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Program on California ballot could cut home down payments to 3%. What’s the catch? (www.sfchronicle.com)
submitted 2 months ago by to c/california@piefed.social
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[–] 3 points 2 months ago (2 children)

The catch will likely be higher total prices.

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  • [–] 1 point 2 months ago (1 child)

    In today's news... Borrowing more money means paying back more money, and now Joe with the weather

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  • [–] 2 points 2 months ago

    Also, decreasing the required downpayment increases the number of people who can make that downpayment, which increases competitive pressures for a limited number of homes, which....

    say it with me

    raises the prices of homes.

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