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Because the last time the government futzed around in the housing market with financial incentives for home buyers it worked out so well for everyone. Are peopl
by elmerfud 3y ago
Because the last time the government futzed around in the housing market with financial incentives for home buyers it worked out so well for everyone. Are people's memories really this short? The last thing we need is the government dumping money into the housing market in the form of incentives for buying. Unless this is their plan to simply bankrupt more people.
A better plan would be to put incentives on the building of a new housing. To actually increase the house inventory especially these starter home house inventory. Allow supply to increase so home prices will level off maybe even reduce in some idiotically priced areas. This way we don't get into another pump and dump cycle by sticking people into homes that they can't afford through some sort of incentive plan. Because if $10,000 is going to incentivize you to buy a home in this market you can't afford that home already.