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Kamala Harris just promised to do one thing that will make home ownership impossibly unaffordable

Kamala Harris just promised to do one thing that will make home ownership impossibly unaffordable


This article was originally published on Conservative Underground - Politics. You can read the original article HERE

Photo by U.S. Embassy Ghana via Flickr, Public domain

President Joe Biden has made virtually everything unaffordable for working-class Americans, especially the ability to put a roof over their heads. 

Kamala Harris is determined to make things even worse.

Because now the border czar is promising to do one thing that will make owning a home impossibly unaffordable. 

The mask is coming off Kamala Harris

Now that ruling-class Democrats have anointed Vice President Kamala Harris as their do-over candidate, the Border Czar is campaigning on all the great things she’ll do if elected.

She says she’ll fix the border crisis, bring down crime, and create a booming economy. 

There’s just one small problem.

She’s been Vice President for over three and a half years – and will be until January – and in each of those areas, things are worse now than before the Biden-Harris regime took over. 

Because of that, voters are asking: If Kamala has had nearly four years to work on the problems and they’ve only worsened, what would a Harris-Walz regime do differently?

Now that Kamala’s honeymoon period appears to be potentially coming to a close, she has to answer those types of questions if she wants to win the election. 

She’s slowly unveiling what she calls her economic plan. 

First, she stole Trump’s No Tax on Tips plan – even though she cast the tie-breaking vote to hire tens of thousands of new IRS agents to hunt down working-class Americans who aren’t paying taxes on any tips they receive.

Then she said she would combat the inflation that the Biden-Harris regime caused by instituting the very same price controls on goods and services as Communist China, the Soviet Union, and other left-wing authoritarian regimes.

And her latest Kamalanomics proposal may hurt working-class Americans even more. 

Kamala wants you to buy homes for people who can’t afford to buy a home

American families are facing a cost of living crisis. 

Runaway inflation plus stagnant wages equals unaffordable groceries, energy, and transportation. 

And worst of all has been skyrocketing housing prices.

Rent costs are sending hard-working Americans back to their parents’ basements. 

Meanwhile, the unrealistic housing market is pricing families out of home ownership. 

But Vice President Kamala Harris believes she can solve this problem by giving low-income residents $25,000 or more to use as a downpayment for a house they can’t afford. 

“Harris will propose providing up to $25,000 in down payment support for first time homeowners, with more generous support for first generation homeowners, according to campaign official,” ABC News senior White House correspondent Selina Wang reported. “She’ll announce tomorrow in North Carolina, along with her plan to ban corporate price-gouging on groceries.” 

According to Wang, Kamala’s government would give $25,000 in your tax dollars to working families who “have paid their rent on time for two years and are buying their first home.” 

Kamala’s plan would increase housing costs

While it may seem counter-intuitive, this leftist program is a nightmare scenario for Americans who are hoping to buy their first house. 

First of all, these $25,000 subsidies – along with another $40 billion Wang reported Kamala’s proposal would spend for governments to study the affordability crisis – would increase already out-of-control government spending that has created runaway inflation. 

Second, part of the reason housing costs have ballooned to unsustainable levels is that there is more demand for homes than there are homes for people to live in. 

Artificially adding more buyers into the market – in particular buyers who aren’t ready to be in the market without government assistance – will make the supply and demand problem even worse. 

As Americans have seen with the cost of higher education, as the government has subsidized payments through scholarships and student loans, this supposed “free money” will undoubtedly cause housing costs to rise even more than the subsidy.

And the Democrat Party’s second nominee for President of the United States proposal completely ignores recent lessons in the housing market that should have been learned. 

The housing market crash of 2008 happened largely because the ruling class and their allies in Big Banking were pushing people to buy homes they couldn’t afford. 

That led to a bubble burst that sent the market to its knees. 

Now, the Harris-Walz ticket is pushing for the same idea, with the added negative element of your tax dollars funding it.

This article was originally published by Conservative Underground - Politics. We only curate news from sources that align with the core values of our intended conservative audience. If you like the news you read here we encourage you to utilize the original sources for even more great news and opinions you can trust!

Read Original Article HERE



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