions for “victims” of the housing market. Knowing full well 5 or 10 years down the line when those new homeowners financially ■■■■ the bed, those same democrats will swoop in will sacks of taxpayer cash to save all those victimized by “predatory loans”, evil proffiteers or whatever they chose to label the villians at that time.

I disagree. It depends how the program is implemented. What if it was a match of your own down payment? People were priced out due to the rapid rise of home prices.

[Tguns]

@DisturbedGuy

I disagree. It depends how the program is implemented. What if it was a match of your own down payment? People were priced out due to the rapid rise of home prices.

(Not trying to be an ass)

Match “your” down payment with “our” money?

How about match “your” down payment with what “you” can afford?

Look, I get it. The housing market sucks, prices are crazy and it’s damn hard to get into a house in the current environment. But I don’t see any way throwing more cash into the issue doesn’t create further problems. There has to be a better solution.

[WuWei]

She could clear up the speculation.

I honestly don’t understand the “joy” other than the “not Trump” aspect. To me, it’s insane to bote for somebody who doesn’t have clear stances on major issues. I don’t get it.

It looks like the hatred for Trump the personality is so deep that many would vote for anyone to keep him out.

[WuWei]

@PurpnGold

@Tguns

@Oryx

Can people who can’t afford a down payment afford a mortgage payment?

No, but I bet Kamala can fix that with a forgive mortgage debt program.

Just because one can save (or be gifted from family) for a down payment, doesn’t mean they can afford a mortgage payment.

Just because one doesn’t save for a down payment, doesn’t mean they can’t afford the mortgage.

There is no direct correlation

What’s the purpose of a down payment?