Wow, Vance hits it out of the park with this one!
Ultimately the solution is found at the local level, not at the White House. Remove restrictive zoning ordinances and let the builders build.
That was an excellent and fair interview/townhall on Newsnation.I’ve watched it twice. JD was an exceptional choice and has a promising future.
Our kids were going to build on a lot, but between interest rates, cost of materials and all the bs MA requires ie plugs for electric cars even if you don’t have, electric airflow for chimneys because I guess no one can build a flue that drafts well, no wood frame windows meet code, radon monitors, and and and
The mostly unconstitutional and criminal federal gov’t is BY FAR the biggest threat to the American dream.
Unfortunately as a US Senator, politician JD Vance has invested himself in that mostly criminal organization. Housing prices are just the tip of the iceberg.
However, Vivek is a businessmen and like Trump, not a politician, and an “outsider” who understands like few on the national scene the threat the totalitarian federal gov’t poses.
GO VIVEK!!!
It’s not “housing costs”, it’s a dollar that’s worth 75 cents.
In our depressed little town, you can still buy a fixer upper for around $40,000, but I mean a fixer upper boy howdy. We own our home, but if we had to buy one today, we would not be able to. Even rent is out of the question. Home buyers from places like California have driven the prices up at least twice as much as they were just 5 years ago. Some friends bought a house and a couple of acres for $25,000 a few years ago, then sold it after a year to a California couple for $125,000, no questions asked. Then they bought another similar property with 5 acres for $60,000, and sold it for over $200,000 a year later. A house down the street sold for $70,000, then a year later for $150,000. I thank God every day for the generosity of my husband’s aunt, who sold us our little fixer upper for $6,000, 18 years ago (30 payments, no interest!). It was originally built by my mother in law’s cousin, and has always been in the family. My older son will get it when we’re gone.
I’d argue property taxes.
We know folks who’ve lost their homes to back taxes.
Folks who can afford the home, but not the taxes.
Yeah, home prices are insane, but property taxes are confiscatory.