Kamala's Karrot--$25,000

Is that $25,000 wealth transfer for first time home buyers making any traction for Democrats to choose Harris instead of Trump? Only if they know nothing about real estate. Of course, the entire housing industry has a stake in that, from the land developer to the builder to the home furnishing industry. The best down payment break is a thriving economy instead of raging inflation, and Harris' plan is inflationary. It just inflates the cost of a low end house $25,000 and moves up from there. The original first-time home buyer tax credit was created by Congress in 2008 during the burst housing bubble and ended in 2010. And that bubble too was created by government money. Remember the bundled sub-prime mortgages for people who were a poor credit risk? Your government did that.

Does it make sense to offer $25,000 for a first home credit if there aren't any being built in your price range? It's local and "green" regulations that are driving up the cost of acreage and building--and for that we can thank Harris' party and the scare tactics about global weather cycles. Where we live used to be under a glacier, so we know about that warming stuff in Ohio.

 
We bought our first home (of 5) when we were 22 and 23. We haven't had a home mortgage since our 40s. If you talk to other people our age (80s) most bought homes in our 20s instead of 35 because we married younger in those days, and parents are more willing to chip in if the couple isn't just living together. We also didn't have college loans to pay off. We also didn't have nice cars, didn't live in apartment buildings with "amenities," didn't have manicures, didn't have vacations, we didn't even have shopping malls. We all had parents who had lived through the Great Depression and WWII, knew a few things about saving money and were more than willing to tell us about it!!

That Kamala-carrot on the stick is rotten to the core. She'd better come up with something other than spending money the government first has to take from someone else.