I pondered over this story from Newsweak....."Biden Wants to Give 500,000 Americans Money to Buy Homes."
No one says the amount of this deal....I can only assume that it'd be rigged to give you some down payment option....maybe $10,000.
Where would the funds come from? Well....new taxes.
What people would get the funds? Unknown.
Inventing money out of thin air? Yeah.
But here's the issue I see.....you go into California or Florida and discuss a purchase (not a rental) and you need a house deal in the $400,000 range, and that's not really a house that most would desire.
In Detroit? Well....you can view houses in the $50,000 range.
Trying to sell this in an election year? In the old days....it'd been great stuff. Today? No one believes the BS.
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