Source: Fox News
by Ted Jenkin
“Kamala Harris’[s] $25,000 down payment plan for first-time homebuyers should remind people that we don’t want government to try to solve free-market problems. Because it can’t. In 2021, the Biden-Harris administration passed the Infrastructure Investment and Jobs Act, which included $7.5 billion to build 500,000 public charging stations for electric vehicles across the country to boost clean energy. And the functional charging stations have reached an eye-popping number of eight. Yes. Eight! Now Kamala wants you to believe the government can help build 3 million affordable housing units over the next four years? We don’t even know who will qualify for this $25,000 down payment assistance in terms of income levels. But certainly for those staring down the barrel of the median $425,000 home price in America, this sum of money is a far cry from getting them out of private mortgage insurance and getting into an affordable monthly mortgage payment.” (09/19/24)