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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
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.
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
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
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.
Never said we should. I said this isn't going to change
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.
Imagine other home owners who have 30y mortgage on them. They'll be so happy their house drops in value.
It's great that you own your house - but that's your perspective.
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?
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.
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.
If it was so easy, it would've happened a long time ago.
Are you sure? Real Estate and builders have a lot of lobbying money to keep their assets at high value.
This is probably why it didn't happen, and why it won't happen
Source: "trust me, bro"
Look, if you have better explanation of why housing is so increadibly expensive in US, compared to rest of the world, then be my guest
just like the factories that get tax breaks because they hire people does not translate to people making living wages