ArnoldCountry

The Right Way to Encourage Home Ownership

This basic principle is sound. I am a believer in tax credits to get this economy moving. Maybe including a principal wherein the government lends you 20k as a down payment with no interest and then you pay it back with tax credits over several years that the treasury allocates the tax credit against the loan each year until paid. This promotes home ownership to those who cannot afford the down and maximizes the advantages of the tax credit.