Kamala Harris proposes $100 billion plan for black homeownership (racist, Obama, military)
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Kamala Harris proposes $100 billion plan for black homeownership
Politics
Kamala Harris proposes $100 billion plan for black homeownership
Politico By David Siders,Politico 4 hours ago
Harris said her program would “put homeownership within the reach” of millions of families.
Kamala Harris, calling on the nation to “deal with the racial wealth gap,” on Saturday proposed a $100 billion federal program to help black people buy homes.
The California senator said the plan, which would provide down payment and closing cost assistance of up to $25,000 to people renting or living in historically red-lined communities, would help some 4 million home-buyers....
What if they have bad credit? What if they just s*ck at personal finances?
In the 1970's, a church group imported a black family into Concord, MA. The group paid the down payment on the house. The black family just had to keep up with the monthly payments. A few years in, the family had to leave the house due to missed mortgage payments. I also believe that they weren't happy living in white majority suburb and missed their friends and culture.
In the Boston area, real estate is extremely expensive. So even with this proposed program, I don't think that black home ownership would be much increased.
How typical of this group of Democratic presidential candidates, that she would try to buy black votes with this program. These Democrats keep trying to buy votes by offering government freebies.
And as a homeowner, I can tell you that owning a home (or condo) takes a lot of continued effort and work that most people don't want to deal with. Mortgage payments, property taxes, home repairs and maintenances.... things that people who have been lifelong renters, Section 8 or housing project residents don't want to or don't know how to deal with.
It will be the whole subprime mortgage crisis all over. Plus add to that unscrupulous people selling substandard quality houses to these black buyers trying to find housing within their budget range.
Kamala Harris proposes $100 billion plan for black homeownership
Politics
Kamala Harris proposes $100 billion plan for black homeownership
Politico By David Siders,Politico 4 hours ago
Harris said her program would “put homeownership within the reach” of millions of families.
Kamala Harris, calling on the nation to “deal with the racial wealth gap,” on Saturday proposed a $100 billion federal program to help black people buy homes.
The California senator said the plan, which would provide down payment and closing cost assistance of up to $25,000 to people renting or living in historically red-lined communities, would help some 4 million home-buyers....
What about other minority groups? She's digging a deeper and deeper hole..
What if they have bad credit? What if they just s*ck at personal finances?
In the 1970's, a church group imported a black family into Concord, MA. The group paid the down payment on the house. The black family just had to keep up with the monthly payments. A few years in, the family had to leave the house due to missed mortgage payments. I also believe that they weren't happy living in white majority suburb and missed their friends and culture.
In the Boston area, real estate is extremely expensive. So even with this proposed program, I don't think that black home ownership would be much increased.
How typical of this group of Democratic presidential candidates, that she would try to buy black votes with this program. These Democrats keep trying to buy votes by offering government freebies.
And as a homeowner, I can tell you that owning a home (or condo) takes a lot of continued effort and work that most people don't want to deal with. Mortgage payments, property taxes, home repairs and maintenances.... things that people who have been lifelong renters, Section 8 or housing project residents don't want to or don't know how to deal with.
It will be the whole subprime mortgage crisis all over. Plus add to that unscrupulous people selling substandard quality houses to these black buyers trying to find housing within their budget range.
Then no bank will approve them for a loan.
Kamala's plan is to give people down payment assistance, not an entire mortgage.
So. What is her definition of "black people". What color black do they have to be? Will they have to take DNA tests? 50% black? 25% black? 1/32 black? Do Obama's kids get to have a loan to help with their racial gap too?
But Harris is not stopping at homeownership. She also said that she will soon unveil a plan to help black entrepreneurs and business owners. “We cannot bridge the racial wealth gap just by addressing historical inequities, although we must do that, we also have to write the next chapter… In the coming weeks I’ll announce new investments to support black entrepreneurs and business owners by increasing access to credit and capital,” she said.
And not a word from Horizontal Harris about how to pay for any of it.
I have a plan too: get a job, save up for a down payment, establish good credit, and pay the mortgage on time for 30 years.
That's racist!
How dare you ask people to be responsible for themselves!
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