Posted on Aug 16, 2024

Harris Pledges to Build 3 Million New Homes if Elected

SPC Jeff Daley, PhD

417

My comment, "This will drive inflation down - NOT!"

Harris Pledges to Build 3 Million New Homes if Elected

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Political Opinions

Posted >1 y ago

Responses: 3

LTC David Brown

Posted >1 y ago

It is amazing how people don’t realize it is taxes and regulations that increase costs. It is government over spending that drives inflation. I like to say Inflation is the tax you pay for believing the government generates money. Look at all the fraud that went on with covid relief. As money floods into the housing market cheap poorly built homes will sell for premium prices. Then the bust comes as inflation eats dollars and people can no longer afford home payments and maintenance etc and foreclosed homes litter the market place.

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Maj Kevin "Mac" McLaughlin

Posted >1 y ago

OR, she could take up the honorable efforts of President Carter (Habitat for Humanity) and build those homes when she's not elected. I like option 2 better.

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SPC Jeff Daley, PhD

>1 y

Great idea! Although taxes can be associated with the program there is a return. Tax Credits: Individuals can contribute to Habitat for Humanity and receive tax credits in return. For example, in Arizona, taxpayers can direct up to $421 to Habitat, which is returned as a tax credit when filing taxes. Maj Kevin "Mac" McLaughlin

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Maj Kevin "Mac" McLaughlin

>1 y

SPC Jeff Daley, PhD - I'm also going to have to point out that 3 million homes in a 4-year presidential term would be a negative thing. According to the Census Bureau on new privately owned housing permits, starts and completions from 2013 to 2023, 3 million would be far under the trend seen for the last two terms.

https://www.consumeraffairs.com/homeowners/how-many-houses-are-built-every-year.html

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SPC Jeff Daley, PhD

>1 y

Maj Kevin "Mac" McLaughlin - I am not sure we'll have to worry about this build-out. If the policies look like the infrastructure bill the contractors working on projects funded by the Infrastructure Investment and Jobs Act must navigate a complex web of labor standards, sourcing requirements, reporting obligations, and compliance with federal regulations to ensure successful project execution. The administration's favorite is that failure to comply with these regulations can lead to severe consequences, including financial penalties, loss of contracts, and legal liability under the False Claims Act.

While they have heavy consequences on citizens they still welcome all illegals.

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Maj Kevin "Mac" McLaughlin

>1 y

SPC Jeff Daley, PhD my point is, this is an empty promise as we will likely see it, regardless of who is President (unless she enables a housing crisis). If trends continue, she'll say "see, I not only did it, but I far exceeded what I promised". Even though she had no role in it. It's like her saying "I promise to get 75% of the military's recruiting goal".

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