Remember when Biden promised a $15k first time homebuyer tax credit?

https://www.housingwire.com/articles/renters-and-bidens-15000-homebuyer-tax-credit/

Now it's $25k, but with the new restriction that your parents must not own a home.

https://www.housingwire.com/articles/here-it-is-bidens-homebuyer-tax-credit-legislation/

So basically, another broken Biden promise.

If any of my comrades qualify, or no longer qualify for this, what do you think?

    • ssjmarx [he/him]
      ·
      4 years ago

      Because they don't want to accidentally help the poor.

  • SolidaritySplodarity [they/them]
    ·
    4 years ago

    So excited about this fund-at-closing for people making no more than 120% median income whose parents have never owned a home unless you went through the foster system!

    - Kamala Harris

  • crime [she/her, any]
    ·
    4 years ago

    "Hey adult children of the largest home-owning generation, we got something for ya"

    • BojanglerGTX [he/him]
      ·
      4 years ago

      "Behold the glory of Biden as we do nothing about the swaths of landlords with cash offers buying up properties in your price range first day each property is on the market."

  • hahafuck [they/them]
    ·
    4 years ago

    Besides being bad, this is also bad. Its surely nice to own a house but adding people to the homeowner elite as a buy-in just makes it worse for the people at the bottom

    • DetroitLolcat [he/him]
      ·
      4 years ago

      I’m pretty sure studies have shown policies that promote homeownership increase inequality because the poor still don’t qualify and homes still appreciate more quickly in white neighborhoods because of redlining.

      • crime [she/her, any]
        ·
        4 years ago

        I can think of one policy to increase home ownership that doesn't increase inequality :mao-aggro-shining:

  • CthulhusIntern [he/him]
    ·
    4 years ago

    How to be a fiscally responsible politician who balances the budget:

    1. Introduce legislation for a very popular program that would help many.

    2. Add a means testing clause that's so restrictive it helps next to no one, and the administration of which is so time-consuming that it helps those few even less and so expensive, it would just be cheaper to not have it.

    3. Remove the entire program instead of just the means testing element upon seeing how expensive it is.

  • D61 [any]
    ·
    4 years ago

    Biden looking for ways to get the next generation to help with over population of the elderly....