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This is going to drop the housing market. California is offering to pay the 20% down payment now. Crazy times. https://www.kcra.com/amp/article/california-drea

• chollida1 4y ago
  > This is going to drop the housing market. Can you expand on this idea, because I can't follow your logic here.
  • vuln 4y ago
    Well for most Americans the biggest loan they’ll take out in their life is a loan for a home. Home prices since haven’t dropped to a reasonable level. Rents have increased everywhere. Most people are barely scraping a down payment together to get into a house. If banks aren’t lending, then people cannot buy overpriced homes, thus the homes will sit on the market longer and typically drop in price. That’s the housing market dropping. Now we have California paying the 20% down with 0 interest if you make less than 211k/yr.
• deleted 4y ago
  [deleted]
• TradingPlaces 4y ago
  The issue is in commercial lending