Comments by "wvu05" (@wvu05) on "Republicans PANIC As Trump's Economic Attacks On Harris Flop BIG TIME" video.

  1. ​ @hydratanksamari  I don't know if the OP is being sincere or trolling, but expanding the child tax credit helps pay bills, but we need construction (including public housing) so people can actually buy a house, and we need to do things that our capitalist system will not crack down on when it comes to who can buy a home. In order to get a home loan, banks tend to say that you can't borrow if the house to income ratio is greater than 4:1. In 1950, the median house was less than twice the median income. Today, that ratio is closer to 8. And it's harder to save because rent is so high, so the down payment is that much lower, which means that mortgage payments are higher and people have to pay mortgage insurance. If you can somehow manage to overcome all this and still find a house, shell purchasers will offer to pay above the asking price and in cash, so good luck competing with that. Then, the shell purchasers turn around and put a For Rent sign up, and because way too many people who should be in the housing market are forced into the rental market, prices go sky high, meaning that you can't save, and the cycle gets worse and worse. Housing is in a death spiral at this point, and everyone except for renters benefits from higher prices (landlords get to charge higher rent, sellers get more money, real estate gets its cut, local governments get more revenue from property taxes, which means schools are better, and homeowners get to show off how rich they are), so there is no market incentive to address the problem.
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