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First Time Home Buyers


Issue Summary
The American Dream includes being able to buy a home and call it your own. However, over the last 3 years, with the increase in first time home costs and the massive increase in home mortgage rates, that dream is out of reach in many first time home buyers. The problem is a combination of things including, high interest rates, a jump in home prices due to demand, and less higher paying good jobs.
First Time Home Buyers - MortgageFirstTimePayments.png

Liberal Position

Liberals believe the problem with the high cost of houses is due to corporations stepping in and buying up all the properties and then renting them out at high rents.  This is partially true by this analysis.

Kamala Harris has proposed to provide $25,000 for first time home buyers to assist them with buying their home.

Conservative Position

Conservatives believe the high cost of housing is driven by the increase in remote workers and workers choosing to relocate to otherwise low cost areas.  This drives up local prices faster than normal in these areas. 

The $25,000 housing subsidiary proposed by Harris will have a further effect of driving up prices even more.  Donald Trump proposed to jump start the economy to provide higher pay, lower energy costs, lowering inflation and reversing the increase in these home prices. 

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