this post was submitted on 17 Aug 2026

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Program on California ballot could cut home down payments to 3%. What’s the catch? (www.sfchronicle.com)

submitted 1 day ago by zabadoh@ani.social to c/california@piefed.social

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[–] meat@lemmy.blahaj.zone 2 points 1 day ago (1 children)

The catch will likely be higher total prices.

[–] terranoid@lemmy.cafe 1 points 1 day ago (1 children)

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

[–] blarghly@lemmy.world 2 points 1 day 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.