California To Provide 45% Of Funding To Buy A House
What could possibly go wrong?
The California Assembly & Senate unveiled a joint spending plan that proposes a program in which the state would pay for, and own, up to 45% of a home.
That would cut the purchase price nearly in half, allowing more families to buy homes & build wealth https://t.co/m4W2z1HNOV pic.twitter.com/KKetnkIV1o
— CalMatters (@CalMatters) June 2, 2021
This is all supposed to be part of their reparations commission, so, will this only apply to blacks? From the link
California kicked off a two-year study into how the state might compensate African Americans for slavery and its lingering effects on Tuesday, when a newly formed reparations committee met for the first time.
State lawmakers have zeroed in on homeownership as one of the main ways to close the wealth gap between Black and white Californians. On Tuesday, the Assembly and Senate unveiled a joint spending plan — which they’ll use to negotiate with Newsom ahead of the June 15 deadline to pass a budget — that proposes developing a program in which the state would pay for, and own, up to 45% of a home. That would cut the purchase price nearly in half, allowing more families to buy homes and build wealth, lawmakers say. Both Newsom and legislators also proposed setting aside $200 million to facilitate homeownership for first-time buyers and low-income Californians.
As so many have pointed out using Econ 101, this will cause the price of housing to skyrocket even more than it has in California. Will Government build more houses? Where are these homes coming from? Because it worked will with college, right?
Further, government will own 45% of the home. Which means they can dictate all manners of things for your house. And, come in whenever they like without a warrant because they are a part homeowner. Unless the California government puts stipulations in the contract to restrict themselves…yeah, LOL, like they’ll do that.
Where’s the money coming from to pay for this? Taxes will go up. Property taxes will skyrocket. This is insane.
Source: https://www.thepiratescove.us/2021/06/04/california-to-provide-45-of-funding-to-buy-a-house/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).