The most striking proposals were for the elimination of medical debt for millions of Americans; the “first-ever” ban on price gouging for groceries and food; a cap on prescription drug costs; a $25,000 subsidy for first-time home buyers; and a child tax credit that would provide $6,000 per child to families for the first year of a baby’s life.
I’m still not understanding the part where everyone having an extra 25k for a house purchase doesn’t just increase the price of all houses by 25k. This is what happens when you increase the demand for something without increasing the supply.
Not everyone. Just first time buyers.
I’d basically a 25k incentive to join the housing game.
It may have a very mild effect on increasing housing prices, but historical that’s not something that has an impact.
Having dirt cheap rates, does do what you’re saying.