Trying to figure out how the PC’s “exciting” housing announcement will address the root cause of the housing crisis... (it won’t). Tim Houston’s plan to reduce the down payment not only doesn’t address the supply issue we’re facing, it actually risks driving up prices even more… because most of us know that increasing demand without increasing supply FUELS HIGHER PRICES.
And because they’re focusing on the wrong solutions, the PC program will increase housing prices for first-time buyers by increasing the cost of their homes over the course of their mortgage - up to $10,000 more.
#themathaintmathing
We have a housing plan that will actually make a difference – and it starts with building 80,000 more homes.