|
Idea to send: |
| Topic | buying 1st home |
| Content | In order to keep people in Oklahoma and proud home owners - there must first be a way to make the dream of home ownership possible. Too many foreclosure are occuring around the country and not enough people remain at their current address.
My idea is to create a something similar to a 529 college fund. This new fund would allow people to save tax free to purchase their first home. If people would donate to this "new homeowner fund" pre-taxed - it would allow them to have a larger down payment on their dream house. Also, if Oklahoma did this exclusively from other states and led the way - many more young families and new residents could buy property in Oklahoma. There is nothing that makes you prouder than when you can have a home debt free. This would also generate a tax base for the state in sales, property, and many other tax revenue sources. |
|