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Libs - do you think Harris' 25K tax credit for 1st time home

Posted on: August 31, 2024 at 08:10:56 CT
90Tiger STL
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buyers (for the down payment) will succeed in her goal of 'lowering the cost of home ownership'?

I don't.

I think that 25k will go to the sellers and will drive prices UP, not down.

Do you support this policy?

https://abcnews.go.com/Politics/harris-propose-25k-payment-support-1st-time-homeowners/story?id=112877568

oh and the $40B federal handout to communities to build gvmt housing?

Officials said she will propose a new $40 billion innovation fund -- doubling that of the $20 billion Biden-Harris proposed innovation fund -- that will be used for local governments to fund local solutions to build housing and support "innovative" methods of construction financing. It will also allow for certain federal lands to be eligible to be repurposed for new housing developments.

Edited by 90Tiger at 08:11:57 on 08/31/24
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Libs - do you think Harris' 25K tax credit for 1st time home - 90Tiger STL - 8/31 08:10:56
     If by tax credit, a dollar for dollar reduction in taxes - TigerMatt MISS - 8/31 08:19:39
          RE: If by tax credit, a dollar for dollar reduction in taxes - BH O'bonga MU - 8/31 08:33:04
               Let’s assume it is really a $25K payout called a tax credit. - TigerMatt MISS - 8/31 08:57:33
                    So by "positive step" you meant it will make housing - phrejd KC - 8/31 09:05:02
                         No. If it is a tax credit that just reduces taxes owed, then - TigerMatt MISS - 8/31 09:08:25
                              So it would be harder to buy a house - phrejd KC - 8/31 09:12:15
                                   Two different scenarios. One, a tax credit that reduces - TigerMatt MISS - 8/31 09:17:45
                                        Both will increase them(nm) - tman MU - 8/31 10:56:09
                                             Nein. You are arguing that taxation is good to keep down - TigerMatt MISS - 8/31 11:21:36
                                                  Tax cuts put more money in people’s pockets - haeffb MU - 8/31 11:42:34
                                                       So increasing taxes is good because it will bring down the - TigerMatt MISS - 8/31 14:32:09
                                        They both increase home prices, Matt (nm) - phrejd KC - 8/31 09:23:30
                                             That's highly unlikely. - tigerdb MU - 8/31 12:28:28
                                             Nah. The first scenario, that $25K return on taxes - TigerMatt MISS - 8/31 09:28:32




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