Down Payment Assistance

Kevin Hassett has an interesting article in Tech Central Station today about the incentives and unintended consequences behind a government program designed to increase home ownership among low-income families.

One thought on “Down Payment Assistance

  1. In this article they show that DAPs and increasing housing values are coincide, however they never really get to causality. Buyers who need DAPs are usually buying lower priced housing, which lately has increased in value faster than higher priced housing. Is the larger percentage increase in value due to “gentrification” or is it just that these areas started from a lower price point?

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