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When Vice President Kamala Harris unveils her economic policy proposals in Raleigh, North Carolina, on Friday, it will include a proposal to provide up to $25,000 in down payment support for first-time homebuyers, according to a campaign official.

The campaign is vowing that during its first term, the Harris-Walz administration would provide working families who have paid their rent on time for two years and are buying their first home up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners.

>When Vice President Kamala Harris unveils her economic policy proposals in Raleigh, North Carolina, on Friday, it will include a proposal to provide up to $25,000 in down payment support for first-time homebuyers, according to a campaign official. >The campaign is vowing that during its first term, the Harris-Walz administration would provide working families who have paid their rent on time for two years and are buying their first home up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners. [Archive](https://archive.today/wamSE)

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[–] • 3 pts

For some reason, the price of houses will increase by $25k

[–] • 2 pts

At least 50k. Now that those that could afford it will have to bid against those that can't. Same thing with the ev car subsidies. Ford found out the gov would extend a tax credit/refund so they increased prices by that exact amount.

[–] • 2 pts

And... that will cause more rampant inflation.

[–] • 1 pt

You mean 25k stolen from those that earned it to be given to those that did not because you are trying to kill the economy? Ok...

[–] • 0 pt

No, she means "subprime is contained", again. This is war on the dollar and dwelling owners.

[–] • 0 pt

Yeah, and all of the bailouts.....etc...

[–] • 1 pt

Except when she realizes that $25,000 for down payment on a house that's $800,000 really doesn't mean shit.

[–] • 1 pt

Yes, just throw everyone's money around, increase tax for everyone to fund it and then wonder why more people can't afford homes anymore.

Demand goes up (due to free money) and meets the shortage of supply of homes for sale due to the new increased demand. Increased demand for same supply then drives up prices of the existing supply of homes for sale (seller's market), making more people not able to afford homes.

Harrisnomics. Create an inflation problem, give a shitty solution for a narrow part of the problem for media points, create a new problem for more people, leaving the inflation in place to shit up everything else.

[–] • 1 pt

The $25K is a bandaid to keep the housing circus moving along. The housing market needs 1st time homebuyers to buy the low end housing allowing those sellers to move up the real estate ladder and buy a bigger home, allowing the bigger home seller to climb another rung in the real estate ladder to buy an even bigger home... on and on. Jews make money, US Govt buys the mortgages and holds all of the risk. If the first time homebuyers stopped buying, it would screw the whole housing industry and that would be a disaster for the politicians in charge.

[–] • 1 pt

That is called communist/socialism and it has Never worked. Now ask her where That FREE money comes from, while HER current 'gov' is reporting the (stolen) Self/ PREPAID Social Security of Working Americans is somehow running out of money?

[–] • 1 pt

Sounds like trying to buy some votes with other people's money...