Posted on Aug 16, 2024
Harris Pledges to Build 3 Million New Homes if Elected
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Posted 4 mo ago
Responses: 4
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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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
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
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
https://www.consumeraffairs.com/homeowners/how-many-houses-are-built-every-year.html
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SPC Jeff Daley, PhD
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.
While they have heavy consequences on citizens they still welcome all illegals.
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Maj Kevin "Mac" McLaughlin
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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Better tag would be political opinions or housing. The article actually includes potential lines of effort for her plan...
"She will also propose a $40 billion fund to help local governments find new solutions to address housing inventory shortages – Biden previously called for a $20 billion fund. Harris is expected to repeat the Biden plan of expanding the low-income housing tax credit to developers who build low-income housing."
"She will also propose a $40 billion fund to help local governments find new solutions to address housing inventory shortages – Biden previously called for a $20 billion fund. Harris is expected to repeat the Biden plan of expanding the low-income housing tax credit to developers who build low-income housing."
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SPC Jeff Daley, PhD
It's more than a political opinion, these are direct statements from the VP campaigning for the Presidency. The statement can be found on her website. If you wish it to be an opinion then you must be hoping it's not reality. Yes, spending was at the top of the Biden/Harris list of priorities that brought problems and hardships to our tax-paying citizens. What that means is that your net disposable income is decreasing, and if her new policies take place you'll see it decrease more as our National Debt increases from its current $35.16 trillion as of August 15, 2024. This is not something I want my children and grandchildren to inherit.
LTC Eugene Chu
LTC Eugene Chu
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