• blahsay@lemmy.world
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    8 months ago

    We tried this in Oz. House prices immediately go up 5k.

    Government effectively funding the housing bubble.

    • unconfirmedsourcesDOTgov@lemmy.sdf.org
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      8 months ago

      I suspect that the goal with this program is to advantage first time home buyers over their competitors, such as REITs and hedge funds that have been indiscriminately buying up housing across the country. Obviously the devil is in the details but there’s a way to implement this that makes sense and isn’t insane, but we’ll have to wait until the bill passes to see if that’s the path we take.