Yes...that will solve the issue. Now I just need to scrape together $595,000 and I can finally have my own little slice of heaven. Thanks, Joe!
When Joe entered politics this would have been 10-20% of the cost of a house
Now it isn’t even 10% of a down payment
There are land transfer taxes and legal fees associated with home purchases. Tbh idk if this tax credit would cover those!
The median home sales price in the United States is $417,700 as of the fourth quarter of 2023.
here's 1%, you're welcome1% off! These houses are flying off the shelves! Come get your 1% discount!
God I fucking love tax credits. It's like the dems really know me, you know? I wonder if the tax credits are only for first time home buyers in a disadvantaged community, that are part of a specific minority group?
Holy fuck i just read the article it's just succ extreme.
Biden will also call for an expansion of the low-income housing tax credit to build or preserve 1.2 million more affordable rental units. He is also proposing a new neighborhood homes tax credit, the first tax provision to build or renovate affordable homes. And Biden will unveil a new $20 billion competitive grant fund as part of his budget, expected next week, which would support the construction of affordable multifamily rental units and remove barriers to housing development.
This is the meat of it. All of this money will be going to suburban sprawl and the companies that build the cheapest homes they can, many of them unlivable after less then a decade.
The buyer's insentives just bump up the price anyway. It's more of a realtor bailout than anything.
So you can only get this by already being able to come up with the money to buy the house in the first place, right? How does that help anyone? Is there any segment of the population out there who is thinking about buying a house, but their only obstacle is that they won't get $5,000 back on their taxes 10-12 months after making the purchase?
Nevermind the pittance 5k does to help a first-time buyer, the fact it's a credit means this does nothing to assist people that weren't already in a position to buy in the first place.
Fuckin love being tossed the idea of a pittance and knowing that I won't even get that
Bro, bro, hear me out! The problem is houses are too expensive because NIMBYs block new construction and investors are hoarding real estate. So all we have to do is make it easier to pay for the high cost of housing. We need to let everyone get in on the bidding war, not just the wealthy and corporations!
Seriously WHAT THE FUCK.
They fucking ended immensely popular free money programs and then had their fucking elitist twat hemorrhoid talking heads gaslight everyone into believing that the REAL poor people are the Azov Battalion.
Is there even a SINGLE FUCKING DEMOCRAT IN CONGRESS who wants to not butcher SNAP, or god forbid maybe end the stupid Bush era prohibition of buying hot food with food stamps?
Seriously
I fucking hate Trump but at least that mother fucker gave us money
I didn't like Obama but at least obamacare was something even if it was more of a handout to the insurance industry
Genocide Joe comes to us completely empty handed. Not only that, his empty hand is outstretched begging us for a handout
Words cannot describe my feeling of spite and rage
Someone I love very dearly got off the streets because of the COVID unemployment thing.
