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Open original source ↗Downpayment assistance, of any kind, just gives home sellers room to raise prices and creates more housing inflation.
The fix is more supply: get rid of restrictions (zoning laws, building regulations, land-use rules) that hold back construction.
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Kevin Hassett tells Fox Business: “We’re going to allow people to take money out of their 401(k)s and use that for a down payment… The president will put the final plan out in Davos next week.”
annmarie ↗