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.
Lower regulations for building houses and encourage the construction of houses. Also build a subway near the suburbs to reduce car use.
There is a lot of unused land because there are no basic services or they do not meet demand. This should also be encouraged.
I think it’s important to be clear about what “lower regulations” should mean. Loosening safety or energy efficiency standards would be bad, but eliminating minimum parking requirements would be good.
(Parking really is the issue here, by the way. For example, an 800 ft2 2-bedroom apartment is forced to become effectively 1200 ft2 if code requires 1 parking space per bedroom, singlehandedly driving up costs by more than 50% because concrete parking decks are more expensive per square foot than living space is.)
why low density? High density is rediculously overpriced.