One of the big problems facing the housing market is supply. There are simply not enough homes for everyone who wants to buy one. Redfin CEO Glenn...
One of the big problems facing the housing market is supply. There are simply not enough homes for everyone who wants to buy one.) says it's a"structural problem that America has forgotten how to build homes." Both Vice President Kamala Harris and former President Donald Trump have offered housing proposals. He notes, however, that those would impact regulations at the federal level, but at the local level, there are still lots of bureaucratic hurdles.
It has now become a national issue since the pandemic forced so many people out of the big cities across the rest of the country, but it still takes years for that to have an effect.You know, uh Kamala Harris certainly made headlines when she uh talked about this $25,000 tax credit, Glenn to cover um the, the down payment costs for first time home buyers.Well, what I liked about it is that was paired with this initiative to build 3 million homes.So that, that subsidy is netted out.
But if you really wanted to make a big change, change the lending standards and the supply would come through to match that.Bill Gates told the Independent he'd pay "tens of billions" more if he designed the US tax system, and that economic power shouldn't be generational.
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