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.
Agree. We have politicians ballooning the market and most are share holders, landlords, or developers. We also need to reevaluate school funding using property taxes. Different beast but still attached at the hip.