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.
Unfortunately, this proposal is not going to change anything. The market will raise its prices and more money will be siphoned away.
What’s missing in the current housing market is regulations to strictly ensure only humans—not private equity firms—can purchase homes. And if you own more than one home, your property taxes increase for each extra home you own.
I really hate how what you’re saying is so goddamn common sense and yet people will drag their heels supporting it, partially because some selfishly think they may be an oppressor one day…
Each day gets harder than the last, I swear.
Each generation since the Baby Boomers has had a worse life, mostly as a direct result of Baby Boomers.