Congress plan for housing market could save people thousands

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A bill aims to remove obstacles first-time homebuyers struggle to overcome. But is it the right course to help Americans achieve the dream of homeownership?

that aims to help teachers, firefighters and law enforcement officers become first-time homeowners by removing the need for a down payment and save prospective buyers thousands of dollars is misguided, a think tank claimed on Monday.

But critics of the bill say that the legislation was focused on the wrong challenge facing the housing market.have misdiagnosed the underlying problem: Access to financing is not the issue plaguing prospective teachers, law enforcement, and other first responders—it is the lack of housing supply," argued Tobias Peter, senior fellow and the co-director of the American Enterprise Institute's Housing Center."The HELPER Act thus treats the symptom, not the disease.

 

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