WingsOfGood posted...
Think about it like this. Why do houses go up? Because there is people buying. You give a bunch of buyers money to go buy a house, what happens? They go up. Then you have negated the check you gave them.
The solution is regulations and increasing supply by well, undoing regulations like certain nimby zoning restrictions. Also preventing corporate buyouts of homes and programs that monopolize the rent as we know exists.
This is clearly a bandaid, thats obvious. But when youre working with people who wont allow anything but a bandaid, and a lot of times, not even that, you take what you can get. Blaming Biden for doing something to try to help is backwards. Many first time buyers are going to benefit from this, as have many first time buyers benefited from many first time buyer support. Does it solve all the problems? No. Does it help people in need? Yes.