Presidential Candidate Platforms Explained: Supporting Homebuyers
2024/10/29
Money Rehab with Nicole Lapin
Key Insights
Why did Trump slash the budget of the Federal Housing Administration during his previous term?
Details are unclear, but it aligns with his broader policy of reducing government spending.
How might Trump's plan to deport undocumented people affect housing costs?
It could slow down construction and drive up building costs due to labor shortages.
Why might opening federal lands for housing development not fully solve housing issues?
Most federal lands are in undeveloped areas without basic infrastructure, limiting their desirability.
What is Harris's $40 billion fund aimed at?
Easing zoning restrictions and other regulations to encourage affordable housing construction.
Why might Harris's $25,000 down payment initiative not make homes more affordable?
It could drive up home prices by increasing demand without boosting supply.
What is the primary strategy in Harris's plan to address housing affordability?
Building 3 million new housing units in four years to increase supply.
How does Harris plan to discourage large companies from buying up rental properties?
By making it less appealing through unspecified policy measures.
What advice does Nicole give for homebuyers when housing prices are rising?
Stick to a mortgage payment that doesn't exceed 30% of monthly income to avoid financial strain.
Chapters
This chapter breaks down the housing plans of both Trump and Harris, focusing on their strategies to make homeownership more affordable.
- Trump plans to reduce mortgage rates by slashing inflation and opening federal lands for new home construction.
- Harris proposes building 3 million new housing units in four years and providing $25,000 for down payments.
- Both candidates support cutting regulations to ease home buying, but their approaches differ in implementation.
Shownotes Transcript
