We have an enormously complex system designed to help people buy homes, keep homes, live in their own homes…. Why not just replace all of them with a simple and more transparent system:
Pay $200,000 immediate govt cash to each and every homeowner. For people who own multiple homes, pay them multiples of the $200,000. For people who don’t think that’s enough, or that spend all the money, then re-visit the payment after a few years, and pay another $50,000, or whatever people want. This would boost the economy, encourage homeownership, and help the underprivileged and the victims of financial predators to live in comfort in a nice big home in a nice area. After 30 years of that, the home will have tripled in real price, and they can sell it and live in comfort in retirement, without the bother of having to save a lot.
