this post was submitted on 28 Dec 2023
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[โ€“] BedSharkPal 7 points 1 year ago (1 children)

First Home Savings Account: First-time homebuyers have a new ally โ€“ the First Home Savings Account. It allows tax-deductible contributions up to $88,000 in 2024, paving the way for a more manageable down payment.

Should be $8,000.

[โ€“] bravemonkey 8 points 1 year ago (1 children)

8000 is useless near the end of 'trying to get a mortgage', hopefully the tiny amount helps someone

[โ€“] BedSharkPal 2 points 1 year ago (1 children)

Not to mention it's just increasing demand more. How exactly does that help anyone?

[โ€“] nik282000 3 points 1 year ago

For the past 30 years "Show Your Work" has counted more than getting the right answer in school. Now in business and politics it's more important to look like you are doing something right now than it is to do the correct thing at a later date.