Birdwatch Note Rating
2024-05-12 16:54:19 UTC - HELPFUL
Rated by Participant: 738CB6D2ACB719FA92A2F3AE10C0410F626BA4E0B9E51D56697EFA0CAB9900C8
Participant Details
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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