Fernando
Elite Member
- Joined
- Nov 7, 2016
- Professional Status
- Certified Residential Appraiser
- State
- California
In town style meeting today, Biden said he wants to give a $15,000 tax credit for first time home buyer (first time I heard about it).
That's nice but won't really help here when most homes are over $1,000,000.
Also, there's low inventory and so it won't help buyers.
I'm working on some purchases and read first time buyers "pleading" with heart warming letter with their offer.
I'm very sentimental for young families starting out (been there and it's hard) and I don't see tax credit in helping more young people in buying a home.
Increase the supply of homes for sale or educate them to high paying jobs are better solutions.
That's nice but won't really help here when most homes are over $1,000,000.
Also, there's low inventory and so it won't help buyers.
I'm working on some purchases and read first time buyers "pleading" with heart warming letter with their offer.
I'm very sentimental for young families starting out (been there and it's hard) and I don't see tax credit in helping more young people in buying a home.
Increase the supply of homes for sale or educate them to high paying jobs are better solutions.