U.S. home prices have risen 50% in the last five years and rents have risen 35%, according to real estate firm Zillow.
“I keep hearing about the suburban woman doesn’t like Trump,” he said at a campaign event in Howell, Michigan last week. “I keep the suburbs safe. I stopped low-income towers from rising right alongside of their house, and I’m keeping the illegal aliens away from the suburbs.”
At an Aug. 16 campaign stop in North Carolina, Harris called for building 3 million more housing units in four years, on top of the 1 million or so built annually by the private sector, through a new tax credit for developers who build homes aimed at first-time homebuyers and a $25,000 tax credit for those buyers.
- Trump’s remarks are reminiscent of how red lining was pushed. Same language. John Oliver did a great piece on it.
https://m.youtube.com/watch?v=_-0J49_9lwc
- Harris’s plan is estimated to cost tax payers a lot long term. However, that is what investments in our future will look like.
The Committee for a Responsible Federal Budget, a nonpartisan watchdog group, estimates those policies would cost at least $200 billion over 10 years.
These tax credits need to be conditional on zoning reform in the neighborhood or we’re not going to fix anything.
Agreed. We allow industrial building to infest residential areas ( usually minority areas ), we need to fix the laws. That includes local because they hold a lot of power. Incentives local governments to stop redlining and remove old racist laws on the books.
I wish we had laws that would benefit the buys like the veteran loan programs have ( buying lower API points, refinancing for free or greatly reduced, more secure loaners ). More taxes on quick flips, short term rentals, and multiple houses owned by single investor(s). Stop people from looking at houses as an investment but as a universal necessity.
No, like 90% of the problem with zoning is restricting residential density to single-family houses only.
As for the industrial building vs. minority neighborhoods issue you’re talking about, industry has hardly been encroaching anything in decades. It’s really more the opposite: the need to remediate polluted former industrial sites (especially before new housing is built on top of them), as well as holding what relatively little industry actually still remains more accountable for the pollution it emits. That’s not even really a zoning problem so much as it is an environmental regulation problem.
Dig a little deeper. See why we have single family house restrictions.
Also look into how the supreme court ruled that we are not entitled to clean anything with companies. Zoning also deals with run off, air, noise, and light pollution.