Housing

[Puppyjive]

During the campaign, I never once heard how housing costs would be lowered. This is what ails our people right now. The current system offers zero hope. You can't lower taxes to fix this problem. The entire mortgage industry needs a complete overhaul. It affects the majority of the population. I have a fairly low mortgage. My taxes have exploded. My plan was to pay the mortgage off for retirement. I will have a new mortgage. My tax bill. Investors have taken over and now call the shots. Appraisers and realtors are corrupt as hell and scheme to over value our homes. It is at a breaking point. I think this has moved people to change what we are currently doing. You can't keep voting for the same and hoping for a different outcome. Keep doing what your doing and you will keep getting what your getting. Show me some real change.

[tulipsandroses]

1. Then you were not listening to Kamala

She had a plan to tackle investor price gouging

[newdayneeded]

2. tax breaks are for the rich.

it doesn't resonate with middle class. instead of a measly 40 bucks a month of tax break. Dems need to propose $480 rebate checks every April and October. people would have a double windfall from taxes and then the rebate check. Then October so money is there for christmas shopping.

[DeepWinter]

3. Agree

I bought my first house in 1993 3BR/1.5Bath for 99k. It was a stretch, but I could afford this.
Sold it in 2000 for 150k
It just sold again last year 2023 for 297k. Even with 30 years of my salary growth, I'm not sure I could afford this again.

I don't know how an average income young couple in their late 20's, early 30's get into this housing market. If you cut out commercial purchases that may address inflated sales, but not current prices. You can't mandate lower prices, you cut regular homeowners from their equity and growth which is their retirement. Don't know what the answer is.