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Harris Says Privatizing Fannie Mae And Freddie Mac Could Add $1,200 To Mortgage Costs: Is She Right? (finance.yahoo.com)

submitted 3 months ago by MCasq_qsaCJ_234@lemmy.zip to c/politics@lemmy.world

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Vice President Kamala Harris has rolled out several initiatives as part of her housing plan. She wants to incentivize builders to create 3 million units of affordable housing and develop a $25,000 housing credit for first-time homebuyers. Harris's housing goals have been widely dissected by the media, showing that the nationwide housing problem is top of mind for many people.

Harris believes that former president Trump has it all wrong when it comes to solving the housing crunch. In her Aug. 16,2024, political rally, she stated, "If his Project 2025 agenda is put into effect, it will add around $1,200 a year to the typical American mortgage. He's got it backward. We should be doing everything we can to make it more affordable to buy a home, not less."

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[-] ExFed@lemm.ee 2 points 3 months ago

Always works out real well for the owners while everyone else pays the bill.

Ironically, there's a whole movement that directly fights that sentiment by deregulating the supply of housing. It's called YIMBY. When housing is a rarity, it's more expensive, so why not make more housing?

[-] captainlezbian@lemmy.world 5 points 3 months ago

When we deregulate we must be very careful. Sometimes it’s good like saying that residential and commercial properties can be next to each other. Other times it puts the coal plant next to the kindergarten. You’ve gotta be careful to not throw the baby out with the leaded bath water

[-] ExFed@lemm.ee 2 points 3 months ago

Yes, absolutely. My point is that some regulations are counterproductive, or just plain wrong... like redlining.

this post was submitted on 02 Sep 2024

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