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2024-08-17 Home Front: Politix

Harris to propose up to $25K in down-payment support for 1st-time homebuyers

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Posted by Fred 2024-08-17 00:00|| || Front Page|| [11136 views ] Top

#1 Bread & Circuses.

Posted by Grom the Reflective 2024-08-17 03:17|| 2024-08-17 03:17|| Front Page Top

#2 Obama economist trashes Kamala Harris' price control plan: 'This is not sensible policy'

Posted by Skidmark 2024-08-17 06:37|| 2024-08-17 06:37|| Front Page Top

#3 2008 prime crash. Never learn.

Posted by Procopius2k 2024-08-17 06:53|| 2024-08-17 06:53|| Front Page Top

#4 Startling rise in rent prices in major cities across the US as Americans struggle to keep up

Posted by Skidmark 2024-08-17 07:09|| 2024-08-17 07:09|| Front Page Top

#5 ^ Adam Smith's invisible hand. Time to move on to better opportunities. County Crimissioners who pander to developers and their HGTV tricked out houses. You think the Z'ers would settle for a Levittown model?

Posted by Procopius2k 2024-08-17 07:35|| 2024-08-17 07:35|| Front Page Top

#6 Or Khrushchevkas, P2k?

Posted by Mullah Richard 2024-08-17 09:39|| 2024-08-17 09:39|| Front Page Top

#7 Why don't we just make everything free? Think of all the money we could save if we didn't have to print money!

Posted by SteveS 2024-08-17 10:52|| 2024-08-17 10:52|| Front Page Top

#8 Let’s focus on Invitation Homes, a $21 billion publicly traded company that was spun off from Blackstone, the world’s largest private equity company, in 2017. Invitation Homes operates in 16 cities, with the biggest concentration in Atlanta, where it owns 12,556 houses. (Though that’s not much compared with the 80,000 homes sold in Atlanta each year, Invitation Homes bought 90 percent of the homes for sale in some ZIP codes in Atlanta in the early 2010s.) While normal people typically pay a mortgage interest rate between 2 percent and 4 percent these days, Invitation Homes can borrow money for far less: It’s getting billion-dollar loans at interest rates around 1.4 percent. In practice, this means that Invitation Homes can afford to tack on an extra $5,000 to $20,000 to the purchase price of every home, while getting the house at the same actual cost as a typical homeowner. While Invitation Homes uses a mixture of debt and cash from renters to buy houses, its offers are almost always all cash, which is a big leg up in a competitive market.

Posted by Deacon Blues 2024-08-17 12:35|| 2024-08-17 12:35|| Front Page Top

#9 👍. The house is now $250K over 30 years at 12%.

Posted by Super Hose 2024-08-17 13:17|| 2024-08-17 13:17|| Front Page Top

#10 The Franchise, or, Democrats Boating
Republicans couldn't help noting
Cortez's surmise
In the covetous eyes
Of each donkey conquistador "voting."

Posted by Pancho Poodle8452 2024-08-17 15:05|| 2024-08-17 15:05|| Front Page Top

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