What is the Tax-Free First Home Savings Account? A detailed guide - Money We Have
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Do you want to know what is the first home savings account? It's meant to make housing more affordable, but will it really?
  • corsicanguppy
    4·
    2 years ago

    It’s an American solution to a non-american problem.

    “Housing too expensive, like American healthcare? We’ll set you up with a one-time tax-free savings account like an American HSA, and then we don’t have to fix the problem that gets worse and worse year over year because it’s now a bootstraps problem and it’s all your problem, Skippy. Now step back so I can launch my yacht and get out to my bigger yacht.”

    • AbackDeckWARLORD@sh.itjust.works
      1·
      2 years ago

      It doesn’t even address the problem, which is demand being greater than supply. It actually contributes to the problem even more by driving up demand.

      • corsicanguppy
        11·
        2 years ago

        That’s a very excellent point I didn’t even consider. So

        • suitbag banker sells more loans,
        • suitbag realtor squeezes more on the purchase,
        • newbs get blame and nothing else, and
        • the system has even More demand injected into it.

        It seems the only winners here are the suits. Again.