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.
Let’s ban corporations from owning residential property. It makes zero sense.
3 million homes
Not happening. She’s trying to win the votes by implying she can reduce prices of homes, but she knows this won’t happen. She lies into your faces
So you’re saying that supply will not change cost?
No, I’m saying there will be no more supply than it is now. She ain’t building these homes
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.
Government incentives don’t decrease price of anything. If you want to buy a car with price tag of 100k and your good friend pays 30k for you so you pay just 70k, that doesn’t make car any cheaper. It still costs 100k.
Same with housing.
just like the factories that get tax breaks because they hire people does not translate to people making living wages
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.
I know I would be sweating if I were an investment organization that’s been buying up houses.
It’s the exact reason why she’s going to fail. This is a metric ton of current homeowners votes to be lost, and another metric ton of political enemies to be made.
Get the fuck outta here with your “fuck you I got mine” mentality
Get the fuck outta here with your “fuck you I got mine” mentality
Where did you get that from?
Your claim that homeowners will vote against Kamala because they don’t want new homes to be built is very FYIGM
It’s not that they don’t want new homes, but that falling prices would impact them negatively. This is more nuanced. For everyone who has mortgage, falling price of their home can be a diesaster
It’s only a disaster if your home is an investment vehicle, which housing really shouldn’t be.
So 3 million more abandoned homes. Got it. Can’t wait.
increasing stock does not mean prices will magically go down and cool the inflation
living wages, pushing for fixed mortgage rates, pushing for nondiscriminatory banking policies nationwide, increasing the education budget are things that do that
increasing the number of overpriced houses instead of fighting for the people to have living wages is not helping
and all these homes would require the roads to be torn up and repiped
where is that budget? is places like Flint going to finally get the nonlead pipes?
logistics were not expanded on in the article
what about the already over stressed water table here in the US?
impact studies seem to be a thing of the past when it comes to new construction
even the article linked in the article mentions nothing about anything that would actually go towards solving the issues at hand
and in this statement
In her speech, Harris offered stark contrasts with Trump’s economic proposals, including his call for steep tariffs on foreign goods. She said that her opponent “wants to impose what is, in effect, a national sales tax on everyday products and basic necessities that we import from other countries.”
Biden and Harris has been doing steep tariffs that amount to more the citizens have to pay for goods
every election cycle makes it more obvious that neither party have our interests at heart
increasing stock does not mean prices will magically go down
Actually, it does.
living wages, pushing for fixed mortgage rates, pushing for nondiscriminatory banking policies nationwideo, increasing the education budget are things that do that
All of which are also in policy proposal
and all these homes would require the roads to be torn up and repiped
To be offset by additional tax base.
is places like Flint going to finally get the nonlead pipes
Flint is covered by the Infrastructure Act
Flint needed help a decade ago and still does
https://www.britannica.com/event/Flint-water-crisis
Flint water crisis, human-made public health crisis (April 2014–June 2016) involving the municipal water supply system of Flint, Michigan. Tens of thousands of Flint residents were exposed to dangerous levels of lead, and outbreaks of Legionnaire disease killed at least 12 people and sickened dozens more.
https://truthout.org/articles/the-2024-presidential-election-may-slow-plans-to-replace-lead-pipes/
The proposal from the Biden administration builds on different rules put out in the waning days of the Trump term that allowed up to 30 years for service line replacement, triggered only when lead levels test higher than 15 parts per billion. The new proposal, which would largely supplant the Trump rules, calls for stricter monitoring, enhanced public education, and the 10-year pipe replacement mandate regardless of lead levels.
An October deadline looms for the new rules to be adopted; otherwise, enforcement of the less-stringent Trump administration rules will begin. And complicating matters more: November’s election results could shake up whose rules the nation must follow.
While many cities and states have begun to replace their lead pipes, some utilities and officials say the 10-year time frame is unfeasible and too expensive. They say it would be difficult for water utilities to follow the rules while dealing with new EPA limits on five PFAS contaminants, known as “forever chemicals,” and failing pipes, among other issues.
The Infrastructure Act has provision for eliminating iron piping from US city water supply. It was passed a year ago. In a place as big as Flint, it’s a big F’n job. It took years to put in the system and it will take years to replace it. I’m sure Big Gretch has eyes on.
just like raising the minimum wage was talked about a decade ago too
both parties are paid too much by the MegaCorps to pass anything that would help
Wealth tax is the answer to “where will the money come from”
I appreciate the optimism, but who is going to pass a wealth tax?
The American public?
Lol
3 million homes that will be bought by the former employers of her economic team, Black Rock.
She will never do anything that would impact the profits of her owners, the donor class
