Current Events > Biden proposal for 9600 dollars tax credit to buy home.

(+) Yeah! (+)

what about people who already bought/own a home?

this will go nowhere but even if it does, what about people who already bought/own a home?

The "fuck you, I got mine" mentality that people have needs to die. The fact you paid off your student loans or own a house doesn't mean the Government shouldn't help people who are struggling to accomplish either of those things.

That $9600 won't go far at all with housing prices being what they are.

what about people who already bought/own a home?

Republicans will toss this one out. 400 a month isnt much but it would help take the edge off for a lot of people who bought at a crazy high interest rate.

https://twitter.com/saycheesedgtl/status/1769744021583261721?s=46&t=MclOgjiC_DZiKahxLVoZDg

this will go nowhere but even if it does, what about people who already bought/own a home?

I was gonna say... 9600 might be nice for some temporary relief for those who already own homes and are paying mortgages --- but it's not gonna help most people buy anything. We need more action from our government to stop companies from buying up properties and sending the prices sky high

All this would do is squeeze the already short supply of homes for sale and drive up those prices thus negating the whole thing.

Stop subsidizing demand, that doesnt fix the problems.

(h) Application of section.This section shall only apply to a principal residence purchased by the taxpayer on or after December 31, 2020.

what about people who already bought/own a home?

Who cares

but i presume there's red tape getting in the way of making this happen

The "fuck you, I got mine" mentality that people have needs to die. The fact you paid off your student loans or own a house doesn't mean the Government shouldn't help people who are struggling to accomplish either of those things.

Absolutely. It's illegal to build most types of housing in most neighborhoods. But removing those bad zoning laws and actually building more will reduce costs.

https://twitter.com/saycheesedgtl/status/1769744021583261721?s=46&t=MclOgjiC_DZiKahxLVoZDg

this will go nowhere but even if it does, what about people who already bought/own a home?

what about people who already bought/own a home?

I'm gonna need a better source than some random bloke on Twitter (currently known as X).

Mortgage Relief Credit. President Biden is calling on Congress to pass a mortgage relief credit that would provide middle-class first-time homebuyers with an annual tax credit of $5,000 a year for two years. This is the equivalent of reducing the mortgage rate by more than 1.5 percentage points for two years on the median home, and will help more than 3.5 million middle-class families purchase their first home over the next two years. The Presidents plan also calls for a new credit to unlock inventory of affordable starter homes, while helping middle-class families move up the housing ladder and empty nesters right size. Many homeowners have lower rates on their mortgages than current rates. This lock-in effect makes homeowners more reluctant to sell and give up that low rate, even in circumstances where their current homes no longer fit their household needs. The President is calling on Congress to provide a one-year tax credit of up to $10,000 to middle-class families who sell their starter home, defined as homes below the area median home price in the county, to another owner-occupant. This proposal is estimated to help nearly 3 million families.

Sounds good to me. But Republicans will probably block it.

The "fuck you, I got mine" mentality that people have needs to die. The fact you paid off your student loans or own a house doesn't mean the Government shouldn't help people who are struggling to accomplish either of those things.

B-B-BUT WHAT ABOUT PEOPLE WHO already have a house? UNFAAAAIIIIRRRRRRR

i swear to fuck some of the posters here dude, i cannot imagine saying that shit unironically

how bitch-made can some people be? godDAMN

I am mad

All this would do is squeeze the already short supply of homes for sale and drive up those prices thus negating the whole thing.

The "fuck you, I got mine" mentality that people have needs to die. The fact you paid off your student loans or own a house doesn't mean the Government shouldn't help people who are struggling to accomplish either of those things.