Comments by "Setta" (@settame1) on "Black Journalists DESTROY Kamala Harris" video.

  1. 25k makes people over spend on their home. It also will be super easy to use for money laundering (eg selling a family member your home for $25k).
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  2. It’s a huge feed back loop. Sellers have to sell for an extra 25k because the house they’re looking at buying has gone up by 25k etc etc. because naturally only a small portion of the market is first time home buyers this will just drive up the price. Interest rates are really what’s keeping people from becoming home owners. We could afford a house 1/4 the value of the one we have if we wanted to maintain the same mortgage payments. It will be very specific markets that are going to be targeted and will cause a lot of people to default. The down payment was meant to be essentially earnest money entry into the market (you can prove you can pay for it now keep going). Now you’re giving people 25k even if they can’t afford the first and last months rent. Most people don’t put 20% down, so you’re still going to have a PMI and it’s likely not going to cover homes that 25k work actually be a 20% down because those homes barely exist anymore. My brother’s house in backwoods South Carolina is going for 220k and it’s basically a teardown on a terrible street.
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