Kamala Harris’ $25,000 down payment plan for first-time homebuyers should remind people that we don’t want government to try to solve free-market problems. Because it can’t.
In 2021, the Biden-Harris administration passed the Infrastructure Investment and Jobs Act, which included $7.5 billion to build 500,000 public charging stations for electric vehicles across the country to boost clean energy.
And the functional charging stations have reached an eye-popping number of eight. Yes. Eight!
Now Kamala wants you to believe the government can help build 3 million affordable housing units over the next four years?
We don’t even know who will qualify for this $25,000 down payment assistance in terms of income levels. But certainly for those staring down the barrel of the median $425,000 home price in America, this sum of money is a far cry from getting them out of private mortgage insurance and getting into an affordable monthly mortgage payment.
Instead, we should be looking at the groundbreaking ideas germinating in the free market that may shed some light on how we can fix the affordable housing crisis in America.
Hellbound and Down 