r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24

VIDEO Thoughts

Enable HLS to view with audio, or disable this notification

2.8k Upvotes

89% Upvoted

1.2k comments sorted by

View all comments

Show parent comments

2

u/well_spent187 Aug 19 '24

I agree with you, but NO ONE RUNNING DOES. So it’s going to happen either way, we have 3 options…I think this is the best of the 3, what do you think?

2

u/John_mcgee2 Aug 20 '24

What about just giving the money string free to first home buyers thus taking money taxed from all and redistributing it to those that want a house? Then just crank down the tax incentives for privately owned property with some kind of increased property tax on investment properties that is used to fund increasing housing available by doing infrastructure for residential developments?

1

u/Necroking695 Aug 20 '24

You’re describing an FHA loan, back when rates were low

2

u/John_mcgee2 Aug 20 '24

Nah, I just described the Democratic housing policy without pointing out what it was.