The state of California now gets into the home buying business.
"California to front 20% down payments with 0% interest for homebuyers with incomes up to $211,000"
Discussion
It never stops
Must have 5th booster shot and electric stove to qualify for program.
Is this what communism looks like annov2023?
That’s gonna end well, and not inflate the prices at all…
The solution to a problem caused by government is another government program. Never repeal.
As a home inspector, I approve 👌 🤣
A lot of inflation needed / secured ... They are desperate to keep the Ponzi going.
Lead foot on the accelerator
This is good for real estate.
did they test it in a small location for a few years first?
The financial magic continues 🤹
we are all getting homes in california🙌
Why not just skip to the part where the state is the landlord
Anything to keep the bubble alive!
And people say bitcoin is a ponzi! I swear, 95% of what Normies say is respouted talking points with no original thought.
This smells like the Blackrock plan but run by the state.
If there’s a difference.
“When you sell the property or refinance the loan, they take up to 20% of the appreciation. The homeowner gets to keep 80%”
It’ll definitely have an impact, but not as much as some may think. I think it’s a ploy to keep houses in actual Californians hands and not investors and foreign speculators.
It’s a different way of approaching that issue.
Wow,just when you thought they couldn’t screw things up more.
looks like its already too late for most to even get it. tomorrow is the deadline for lenders to have the loans booked. approximately 2300 people may participate
Ugh. People will borrow more than they can afford, future foreclosures on the way again.
Another subsidy for kicking the can down the road and increase asset prices for those who already have the most
"Please let us bribe you to live in our state."
"Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home. "
Now we’ll subsidize the s*** out of everything we destroyed! Seems viable! 
Absolutely ridiculous
Preston do you listen to the Grant Williams podcast regularly?
So they can seize the homes in a few years