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International Business Times UK
International Business Times UK
Callum Conway-Shaw

Elon Musk And Critics Say Kamala Harris' $25K Payment For First-time Homebuyers Is 'Perfect Formula For Inflation'

KEY POINTS

  • The Democratic presidential nominee says this would be provided to more than four million people over four years if she were to occupy the Oval Office.
  • In May, national home prices were up 48 per cent from four years earlier, according to Case-Schiller.
  • Today marks the fourth and final night of the Democratic National Convention, during which presidential nominee Harris is expected to speak.

Vice President Kamala Harris recently unveiled a comprehensive set of housing policy proposals, providing voters with a glimpse of what the U.S. housing market might look like under a Harris administration. Her plan, which marks her first major policy announcement since replacing President Joe Biden as the Democratic nominee for the 2024 presidential race, has sparked a significant debate among economists, political analysts, and industry experts.

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