Kamala Harris has a new advertising push to draw attention to her plan to build 3 million new homes over four years, a move designed to contain inflationary pressures that also draws a sharp contrast to Republican Donald Trump’s approach.
Harris, the Democratic nominee for president, highlights her plan in a new minute-long ad that uses her personal experience, growing up in rental housing while her mother had saved for a decade before she could buy a home. The ad targets voters in the swing states including Arizona and Nevada. Campaign surrogates are also holding 20 events this week focused on housing issues.
In addition to increasing home construction, Harris is proposing the government provide as much as $25,000 in assistance to first-time buyers. That message carries weight at this moment as housing costs have kept upward pressure on the consumer price index. Shelter costs are up 5.1% over the past 12 months, compared to overall inflation being 2.9%, according to the Bureau of Labor Statistics.
“Vice President Harris knows we need to do more to address our housing crisis, that’s why she has a plan to end the housing shortage” and will crack down on “corporate landlords and Wall Street banks hiking up rents and housing costs,” said Dan Kanninen, the campaign’s battleground states director.
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I’m sure you feel like you’re correct with your armchair analysis. But that’s just your feelings behind the matter, which we all can throw in the trash.
This would reduce the price of homes. Hell… even just announcing this plan might have an impact. I know I would be sweating if I were an investment organization that’s been buying up houses.
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Get the fuck outta here with your “fuck you I got mine” mentality
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Your claim that homeowners will vote against Kamala because they don’t want new homes to be built is very FYIGM
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So we should continue to hold 44 million renters and half a million homeless hostage to prevent some people’s investment vehicles from losing value? Womp.
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It’s only a disaster if your home is an investment vehicle, which housing really shouldn’t be.
I’m a current homeowner and the idea of 3 million more new homes makes me very excited! This plus the credit for first time buyers is definitely what we need. Bolstering the middle class helps everyone.
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Treating a home as an investment vehicle is a big part of the problem. It’s a place to live, not a market dice roll.
I have a 30 year mortgage. I would be happy to lose value in my home if it helps other people get their own. It’s not even a close contest.
So you’re saying that supply will not change cost?
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The government uses incentive for builders and land owners to build certain types of projects. For instance, there are incentives for them to build low cost senior housing at fixed end cost. This is no different.
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Actually the government does this several ways. In order to qualify for incentives, the cost and make up of the structure is set. You dont want to provide incentives for someone to build McMansions. They can also outline where these structures are built. 3 million single family units hit the market and prices will go down.
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Are you sure? Real Estate and builders have a lot of lobbying money to keep their assets at high value.
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just like the factories that get tax breaks because they hire people does not translate to people making living wages