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Kamala’s $25K Homebuyers Tax Credit Will Backfire

less than 1m read
·Nov 7, 2024

Kevin, look, I feel deeply for Jenzy. I can't imagine being a first-time home buyer and you're staring down, you know, million-dollar homes with huge interest rates. I mean, is that the plan that will work?

I got two Gen Z in my family right now, and they looked at that and said, "Wait a second. If you give everybody free money, you're just going to cause inflation." If everybody in the street has $25,000 extra dollars, there's only one home for sale. The seller is going to get the $25,000 by raising the price $25,000.

I've been very vocal about this policy. I'm in the real estate business; that's a really bad idea, an immensely bad idea, an incredibly bad idea. And I think somebody should talk about that one.

I'd like to interview her on that idea. I'll do the interview; I want it live. I want to do that interview 'cause I know real estate, I know state policy, I know regulation. Please let me do that interview. I would watch that interview, and I would watch it again and again.

Kevin O interviewing KLA Harris, let's make it happen!

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