“We can’t let profiteers and industry sycophants continue leading housing policy,” Tara Raghuveer said. “Rent caps are not only politically popular but also sound economic policy.”
Alliance for Housing Justice’s Post
More Relevant Posts
-
As housing costs have reached unfathomable heights, many American voters are elevating the issue. Candidates for U.S. Congress are hearing more from voters on the importance of affordable, high-quality housing. In fact, a Reuters/Ipsos opinion poll in May found voters rated the scarcity and cost of #housing as their second-most important economic worry—just after fears of stagnating income and rising prices. Read more from Reuters here: https://lnkd.in/gTRVXRQs #housing #congress #affordablehomeownership
How the renting bubble may be a key factor in the election
reuters.com
To view or add a comment, sign in
-
Cofounder/CEO @ Reffie | Helping real estate operators fill vacancies faster using centralized leasing software | Get 50%+ engagement from all inbound renter prospects
Housing remains one of the most pressing topics for politicians, news outlets, and the public. In recent years, affordable housing has gained unprecedented visibility at the federal level. Despite this attention, there hasn't been significant change in funding or efforts to create and preserve affordable housing nationwide. • Legislative Action: Earlier this year, the House passed the Tax Relief for American Families and Workers Act of 2024 with broad bipartisan support. It includes vital updates to the Low-Income Housing Tax Credit program, potentially resulting in the creation of 200,000 homes across the country. Unfortunately, the bill is now stalled in the Senate due to election-year uncertainties. • Biden's Impact: Biden's presidential campaign was a significant boost for affordable housing advocates, with promises such as a 5% cap on rent increases. However, with Biden out and Kamala Harris now in the race, there is much to figure out on where affordable housing is ranked with so many other issues to campaign on. • Election-Year Challenges: The uncertainty of an election year has brought the progress of affordable housing to a near standstill. Sudden changes within the Dems along side a possibly tight race between the Dems and the Republicans. The increased focus on affordable housing is promising, but substantial action and sustained efforts are essential to address the housing crisis effectively. #affordablehousing #housingcrisis #realestate #multifamily #propertymanagment
To view or add a comment, sign in
-
https://lnkd.in/gEdUfkiX Senators Tina Smith, Jack Reed, and Tammy Baldwin introduced the Affordable Housing and Homeownership Protection Act to generate $50 billion over a decade through taxes on large investors buying single-family homes. The proposed funds aim to construct around 3 million new homes, addressing a housing crisis highlighted in the Congressional Record report. The report emphasizes a shortage of 6.8 million homes, escalating home prices and rent, and the financial strain on low-income households. However, the report's attribution of the housing crisis primarily to large investors, claiming one in four single-family homes purchased in 2023 were acquired by them, is criticized for being both misleading and implausible upon closer scrutiny. The commentary underscores that the root cause of the housing crisis lies in the insufficient growth of housing supply against increasing demand. Zoning and land-use regulations, identified as significant constraints, are supported by Gyourko's study, which reveals a historical correlation between housing market price growth and increased residential constructions before the 1970s rise of land use regulations. This correlation weakened in subsequent decades, signaling the impact of regulatory constraints on housing supply. Link in bio to read the full article and subscribe to have access to unlimited daily articles. #financialmarkets #business #politics #economics #thelakestreetreview #Americannews #Africannews #americanmarkets #africanmarkets #mediacompany #newscompany #LSR
While the housing crisis is real, enforcing legislation to address the problem isn't the solution to fix it
thelakestreetreview.com
To view or add a comment, sign in
-
Americans understand that the lack of quality affordable housing - both rental and for-sale) - is a crisis. We need to act. We need to use every resource and every tool to develop more quality affordable housing stock and to make assistance available to low-income renters and buyers. #affordablehomes #nmtcsforaffordablehomeownership
As housing costs have reached unfathomable heights, many American voters are elevating the issue. Candidates for U.S. Congress are hearing more from voters on the importance of affordable, high-quality housing. In fact, a Reuters/Ipsos opinion poll in May found voters rated the scarcity and cost of #housing as their second-most important economic worry—just after fears of stagnating income and rising prices. Read more from Reuters here: https://lnkd.in/gTRVXRQs #housing #congress #affordablehomeownership
How the renting bubble may be a key factor in the election
reuters.com
To view or add a comment, sign in
-
So tomorrow we have the opportunity to reshape the country. It’s the General Election, and it’s time to vote for our favoured political party. Except I don’t think I’m anything like alone in that rather than voting for the party I like most, I’ll be voting for the one I dislike least. As a #surveyor, making my income through giving #property advice, I feel that the two main parties have both totally misunderstood the economics of residential property investment. Hammering #landlords with draconian legislation drives them out of the market; the laws of supply and demand then take over to drive rents up, so #tenants suffer. Well done in the blue corner. And in the red corner, proposals such as rent controls will address spiralling rents but again drive landlords out. So although tenants may be able to afford homes, there won’t be the housing available. I am very aware that #politics is a balancing act, and it is rare for one party to have “all the answers”, but since I first had the right to vote 45 years ago, it’s only the second time I’ve read the “promises” and considered which “bunch” I disagree with the least. But I do urge everyone to vote - either for what you agree with, or at least against those you disagree with!
To view or add a comment, sign in
-
Managing Director | UK Buy to Let Specialist | 18 years' Experience | |£2bn raised | Breaking Property News
General Election 2024: Housing Manifestos Unveiled 🏠🗳️ With the general election just around the corner, all major political parties have released their manifestos. Let's break down what the Conservatives, Labour, and Liberal Democrats are pledging for housing: 🔑 Key Takeaways: 1. No-fault evictions: All three parties pledge to ban no-fault evictions for renters. 2. Leasehold system: Each party promises to reform or end the leasehold system. 3. New homes: All are committed to building at least 1.5 million new homes over the next parliament. It's clear that housing is a top priority for all parties this election. Whether it's increasing housing supply, supporting first-time buyers, protecting renters, or tackling homelessness, each party believes they have a robust plans to address these crucial issues. Is this enough though to support the buy to let industry and help improve market supply and stability? And what about the ongoing issue of inflation and high interest rates, which is making it so challenging for developers and investors to build new homes and actually make them viable? What are your thoughts on these housing policies? Share your insights in the comments below! 🏡💬 Source: Zoopla News #GeneralElection2024 #Housing #RealEstate #UKProperty #RentersRights #FirstTimeBuyers #SocialHousing #NoFaultEvictions #LeaseholdReform
To view or add a comment, sign in
-
🏠🔥 Election Showdown: Can They Fix Our Housing Crisis?🔥🏠 Hey everyone! With the next election on the horizon, housing is about to take center stage like never before. Each party has made promises to fix the crisis but im looking for thr party that has the real answers. Have any of them got it? Lets have a look... 🌹 Labour's Big Promise: They're pledging 150,000 new social homes annually. Sounds promising, right? But can they deliver amidst all the challenges we face? No government has been able to hit the house building target in decades. Lots of planning restrictions and inflation has killed the sector. Has Kier Starmer got what it takes? Hummm.... 🔵 Conservative Strategy: Extending Right to Buy and cutting red tape to boost home construction. Will this actually make a difference for families struggling to find affordable housing? Cutting red tape for planning sounds good but is Rishi strong enough to get it done? 🌍 Greens & Lib Dems: They're pushing for sustainable, community-focused solutions. But will these plans truly tackle the root causes of our housing crisis? ✊ Reform's Perspective: Gaining attention with promises that resonate with landlords and homeowners alike. Is their fresh approach what we need to solve our housing challenges? Or just attention grabbing as Nigel Farage has said himself that they dont expect to have a chance at winning, so is it just the case of saying what people want to hear to get as many votes as possible, with no actual follow through planned? Let's skip the political jargon and get real about what matters most: having a place to call home. Which party do you think has the best plan to tackle our housing crisis head-on? Share your thoughts below and let's have a genuine conversation about our future! #HousingMatters #Election2024 #CommunityFirst #ReformUK #Labour #Conservatives
To view or add a comment, sign in
-
Associate Director, Judicial Expert at Ministry of Justice UAE.- BSc, MSc (Hons) Eng. Mech. CEM, LEED AP O&M. 𝗠𝘆 𝗽𝗼𝘀𝘁𝘀 𝗿𝗲𝗳𝗹𝗲𝗰𝘁 𝗺𝘆 𝘃𝗶𝗲𝘄𝘀, 𝗻𝗼𝘁 𝗻𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝗶𝗹𝘆 those of 𝗺𝘆 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗿.
In the philosophical discourse on societal values, the sharp rise in housing costs relative to income could be seen not solely as a challenge, but as a reflection of a deeper market evolution. This disparity might stimulate a transformative dialogue on urban development, pushing communities and policymakers towards innovative housing solutions and sustainable urban planning. By rethinking our approach to urban growth and real estate, we may uncover opportunities to enhance living standards and embrace a more integrated, community-focused urban future.
President Belman Homes 🏠 🇺🇸| Custom Home Builder | Construction | Home Building Hero Podcast Host | Speaker | Realtor | Amazon Best Selling Author "Leadership Growth Hacks"
Here is a shocking stat: Median income in 2004: $42,500 Median Home Price 2004: $184,000 4.3 times your income Median Income 2024: $54,000 Median Home Price 2024:$532,000 9.8 times your income❗️ That represents a 190% increase in the cost of housing compared to 29% jump in income.👀 Americans are falling behind and it’s getting worse. This path is unsustainable. It’s beyond time to get serious about #housingaffordability It needs to be part of every conversation at local boards, statewide legislation, and nationwide. We can no longer allow more rules, taxes, processes, and restrictions to be added on housing. In fact, the reverse is needed. It’s time to roll back, simplify and make housing our top priority.
To view or add a comment, sign in
-
This is ridiculously. Our kids will NEVER be able to buy homes. We need to: 1. Get big corporations (BlackRock & Vanguard) out of residential housing. PERIOD! Private citizens cannot compete in a bidding war with these huge corporations. These companies can overpay and then they have a rental that they can overcharge for. Hey congress, here’s something positive and productive for you to work on for once. 2. Start to pull back on property taxes, regulations and local governments profiting off of new housing starts. (Hey congess…) 3. Consider limiting the number of homes that private citizens can own for profit. i.e. Vrbo, Airbnb, Home Away, etc. The more homes that are used as hotels, the fewer there are for families to actually live in. I’m not saying to outlaw this, but limit the number of properties any private citizen can own for this use.
President Belman Homes 🏠 🇺🇸| Custom Home Builder | Construction | Home Building Hero Podcast Host | Speaker | Realtor | Amazon Best Selling Author "Leadership Growth Hacks"
Here is a shocking stat: Median income in 2004: $42,500 Median Home Price 2004: $184,000 4.3 times your income Median Income 2024: $54,000 Median Home Price 2024:$532,000 9.8 times your income❗️ That represents a 190% increase in the cost of housing compared to 29% jump in income.👀 Americans are falling behind and it’s getting worse. This path is unsustainable. It’s beyond time to get serious about #housingaffordability It needs to be part of every conversation at local boards, statewide legislation, and nationwide. We can no longer allow more rules, taxes, processes, and restrictions to be added on housing. In fact, the reverse is needed. It’s time to roll back, simplify and make housing our top priority.
To view or add a comment, sign in
-
This is food for thinking and planning.
President Belman Homes 🏠 🇺🇸| Custom Home Builder | Construction | Home Building Hero Podcast Host | Speaker | Realtor | Amazon Best Selling Author "Leadership Growth Hacks"
Here is a shocking stat: Median income in 2004: $42,500 Median Home Price 2004: $184,000 4.3 times your income Median Income 2024: $54,000 Median Home Price 2024:$532,000 9.8 times your income❗️ That represents a 190% increase in the cost of housing compared to 29% jump in income.👀 Americans are falling behind and it’s getting worse. This path is unsustainable. It’s beyond time to get serious about #housingaffordability It needs to be part of every conversation at local boards, statewide legislation, and nationwide. We can no longer allow more rules, taxes, processes, and restrictions to be added on housing. In fact, the reverse is needed. It’s time to roll back, simplify and make housing our top priority.
To view or add a comment, sign in
1,920 followers