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

submitted 2 weeks ago by zabadoh@ani.social to c/california@piefed.social

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[–] blarghly@lemmy.world 2 points 2 weeks 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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