Taxpayer funded down payment, first time home buyer tax credit, loans guaranteed by taxpayers (FHA)…. All of those programs raise housing costs.
Let’s say you’re working on saving 20% to get a good rate on a 350K house.
Instead you get taxpayer 70K, a tax credit and an FHA loan to get the house for only 10%… the seller raises the home price above market value, buyer doesn’t care because it’s free money (10%, FHA they can purchase that house for as much as 700K now) and they keep their own money.
This artificially inflates that property and neighborhood property values which continues to price middle class home buyers out of the market and creates PROPERTY TAX INCREASE for all!!
Then more people can’t afford to buy homes, they increase the subsidy, property values continue to artificially rise, property taxes keep increasing— soon after people lose homes because they can’t afford the tax bill then 💥 goes the dynamite!
Don’t get me started on college tuition.
@MarkWarner@SenWarren Trump is threatening independent intelligence communities!
It’s funny how we can say the exact same thing but you’re saying it like your hair is on fire and I say it with a siigh of relief. What a world.
Jelly Butt Pritzker hands out hundreds of millions in tax credits and $125 million of taxpayer dollars to a commie battery manufacturer from China but they can’t guarantee a property tax break for the Pride and Joy of Illinois?
Commercial property taxes in Illinois are insane! The Bears have every right to be hesitant to build without certainty and seeing the government gives tax dollars to CCP linked companies one would think the Bears could get similar treatment.
For a Chinese company with ties to the CCP—
“In total, the state and local governments offered Gotion more than $536 million in incentives and tax breaks, according to Pritzker’s office.
The company is the fifth to make a deal with the state under the two-year-old Reimagining Energy and Vehicles, or REV, program. Under the deal finalized on Thursday, the state will provide $213 million in tax credits to the company over the next 30 years – nearly nine times more than the previous four deals combined. Gotion’s agreement is contingent on a minimum investment of $1.9 billion among other stipulations.
Gotion is also set to receive $125 million for capital funds from a $400 million pot of money overseen by Pritzker’s office that is sometimes referred to as a “closing fund.”
@ShawnRyan762 Shawn needs to have @sjkokinda on his show from @PrometheanActn … if what she and her group have been uncovering over the last 40 years is even half true, every narrative about every conflict the US has been involved in prior to the second Trump admin is way off.
@harryjsisson There’s no such thing as an unbalanced budget. No matter how much the government spends it’s a tax and will be paid either immediately or later by the tax payer.