Global Financial Crisis 2024 - Kamala's First Policy Proposal Is A Communist Price Cap On Groceries. $25,000 Price Increase On Starter Homes

[kgwillison]

It's the same with the $25,000 first time home buyer credit. If EVERYONE knows the credit exists, well then that will just be priced into the new home immediately. In the end the government deficit grows bigger, and the bureaucracy grows bigger. And nothing is done for the fist time home buyer.

That really is a stupid comment. Did you know that there has been down payment assistance programs going back many years? There is even a website called downpaymentresource.com that lists all of the available down payment programs available to borrowers.

There have been bills introduced in Congress going back several years to provide targeted down payment assistance programs to first-generation home buyers. This is not everyone. So not every home is going to go up by $25,000.

It would be like you arguing that no one at Clemson should be given a college scholarship because it will increase the cost of a Clemson education. Would Clemson be better off offering no scholarships to athletes or lower-income high school students? Would the country be better off if lower-income people were locked out of college and homes?

No.

Targeted assistance works. And that is what down payment assistance would be. Targeted at people who have been historically shut out from homeownership because their families were historically shut out of homeownership. Before you tell me how everything is fair now, please research the history of how Americans build wealth (home equity is the No. 1 ingredient) and then research the history of federally approved redlining in America.

 

[dpic73]

 

[fatpiggy]

That really is a stupid comment. Did you know that there has been down payment assistance programs going back many years? There is even a website called downpaymentresource.com that lists all of the available down payment programs available to borrowers.

There have been bills introduced in Congress going back several years to provide targeted down payment assistance programs to first-generation home buyers. This is not everyone. So not every home is going to go up by $25,000.

It would be like you arguing that no one at Clemson should be given a college scholarship because it will increase the cost of a Clemson education. Would Clemson be better off offering no scholarships to athletes or lower-income high school students? Would the country be better off if lower-income people were locked out of college and homes?

No.

Targeted assistance works. And that is what down payment assistance would be. Targeted at people who have been historically shut out from homeownership it’s not because their families were historically shut out of homeownership. Before you tell me how everything is fair now, please research the history of how Americans build wealth (home equity is the No. 1 ingredient) and then research the history of federally approved redlining in America.

It’s not a stupid comment unless you don’t understand Econ 101.

All those other assistance programs? Yeah, they raise prices too!

 

[okclem]

@fatpiggy Say something real stupid about this

 

[kgwillison]

It’s not a stupid comment unless you don’t understand Econ 101.

All those other assistance programs? Yeah, they raise prices too!

I have an economics degree from the No. 1 public university in the country. I know economics. And if you think down payment assistance programs are the driving factor in house price escalation, you really are confirming your idiocy. Kamala Harris will be announcing a plan today to increase housing supply by 4 million homes by the end of her first term. She will do that partly by providing tax incentives to builders to construct entry level homes.

Those are the kind of things Trump could have done in his first term but didn't. Instead, his administration waited until the last year in office to seek input on how the federal government could eliminate regulatory burdens to affordable housing. And when was that report published? Jan. 19, 2021. One day before he left office. So that shows how much Trump cared about housing shortages. The issue isn't a new one but he doesn't give a damn. He has his Florida, NJ and NY palaces.

 

[fatpiggy]

I have an economics degree from the No. 1 public university in the country. I know economics. And if you think down payment assistance programs are the driving factor in house price escalation, you really are confirming your idiocy. Kamala Harris will be announcing a plan today to increase housing supply by 4 million homes by the end of her first term. She will do that partly by providing tax incentives to builders to construct entry level homes.

Those are the kind of things Trump could have done in his first term but didn't. Instead, his administration waited until the last year in office to seek input on how the federal government could eliminate regulatory burdens to affordable housing. And when was that report published? Jan. 19, 2021. One day before he left office. So that shows how much Trump cared about housing shortages. The issue isn't a new one but he doesn't give a damn. He has his Florida, NJ and NY palaces.

It's death by a million regulations. It's not one assistance program, or aid. They all add together to distort the market. And look what we have left. We have a severe housing shortage that prices consumers out.


At this point we need Elon to be in charge of the Government efficiency counsel and we need to mimic Miliei from Argentina.

 

[fatpiggy]

Just wait until it happens to meat. You think steaks are expensive now? Wait until price controls hit the meat market.

 

[fatpiggy]

 

[WapPride]

It's death by a million regulations. It's not one assistance program, or aid. They all add together to distort the market. And look what we have left. We have a severe housing shortage that prices consumers out.


At this point we need Elon to be in charge of the Government efficiency counsel and we need to mimic Miliei from Argentina.

Yes, please save us daddy Elon.

Elon Musk may have to sell billions in Tesla stock to rescue X

Plunging U.S. revenue at X risks opening up a "massive hole" on its balance sheet that Musk needs to plug to stave off its financial collapse.

fortune.com

 

[fatpiggy]

 

[fatpiggy]

Yes, please save us daddy Elon.

Elon Musk may have to sell billions in Tesla stock to rescue X

Plunging U.S. revenue at X risks opening up a "massive hole" on its balance sheet that Musk needs to plug to stave off its financial collapse.

fortune.com

Tesla is up $17 bucks the last two days. Hopefully you sold to get out in front of Elon.

Also, you are aware that SpaceX is cash flow positive? They will probably spin off Starlink shortly. Nothing says he has to sell Tesla to meet X cash flow.

 

[fatpiggy]

 

[WapPride]

Tesla is up $17 bucks the last two days. Hopefully you sold to get out in front of Elon.

Also, you are aware that SpaceX is cash flow positive? They will probably spin off Starlink shortly. Nothing says he has to sell Tesla to meet X cash flow.

nah i'm still sitting on some tesla stock. it's down something like 15% ytd, but i'm not overly concerned.

 

[fatpiggy]

 

[fatpiggy]

nah i'm still sitting on some tesla stock. it's down something like 15% ytd, but i'm not overly concerned.

Maybe Elon has already sold?

I doubt he would sell before 10/10 anyway.

 

[fatpiggy]

 

[fatpiggy]

 

[okclem]