Having overseen a spectacular increase in mortgage rates during her time in Washington, Democratic presidential candidate and Vice President Kamala Harris said she wants to make it easier to buy a home, courtesy of the taxpayer. Harris is announcing Friday that if she is elected she will seek to ram through Congress a proposal to shell out $25,000 in to what it calls working families buying their first home, according to . Individuals who are the first in their families to buy a home would get even more generous taxpayer-funded handouts.
“Many Americans work hard at their jobs, save, and pay their rent on time month after month. But they can’t save enough after paying their rent and other bills to save for a down payment — denying them a shot at owning a home and building wealth,” the campaign said in a statement. “As the Harris-Walz plan starts to expand the supply of entry-level homes, they will, during their first term, provide working families who have paid their rent on time for two years and are buying their first home up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners,” the statement said.
Far less rosy language flowed on X. won’t that just increase the price of all homes by $25,000 while also increasing the deficit — Whole Mars Catalog (@WholeMarsBlog) The plan? Reduce prices by increasing demand. — Jarvis (@jarvis_best) The Harris campaign is suggesting the same subprime mortgage structure that cause.