• Rekorse@sh.itjust.works
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    20 hours ago

    25k is for first time home buyers, not everyone. You can’t have separate prices for first time buyers and the rest of the public, and a seller won’t know how you are financed until after the house is listed anyways.

    This absolutely will help, because if you’d just ask anyone trying to get a home, the down payment is the hardest part to satisfy.

    The only way a house cartel can form like this is for those that own the homes. The builders don’t own the homes, corporations do. Those corporations collude and price fix to create a cartel. Focus on that.

    • ECB@feddit.org
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      20 hours ago

      The UK had a similar scheme for first time buyers and it’s often cited by economists as one of the biggest things fueling their housing crisis.

      • Rekorse@sh.itjust.works
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        10 hours ago

        Its hard to take that at face value. The UK and the US have a lot of anti consumer perspectives.

        Do you have anything that describes the mechanism?

        Its sort of a similar arguement to food stamps raising food prices right?

        In either case its on the groups abusing a rule that are the problem, not the rule. There can be well worded regulations that minimize abuse, and we can also audit things.