Trump vs. Harris: Who Will Fix the Housing Crisis?
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Answer neither lol.
I will say with Trump doing deregulation and cutting taxes (especially zero income tax idea) he can do better, as oppose to Kamala who will increase inflation and house price due to more “assistance”
Zero income tax? For real? If there is no income tax, how is the national debt or the annual budgets going to be paid. I doubt anyone has thought that one out.
@ well Trumps idea was tariffs imposed on other countries who want to do business in the US.
Trump is a businessman/real estate developer, not a politician, so obviously better for real estate.
Trump has bankrupted nearly every business he had and is up to his neck in debt on his properties. He’s not the best option for the average real estate agent
Better for real estate investors. Not better for first time homebuyers.
With buyers having to sign broker agreements to pay buyer agents commissions, down payment and closing costs. $25,000 can be used to cover that and the sellers will feel like they’re netting more money not paying a buyer agent commission. That maybe enough to have sellers get off the fence.
The 25,000 isn’t for sellers. Select few 1st time buyers. It doesn’t increase inventory. You should check it out to see who actually qualifies
@ I know it’s not for sellers and yes people will have to qualify just like they do now for the down payment assistance offered by Mobile, Al. I said, if buyers could use it to pay their agents, that negotiation would not have to be addressed and sellers would benefit
Trump
Trump of course
Trump! Of course
Thanks, Ricky. Always great insight!
Incentives for sellers. Transfer interest rate to new mortgage and slow reassessment of tax in new home. People won’t move until they can afford it. Unless the move up seller frees up entry level homes inventory will remain low.
The 25,000 1st x false idea won’t do a thing and as good as it might sound it is designed to not apply to most people and would only increase prices more.
A better economy would be best all around.
Trump because the economy will be 100 times better!
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Trump is synonymous with real estate… It’s a no brainer!
Harris, hands down‼️🔥
Ricky, her policy is also to add 3 million more homes to the market. Ask if Trump, who lies religiously, will put his policy into play. Fail to see what Trump is offering that will improve RE’s inventory.
Offering home buyers support to buy homes will create more opportunities not a frenzy. We were just talking about ‘NAR’s settlement effects on buyers having to contribute to agents compensation?! Won’t $25K help buyer?
And if interest rates go down more inventory will open up thereby helping lower asking price.
Also, one candidate wants to be a dictator for 1 day and has criminal charges pending; 1 candidate does not. Seems like a no brainer for those who believe in upholding the laws of our democracy/constitution.
Yes, I talked in depth about that
Ricky, seems to me that the information you shared for trump are mostly indirect actions that may or may not affect residential real estate. It seemed very vague and it’s hard to be critical on things that have no details. . On the trump topic of immigration and real estate; immigrants trump is talking about are staying in less desirable areas. And if anything they are helping stabilize less desirable communities where home prices are declining or would otherwise have declined. Also go to any construction site, and see who’s doing the hard labor. You can make a strong argument that trumps response would hurt new construction inventory by taking away hard working people.
I agree with being critical on Harris and her plans but at a very minimal level, she shared some direct actionable items for residential real estate. I think you failed to mention a few things: Harris plan would also allow builders to get a tax break on profits from homes that are built and sold to first-time buyers. Another part of the plan would create a new tax credit for renovating homes that couldn’t be sold at a price high enough to recoup repair costs. To overcome infrastructure shortfalls and any local political resistance, the Harris plan would provide more money for states and communities. Additionally she wants to build $3m new housing units. All of this would spurred more demand and construction. The question is whether the investment (cost) is worth the return.
Some economic experts say that Harris housing plan is the most aggressive since post-World War II boom.
We shall wait and see.
There’s no way to help the housing market outside of increasing inventory and decreasing regulations around new builds. Less regulation = cheaper. Also create incentives for more large condo buildings in areas that aren’t the beach. Pittsburgh (my market) is adding more dense housing downtown.