this post was submitted on 05 Oct 2024
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It's more pointless than bad, I would think.
Nah, using tax dollars to increase property values in a housing crisis is counterproductive as fuck. It increases rents for everyone else as well. Better off attacking it from the supply side with a massive subsidized housing effort and just tanking the market. But that's politically toxic.
Federal housing policy has always been about inflating housing asset values. The Harris "plan" is just more of the same. Anyone who thinks either party actually wants to lower housing prices is delusional.
The problem is that almost everyone would be better off if the housing market tanked. Except donors.