Affordable Housing Solutions or Empty Promises? - How Trump and Harris Plan to Make Housing Affordable Again
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Welcome back Family! This week I’m diving into what Vice President Kamala Harris and President Donald Trump are promising to do about the housing market. 🏡
With interest rates skyrocketing and a huge housing shortage, affordable housing has become a serious issue—especially for young buyers trying to get into the market. I break down some key points, like Harris’s plan to offer $25K in down payment assistance for first-time buyers. It sounds great, but could backfire if sellers raise prices, knowing buyers have extra cash.
Trump, on the other hand, is focused on opening up federal land for new developments to increase supply. But as always, zoning issues and red tape could slow things down. I also touch on how big investors, like BlackRock, are playing a role—and whether they’re really the ones making it harder for everyday people to buy homes.
The big takeaway? There’s no quick fix, but the key is to be proactive: work on your credit, save your money, get pre-approved, and be ready for new opportunities when they come.
I’d love to hear what you think, so let’s talk about it!
Thank you for listening. Stay curious, and as always, enjoy your first sip! ☕️
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Information
- Show
- FrequencyUpdated Weekly
- PublishedOctober 24, 2024 at 7:00 PM UTC
- Length14 min
- Season3
- Episode114
- RatingClean