Birdwatch Note Rating
2024-05-12 10:06:52 UTC - HELPFUL
Rated by Participant: 7E489506542C2ABE5AC20C6AADAB7D6BC1F90CF130B2B53F787915F9D3587CA5
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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