Thursday night’s debate between President Joe Biden and former President Donald Trump made only a fleeting reference to the challenges facing the U.S. housing market.
The only question related to housing was part of an inquiry from debate moderator Jake Tapper about inflation under the Biden administration, with Tapper’s observation that “typical home prices have jumped more than 30%” since Biden took office.
Biden responded that his administration was “going to make sure that we have reduced the price of housing. We’re going to make sure we build 2 million new units. We’re going to make sure we cap rents, so corporate greed can’t take over.”
Later in the debate, Biden said he “provided for the idea that any Black family, first time home buyer should get a $10,000 tax credit to be able to buy their first home so they can get started.” However, that proposal has yet to be approved by Congress.
Biden later added that his administration was “trying to provide housing for Black Americans and dealing with segregation that exists among these corporate – these corporate operations that collude to keep people out of their houses.” However, he did not identify which “corporate operations” were colluding to deny Black households from accessing housing.
Trump was not asked about the housing market’s problems during the debate, nor did he volunteer any insight on how he would address the issue.
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Biden made vague reference to “corporate greed”, probably meaning those large corporations that he allowed to buy-up 67% of available housing units, and keep them as rentals. He could have stopped them, but he didn’t. Now he proposes a commission to study and allocate money for housing. Another boondoggle waste of tax payer money that I hope never sees the light of day.
Agree. What about all of the small landlords that are more human and tenant friendly. It’s been proven that rent control rent. Seems like socialism to me! Many small landlords are getting out because of the problems and regulations. For example, you didn’t need to pay rent if you didn’t want to. No penalties unless somehow the landlord was able to file a lawsuit much after the fact.
The government has created all of our problems in housing by allowing control freak politicians and bureaucrats to push sophistries such as “affordable housing” which is simply crooked politicians buying votes and destroying cities. Every blue city is chock full of “affordable housing” and government programs. Why would any rational person think the government should try to “fix” anything. Government is the problem and even intimating that the government should meddle in the housing market is insanity, like voting for Biden. The government created and caused the crash in 2008. For the love of God…stop the government from ruining the entire country.
Amen!
So, why is he so focussed on “BLACK AMERICANS”. As REALTORS, we live and work by a Code of Ethics. It is Fair Housing for ALL regardless of the color of the clients skin. I don’t know of any Realtor or Agent that would dare violate Fair Housing.
What does color of your skin have to do with this? Were the Polish not persecuted to the highest degree during the Holocaust? How about helping those immigrants that we took into our country to get into homes? And if we are going down that path of free money from tax payers pockets, why would we not do something for our VETS’ FAMILIES first that have lost a family member to service or help their children who never have had a home? Why would they not be the highest priority? God bless our country and I hope the destruction and stupidity of creating racial devide can end soon with a new President who actually supports hard working Black people rather than someone looking for a vote with another handout.
The overwhelming majority of Rental properties are not “corporate owned.”
It’s actually regular people and/or aka “mom and pop.”
Is that what they want you to believe?
That being a landlord or owning properties is a bad thing?
What about the statement
“We’re going to make sure we cap rents, so corporate greed can’t take over.”
So, is the government going to tell you or me how much or what amount we can rent out our property for and whom to rent it out to?
Yes, the govt already required us landlords to allow free rent during Covid by not allowing us to evict. I couldn’t get any attorney to perform an eviction. But, I still had to pay all my bills. I suspect that was planned, it was a test run and more is coming.
They are attacking the housing problem from the wrong perspective, with more tax dollar giveaways from the backs of the American taxpayers, as usual with anything the government gets involved in to “fix” an issue. We do need affordable housing. We have and always will need affordable housing. We need affordable housing that people can BUY. Not pay for someone else’s asset. This proposal is a band aid on a broken arm.
The only inflation that exists is being caused by greed (He’s got the greed part correct here) ….prices went up during supply chain issues post-Covid and have never gone back down and won’t ever go back down. They like the new prices. They are going to keep the new prices. They are making out just fine with the new prices. We, however, the average American tax payer, are being further choked as the foot comes down harder on our throats. Who will pay for all of this once they have bled us dry I wonder?