(09-11-2024 08:35 AM)Marc Mensa Wrote: (09-11-2024 08:12 AM)WalkThePlank Wrote: (09-11-2024 08:11 AM)Marc Mensa Wrote: Trump offered nothing… no plans, no specifics, nothing but lies & grievance.
His response on his “healthcare” plan was completely representative of his entire performance. If there are people who were truly undecided going into last night’s debate, then he certainly helped make their decision for them.
So what did Harris offer?
Did she crystallize her policy plans? No.
Did she have planned talking points ahead of time that deviated from the question? Yes.
She spoke on new housing initiatives for 1st time home buyers, small business tax credits of 50k, a tax credit for families of 6k…
She was prepared. He was a rambling wreck. Trump didn’t cost himself with his base, as Biden did in June, but he certainly didn’t help himself with undecideds either. Harris, on the other hand, clearly did.
Quote:The Child Tax Credit and the Budget
The CTC is among the largest tax expenditures — in 2023 it was the fourth most expensive tax expenditure and cost $122 billion,
That's with the credit at $2,000 so at $6,000 it bring the cost of that to....
1/3 of a trillion dollars a year. Most families with children pay a tax rate of 3 to 6%. With the $6,000 their tax rate will fall to 0 or -0.
So explain to me why people in their 50s and working Sr's, along with those who do not have children should pay for this give away? I'm talking college student and those that's just starting out because the average age for having a child in America is now around 30 years old. You think it's a good ideal to give a parent $108,000 over 18 years just because they had a child? You do know there is no limit to the number of children? Five children would be $540,000 of welfare for that parent.
While you are doing that dive into the $25k for first time home buyers and tell me why I should pay to give you 25k to help you buy a home? When you do that go ahead and tell us what that's going to do for the housing market? Oh, hell I'll tell you....
its going to do the very same thing that took place in late 2021 till six months ago. It's going to drive supply way lower than demand and prices will start shooting up, and up and up, till that 25K is a negative by the time you buy the home.
In my area price cuts have been taken place steadily for about 6 months. Now I live in a city of 60k so that might be different in a major city. But my guess and I track these things (close but not totally) so its not really a guess. At least 75% of all homes listed had price cuts of 2 to more before selling. I'm talking total of about 20 to 25%
Sorry but that's not helping to drive prices down...
Since 2010 we bought 101 homes and some we sold for 3x the amount paid but I'm going to limit the below to Trump and Biden as president
between 2016 and 2020 we bought 32 homes and between 2022 and 2024 we sold 28 of those homes for a 85% to 140% increase in price. And very few updates on them. I'm talking homes we bought in the 75k to 130K range for rentals. Major city you talking 170k to 290k for these homes....2 & 3 BR 1000 to 1400 sq ft
The only thing giving people 25k will do is cost them more money when prices start shooting back up. Guess what that's also going to do....
PROPERTY TAX is also going up for everyone