Birdwatch Note Rating
2024-05-13 20:38:08 UTC - HELPFUL
Rated by Participant: BF4D8038C8F4CADDD727E1141E03E8EE71101ECEAB78C0971E122FB398EBD185
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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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