Thank you for your explanation of this drafted piece of legislation. I think this proposed legislation if brought into law is one, discriminatory, and two, not going to solve the unaffordability problem. First of all, as someone who feels completely screwed in this current housing market as a first time home buyer in California, this program appears to only be accessible to people whose parents have never owned a home. Why would I want my tax dollars to go to a marginalized group of people if I'm also facing the same issue? I am a first-time homebuyer, but don't come from a rich family, however my parents and grandparents have all owned homes...but that's not my fault. I don't understand the rationale for "who would qualify." Secondly, while it is hard to save money for a down payment (especially with this rampant inflation), $20,000 does not really make a dent in the overall cost of a house purchase price. For example, the average price of a house in my area is over $500k. That means I need $100k for a 20% down payment. I would be happy to have a 10% down payment saved by end of 2024. 🤞 The only thing that would make it reasonably affordable for people in my same boat would be for either the prices of houses to come back down to pre-pandemic levels, or interest rates to become low enough for us to afford a higher mortgage amount. This market is not going to be able to sustain itself forever, but it's definitely the biggest pain point for my millennial generation (for those of us who have missed the chance to buy when prices were within reach). Keeping tabs on current events to make sure I'm informed. 😊
Totally agree = NOT going to solve affordability. The market is squeezing a ton of folks out there; you unfortunately are not alone. Thank you for tuning in! If you ever want to engage regarding a Cali mortgage its one of the 40+ states we have a license in 😇👍
It’s not discriminatory! You can still get a first time homebuyer grant. There are literally millions of grants out here for specific things and qualifications
Thank you for your explanation of this drafted piece of legislation. I think this proposed legislation if brought into law is one, discriminatory, and two, not going to solve the unaffordability problem. First of all, as someone who feels completely screwed in this current housing market as a first time home buyer in California, this program appears to only be accessible to people whose parents have never owned a home. Why would I want my tax dollars to go to a marginalized group of people if I'm also facing the same issue? I am a first-time homebuyer, but don't come from a rich family, however my parents and grandparents have all owned homes...but that's not my fault. I don't understand the rationale for "who would qualify." Secondly, while it is hard to save money for a down payment (especially with this rampant inflation), $20,000 does not really make a dent in the overall cost of a house purchase price. For example, the average price of a house in my area is over $500k. That means I need $100k for a 20% down payment. I would be happy to have a 10% down payment saved by end of 2024. 🤞 The only thing that would make it reasonably affordable for people in my same boat would be for either the prices of houses to come back down to pre-pandemic levels, or interest rates to become low enough for us to afford a higher mortgage amount.
This market is not going to be able to sustain itself forever, but it's definitely the biggest pain point for my millennial generation (for those of us who have missed the chance to buy when prices were within reach). Keeping tabs on current events to make sure I'm informed. 😊
Totally agree = NOT going to solve affordability. The market is squeezing a ton of folks out there; you unfortunately are not alone. Thank you for tuning in!
If you ever want to engage regarding a Cali mortgage its one of the 40+ states we have a license in 😇👍
It’s not discriminatory! You can still get a first time homebuyer grant. There are literally millions of grants out here for specific things and qualifications
Do you think this should go into law?
Bro, why do this video if this hasn’t happened? SMH 🤦♂️