Kevin OLeary | Kamala’s $25K Homebuyers Tax Credit Will Backfire @kevinoleary | Uploaded September 2024 | Updated October 2024, 10 hours ago.
Kamala Harris proposing a $25,000 tax credit for first-time homebuyers, claiming it’ll help make the American dream more accessible. Here’s the problem... If everyone suddenly has an extra $25K to throw around, what do you think happens? Prices go up by exactly that amount.
It’s basic economics. I’ve got two Gen Z kids of my own, and they’re facing this market. Even they know that just handing out money like this will only fuel inflation and make homes even more expensive. As someone deeply involved in real estate, I’m telling you, this is a disaster waiting to happen.
Kamala Harris proposing a $25,000 tax credit for first-time homebuyers, claiming it’ll help make the American dream more accessible. Here’s the problem... If everyone suddenly has an extra $25K to throw around, what do you think happens? Prices go up by exactly that amount.
It’s basic economics. I’ve got two Gen Z kids of my own, and they’re facing this market. Even they know that just handing out money like this will only fuel inflation and make homes even more expensive. As someone deeply involved in real estate, I’m telling you, this is a disaster waiting to happen.
