Quote:
Originally Posted by Ace
I wonder how many "first time homebuyers" are purchasing close to a $ million. That's got to be a pretty small population. I always found "first time" homebuyer restrictions weird. Just 'cause someone bought a cheap condo 20 years ago, why shouldn't they be able to use the (first time) homebuyers benefit when upgrading.
|
Because it’s to incentivize and better enable people to enter the housing market and create more homeowners, which means more people are gaining equity that weren’t before.
The person who bought a condo 20 years ago already has a sizeable advantage and benefits beyond someone who has never owned a home.