Birdwatch Note Rating
2024-05-12 12:55:04 UTC - HELPFUL
Rated by Participant: 101B0AE8D121C6998564598B84F215450CCD095E5415E15F14110D684E6A9759
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Original Note:
Misleading - Biden’s plan would not give homebuyers a monthly payment of $400. Rather, it is an annual tax credit equal to $400/month. https://x.com/Acyn/status/1765935507542806579 The image shown claims this would lower housing prices. However, incentivizing demand will lead to higher housing prices. https://news.bloombergtax.com/tax-insights-and-commentary/biden-housing-tax-credit-targets-demand-but-supply-is-the-issue
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