Opinion: Plan to help first-time homebuyers could drive home prices even higher

Opinion: Plan to help first-time homebuyers could drive home prices even higher

Roger Pettingell Sarasota Real Estate

Re “Sen. Toni Atkins’ plan to help first-time homebuyers could pay dividends for generations” (July 8): Basic rule of economics: prices go up when demand exceeds supply. If you further increase demand, you further increase prices. Our local housing is no different. It’s expensive because demand exceeds supply.

What’s Toni Atkin’s “solution”? She wants to increase demand by loaning homebuyers money for their down payments. That obviously raises prices and does not help homebuyers as a group one bit.

But Atkins will get a photo shoot with some families she “helped,” while the other families on the edge who got priced out won’t be invited.

Please, please, please, we must require politicians pass at least one high school-level economics course.

Gary Kent

Pacific Beach

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