Harris and Trump's Housing Plans from Last Night's Debate

https://www.housingwire.com/articles/harris-touches-on-housing-topics-in-presidential-debate/

Property Manager · Lansdale, PA · Member since 2021 · 844 posts · 1k+ votes

In last nights debate, Vice President Harris emphasized housing affordability, addressing the shortage of homes and proposing a plan to increase housing supply by 3 million units. She also highlighted her background and connection to first-time homebuyers, contrasting it with Trump’s real estate wealth.

Harris proposed tax credits for builders, cutting red tape, and a $25,000 down payment assistance for first-time buyers. She also touched on the rising cost of property insurance due to climate change. Trump did not address housing as directly but has previously suggested cutting regulations and using federal land for new construction.

Sharing this because it could have a significant impact on the housing market in the near and long term.

To read more, you can check out HousingWire's full article here: https://www.housingwire.com/articles/harris-touches-on-housi...

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Kristin Flores-Brockman

Real Estate Agent · Fort Worth, TX · Member since 2021 · 142 posts · 59 votes

If Harris gets elected and implements this $25k for FTHB, guess what that will do to the price of the homes.....? increase them by $25k. People forget, there are implications when you give things away for free. Ultimately, someone will be paying for it. NOTHING is for free, someone ultimately pays for it.

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Steve K.
Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes
2y
I like the FTHB tax credit idea personally. Being in an expensive market and having worked with first time home buyers a lot, it'll be nice to see them get help because they really need it when competing against more established buyers. It's basically impossible to get a first home here unless you have help, which is a bummer for those who aren't trust funders. $25k towards the down payment will even the playing field a bit.
I actually used the FTHB tax credit in 2009 ($8k tax credit at the time) which kick-started my real estate career. I paid $12k down and got $8k back so $4k out of pocket for my first property. Then I used the $8k to fix the property up. I did a value-add project to force appreciation, refinanced out enough cash to buy property #2 (without government assistance this time), turned property #1 into a rental, then repeated that process with property #2 and several more times over again and have since turned that initial $4k into a multi-million $ portfolio. So I'm a fan. It supports "The American Dream" in my opinion.
I hear the comments that the money has to come from somewhere. I see it as an $8k investment that the government made in me and they have done really well with it because I have paid that $8k back many times over in taxes that I've paid since then. Plus now that I'm established and have a portfolio, I pay a lot into the local economy by hiring contractors, buying materials, etc. I contribute a lot more now than I did as a renter.
Plus let's face it: it's a bit hypocritical to complain about tax incentives as real estate investors because we get a lot of tax advantages ourselves (write offs, depreciation, pass through deductions etc. these are some of the main reasons many people invest in real estate). It's not like we're talking about a "free market" here. A true free market doesn't exist as far as I know. People like to throw that term around, but a true free market would be anarchy and nobody wants that (or if they do they wouldn't like it for long). Real estate is propped up by govt. as it is, just mostly helping the already established more than beginners currently. It seems only fair to offer incentives to people just getting started as well, rather than just those of us who are already wealthy (like the guy running for president who is a billionaire but pays very little in taxes, and actually had the balls to write off $70k/year for doing his hair! If he can get $70k to glue his wig on in the morning, we can afford $25k for first time home buyers IMO, lol).
He also used a lot of other questionable tax-dodging strategies like writing off high-interest loans to his kids, fudging numbers on the value of his properties to pay less taxes, then fudging them the other way to get loans, etc. etc. etc.... let's not forget his company was found guilty of criminal tax fraud. We have no reason to trust anything he says, and every reason to know he's lying a lot and only running for president in hopes of staying out of prison.
No surprise that Trump plans to further cut taxes for himself and his extremely wealthy friends and family, just like the tax bills he passed as president. His 2017 tax laws seem to be written specifically for himself, lol. We've been trying and failing with trickle down economics for 40 years. It doesn't work, it's just an excuse for extremely wealthy people and politicians to pay less taxes. Let's try something else!
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James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
2y
Does anyone think past a slogan anymore????
Ok, gonna "fix" housing by giving FTHB $25k...... Ok, aaaand what about every other home buyer? What about the retiring persons, our Seniors who are arguably the #1 segment getting devastated by housing cost's today, those on fixed incomes? Oh, not going for those votes, I see....
Next, exactly how many FTHB's impediment to buying a home is lack of $25k? Last I checked FTHB's have ability up the ying-yang to buy a home for way less than $25k down, and the down seems to next to never be the issue, it's the PAYMENT vs INCOME, the DTI, loan servicing...... $25k down does diddly-squat for that except in the handful of markets where one can buy a house for the cost of a garage in most other markets. Hey, CA, Austin, Dallas, Miami, NY, Chicago and on and on and on, how far does $25k go???? yeah, a fart in a breeze.
Now to the "DUH" factor; who's paying this ADDITIONAL $25k per FTHB money? Oh, the fed gov you say, uh-hum, WHERE DO THEY GET THERE $? US, from us. So, gongrats, your voting yourself yet ANOTHER tax, good job folks.
So let's see we have no achieved RAISING the cost of entry real estate by $25k, ADDED more tax's to the populace, but hey, that sprinkling of the 1 demographic, they thank you for that $$$$. Get those 2nd, 3rd, 4th jobs people, there is people depending on your $$$$.....
Anyone happen to know Einstein's definition of insanity?
INCOME disparity is the issue to home purchasing. And the more demand WITH affordability the more builders will build, no stimulus needed.
So one way to change incomes is ERASE foreign nations competitive advantage in sectors, better known as TERIFFS. If equalize the playing field (again, TERIFFS) now jobs return to US. Production returns to US from off-shore, labor rate rises. Yes, costs of goods go up but people actually have the $ for that because wages are going up. The more USD circulates inside the US, the stronger middle class get's.
The more you export US wealth, guess what, ya got less.
Put simpler, would you happily pay 10% more for everything you buy today if trade-off was your income goes up 20/30%?
Who suffers? trans-national corporations. Oh yeah, it opens an artery on them, because the better DOMESTIC economy goes local small business wins.
So in reality THAT is the main difference in the 2's economic plans, one is pro-main street, the other is pro-trans-nationals or better put the big C-donors.
This election and time in history will go down as the "Idiot Olympics". For generations to come it will be asked why everyone was so stupid, why they didn't look at facts, didn't think things through, bought into slogans and pitch phrases like a bunch of cult groupies.
This should be easiest election in history because we don't have to guess what either will do, we can look at the record of what they DID. Simple obvious says they will do more of that.
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Victor S.
WorldWide · Member since 2016 · 1k+ posts · 1k+ votes
2y
damn, Steve, you got to put the kool-aid down every once in a while. ask yourself the same simple question your hopeful couldn't answer the other night: "are you better off today than you were 4 years ago?" simple as that.

all her freebies will have to come out of someone's pocket, and it def ain't coming out of hers.

"She also touched on the rising cost of property insurance due to climate change. "

was this a serious sentence, i can't tell anymore.

"...and proposing a plan to increase housing supply by 3 million units."

what plan? i must've missed it when i dozed off from her constant recitals of the snippets they got her to memorize during debate prep.

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James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
2y
Quote from @Steve K.:

I like the FTHB tax credit idea personally. Being in an expensive market and having worked with first time home buyers a lot, it'll be nice to see them get help because they really need it when competing against more established buyers. It's basically impossible to get a first home here unless you have help, which is a bummer for those who aren't trust funders. $25k towards the down payment will even the playing field a bit.
I actually used the FTHB tax credit in 2009 ($8k tax credit at the time) which kick-started my real estate career. I paid $12k down and got $8k back so $4k out of pocket for my first property. Then I used the $8k to fix the property up. I did a value-add project to force appreciation, refinanced out enough cash to buy property #2 (without government assistance this time), turned property #1 into a rental, then repeated that process with property #2 and several more times over again and have since turned that initial $4k into a multi-million $ portfolio. So I'm a fan. It supports "The American Dream" in my opinion.
I hear the comments that the money has to come from somewhere. I see it as an $8k investment that the government made in me and they have done really well with it because I have paid that $8k back many times over in taxes that I've paid since then. Plus now that I'm established and have a portfolio, I pay a lot into the local economy by hiring contractors, buying materials, etc. I contribute a lot more now than I did as a renter.
Plus let's face it: it's a bit hypocritical to complain about tax incentives as real estate investors because we get a lot of tax advantages ourselves (write offs, depreciation, pass through deductions etc. these are some of the main reasons many people invest in real estate). It's not like we're talking about a "free market" here. A true free market doesn't exist as far as I know. People like to throw that term around, but a true free market would be anarchy and nobody wants that (or if they do they wouldn't like it for long). Real estate is propped up by govt. as it is, just mostly helping the already established more than beginners currently. It seems only fair to offer incentives to people just getting started as well, rather than just those of us who are already wealthy (like the guy running for president who is a billionaire but pays very little in taxes, and actually had the balls to write off $70k/year for doing his hair! If he can get $70k to glue his wig on in the morning, we can afford $25k for first time home buyers IMO, lol).
He also used a lot of other questionable tax-dodging strategies like writing off high-interest loans to his kids, fudging numbers on the value of his properties to pay less taxes, then fudging them the other way to get loans, etc. etc. etc.... let's not forget his company was found guilty of criminal tax fraud. We have no reason to trust anything he says, and every reason to know he's lying a lot and only running for president in hopes of staying out of prison.
No surprise that Trump plans to further cut taxes for himself and his extremely wealthy friends and family, just like the tax bills he passed as president. His 2017 tax laws seem to be written specifically for himself, lol. We've been trying and failing with trickle down economics for 40 years. It doesn't work, it's just an excuse for extremely wealthy people and politicians to pay less taxes. Let's try something else!

You're gonna make me sound like something I am not, but your being polarized.
All the legal issues came as a RESULT of "The Don" running for office again, and being involved. So if his focus was just for that, to avoid legal issues he could have done that far FAR easier by simply stepping away and chillaxin into the sunset.
As for him doing things for profit, that's LAUGHABLE. He is at a point financially where he is "Elon" wealthy, as in like Elon said "what, are you going to threaten me with money, lol, really" and told Disney to go F-itself. "The Don" does not need to help of support any wealthy anyone, he doesn't, he has 0 personal incentive for such, he literally does not need another cent EVER, meaning he does not need anyone's favor, EVER.
But ya know who DOES.... ya know who IS in a position to be influenced and "bought", because there is another candidate in this thing who's not only VERY susceptible to such but tied at the hip to a person who's SOOOOO tied up in bribery and pay-off's that the #1 problem is actually solidifying the evidence because he's so damn practiced at it that even when it's glaringly OBVIOUS to all he still finagles ways to hide it all.
But no, that's not the programing you received so your going with regurgitation vs thinking things through here.
Remember, I said your gonna make me look like something I am NOT, and ya did because people are assuming now, and they'd be flat-WRONG.
The issue is people with this fanatical demand that EVERYONE is wither with Tribe A, or Tribe B, and forgot that we are supposed to have FREEDOM, including freedom of thought.
How about they BOTH SUCK, just in different ways and different degrees. How about that reality?
But 1 is a Communist 1,000%, I do not have even 1 iota of dubt on that anymore and I gotta tell you I really tried hard to find anyway to refute that fact because it's sh_t terrifying that Communists have penetrated and usurped the US to that degree, but here it is, it's reality, they have.
And I would take a talking sh_t sandwich over a Communist.
So say he grabs whatever, that he talks in hyperbolae (which he does), that he's taken advantage of the system (as he admitted when debating Hillary and pointed out they made the laws he just used them), he is still NOT a Communist......
I am of the "never Communist" camp so there ya go, that's my alignment.
And as far as housing goes, Communists do as Communists do. If your wondering the future of things, google the history, examples galore including recent history of such. And you'd not a scary alignment of things if do the research and get informed.
If you want to find out what it's like to ONLY be allowed to lease a property under control of a federal program, to be under a "Housing Tzar" you just keep barking up that tree. Don't come crying when it goes from bad to worse, and don't say you weren't warned, you just didn't care. Communists do as Communists do.
Communism is the best marketing message, and worst reality. Marx was a brilliant lunatic.
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Victoria Goyins
Flipper · Willingboro, NJ · Member since 2017 · 2 posts · 5 votes
2y
VP Harris talked about building new homes and providing tax incentives for marginalized communities to be able to afford homes. As a property owner and a landlord, I see opportunity. Honestly, it's not my job to figure out where the money comes from or if it raises the deficit, it's the government's job to collect revenue from corporations and wealthy Americans to make it available for these programs to succeed. And check out this correlation - if we address climate change and our efforts are even marginally successful, the decrease in natural disasters may have some effect on lowering the rising cost of insurance.
2
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James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
2y
Quote from @Victoria Goyins:

VP Harris talked about building new homes and providing tax incentives for marginalized communities to be able to afford homes.......
So talking about helping White Males/Families?

1
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Alan F.
Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
2y
Quote from @Steve K.:

I like the FTHB tax credit idea personally. Being in an expensive market and having worked with first time home buyers a lot, it'll be nice to see them get help because they really need it when competing against more established buyers. It's basically impossible to get a first home here unless you have help, which is a bummer for those who aren't trust funders. $25k towards the down payment will even the playing field a bit.
I actually used the FTHB tax credit in 2009 ($8k tax credit at the time) which kick-started my real estate career. I paid $12k down and got $8k back so $4k out of pocket for my first property. Then I used the $8k to fix the property up. I did a value-add project to force appreciation, refinanced out enough cash to buy property #2 (without government assistance this time), turned property #1 into a rental, then repeated that process with property #2 and several more times over again and have since turned that initial $4k into a multi-million $ portfolio. So I'm a fan. It supports "The American Dream" in my opinion.
I hear the comments that the money has to come from somewhere. I see it as an $8k investment that the government made in me and they have done really well with it because I have paid that $8k back many times over in taxes that I've paid since then. Plus now that I'm established and have a portfolio, I pay a lot into the local economy by hiring contractors, buying materials, etc. I contribute a lot more now than I did as a renter.
Plus let's face it: it's a bit hypocritical to complain about tax incentives as real estate investors because we get a lot of tax advantages ourselves (write offs, depreciation, pass through deductions etc. these are some of the main reasons many people invest in real estate). It's not like we're talking about a "free market" here. A true free market doesn't exist as far as I know. People like to throw that term around, but a true free market would be anarchy and nobody wants that (or if they do they wouldn't like it for long). Real estate is propped up by govt. as it is, just mostly helping the already established more than beginners currently. It seems only fair to offer incentives to people just getting started as well, rather than just those of us who are already wealthy (like the guy running for president who is a billionaire but pays very little in taxes, and actually had the balls to write off $70k/year for doing his hair! If he can get $70k to glue his wig on in the morning, we can afford $25k for first time home buyers IMO, lol).
He also used a lot of other questionable tax-dodging strategies like writing off high-interest loans to his kids, fudging numbers on the value of his properties to pay less taxes, then fudging them the other way to get loans, etc. etc. etc.... let's not forget his company was found guilty of criminal tax fraud. We have no reason to trust anything he says, and every reason to know he's lying a lot and only running for president in hopes of staying out of prison.
No surprise that Trump plans to further cut taxes for himself and his extremely wealthy friends and family, just like the tax bills he passed as president. His 2017 tax laws seem to be written specifically for himself, lol. We've been trying and failing with trickle down economics for 40 years. It doesn't work, it's just an excuse for extremely wealthy people and politicians to pay less taxes. Let's try something else!

The schedule C tax cuts were not written for the wealthy. They were implemented to promote growth for sole proprietors. Why should a 1 person company pay substantially more in taxes than a w2 employee?
Before people jump to conclusions here, no forming a corporate entity does not lower the tax burden for 1 person
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Victor S.
WorldWide · Member since 2016 · 1k+ posts · 1k+ votes
2y
Quote from @Victoria Goyins:

VP Harris talked about building new homes and providing tax incentives for marginalized communities to be able to afford homes. As a property owner and a landlord, I see opportunity. Honestly, it's not my job to figure out where the money comes from or if it raises the deficit, it's the government's job to collect revenue from corporations and wealthy Americans to make it available for these programs to succeed. And check out this correlation - if we address climate change and our efforts are even marginally successful, the decrease in natural disasters may have some effect on lowering the rising cost of insurance.
this smells like a bot account to me, but the poster is from NJ, so again, no clue if serious.
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Rich S.
Central, MN · Member since 2015 · 148 posts · 184 votes
2y
I will leave the politics be as there is no point in debating these issues online as it just alienates sides vs. each other.
As far as the tax credit, sure it will help a certain sector, but there is still too much down pressure in most housing markets right now. There are people staying in houses instead of moving up because of affordability and limited inventory. These are affected in my simple mind by interest rates and the cost of entry into new home market and there are less specs than normal in some markets for the same reason. Unfortunately, we get way too fixated on policy only helping one faction of the market, in this guys opinion. In my simple mind, we can't seem to find a way to make things fluid, hence we always have a chokepoint. In the days where we let things fix themselves, it was what it was, but now because we try to fix it all, we end up with a different version of the same problem.

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Victoria Goyins
Flipper · Willingboro, NJ · Member since 2017 · 2 posts · 5 votes
2y
Not a bot. Proud to be from NJ. Not going down the rabbit hole of any negative comments. Respecting all comments as I hope each of us respects all the comments in these posts, whether you agree or not.
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Alan F.
Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
2y
Quote from @Account Closed:

Quote from @Account Closed:

Quote from @Kristin Flores-Brockman:

If Harris gets elected and implements this $25k for FTHB, guess what that will do to the price of the homes.....? increase them by $25k. People forget, there are implications when you give things away for free. Ultimately, someone will be paying for it. NOTHING is for free, someone ultimately pays for it.

I second that.
I remember back in 2008 time frame having a hard time selling a SFR here in SoCal. Obama's FTHB came along and it sold in short order, full price. I always felt it was due to the bump in demand created by the tax credit. Who paid for my windfall, not sure, increased national debt perhaps.
Congratulations. Your bailout cost us $242,000,000,000 ($242 billion) in new debt which would have built 806,700 houses at $300,000 each. Plus, interest payments continue to be made on that bailout 15 years later. ;-)

Profligate spending ( undisciplined, un-necessary debt) has risen by an additional $22,091,000,000,000 ($22.9 trillion) for 76,636,000 new houses at $300,000 each and everybody would have a new house. But, alas that was not to be. ;-)

What a country!!

And contributed to inflation. The last thing this country needs is ANY more money injected into the economy.
2
Topic locked
James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
2y
Quote from @Account Closed:

Quote from @Account Closed:

Quote from @Kristin Flores-Brockman:

If Harris gets elected and implements this $25k for FTHB, guess what that will do to the price of the homes.....? increase them by $25k. People forget, there are implications when you give things away for free. Ultimately, someone will be paying for it. NOTHING is for free, someone ultimately pays for it.

I second that.
I remember back in 2008 time frame having a hard time selling a SFR here in SoCal. Obama's FTHB came along and it sold in short order, full price. I always felt it was due to the bump in demand created by the tax credit. Who paid for my windfall, not sure, increased national debt perhaps.
Congratulations. Your bailout cost us $242,000,000,000 ($242 billion) in new debt which would have built 806,700 houses at $300,000 each. Plus, interest payments continue to be made on that bailout 15 years later. ;-)

Profligate spending ( undisciplined, un-necessary debt) has risen by an additional $22,091,000,000,000 ($22.9 trillion) for 76,636,000 new houses at $300,000 each and everybody would have a new house. But, alas that was not to be. ;-)

What a country!!

Out by me there is this lake. It's called a "Depression Lake" and my daughter asked why it's called that, what it means.
I explained that in the Great Depression there was these camp's of people without work, people needed to eat, and back then they were begging for work to get the $ to eat vs today when people just ask for the $.
So, a politician came out one day and they dropped off truck loads of shovels and wheel barrows. Than told everyone that anyone who wanted work, had it, guaranteed. Show up, start digging. The only plan was make a lake, and continue as long as had to.
Because back then they had the foresight to think what it would do to people if they paid them to just sit around, and the economy as a whole. It was hard work, digging a lake by hand. YES, that was the whole thing, shovels and wheel barrows, literally, not 1 piece of machinery was used.
It was hard work, dirty work, nobody liked doing it but, it was guaranteed work and $ to feed one's self and family.
My daughter looks at me and says "huh, that's pretty smart. Hey Dad, why are people so stupid nowadays?" Lol.
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James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
2y
Quote from @Alan F.:

Quote from @Account Closed:

Quote from @Account Closed:

Quote from @Kristin Flores-Brockman:

If Harris gets elected and implements this $25k for FTHB, guess what that will do to the price of the homes.....? increase them by $25k. People forget, there are implications when you give things away for free. Ultimately, someone will be paying for it. NOTHING is for free, someone ultimately pays for it.

I second that.
I remember back in 2008 time frame having a hard time selling a SFR here in SoCal. Obama's FTHB came along and it sold in short order, full price. I always felt it was due to the bump in demand created by the tax credit. Who paid for my windfall, not sure, increased national debt perhaps.
Congratulations. Your bailout cost us $242,000,000,000 ($242 billion) in new debt which would have built 806,700 houses at $300,000 each. Plus, interest payments continue to be made on that bailout 15 years later. ;-)

Profligate spending ( undisciplined, un-necessary debt) has risen by an additional $22,091,000,000,000 ($22.9 trillion) for 76,636,000 new houses at $300,000 each and everybody would have a new house. But, alas that was not to be. ;-)

What a country!!

And contributed to inflation. The last thing this country needs is ANY more money injected into the economy.
That depends on your perspective.
If you want to break the USD, which dethrones USD as world reserve currency, which dethrones US as predominant world power..... It's "inflate baby INFLATE".

2
Topic locked
Alan F.
Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
2y
Quote from @James Hamling:

Quote from @Alan F.:

Quote from @Account Closed:

Quote from @Account Closed:

Quote from @Kristin Flores-Brockman:

If Harris gets elected and implements this $25k for FTHB, guess what that will do to the price of the homes.....? increase them by $25k. People forget, there are implications when you give things away for free. Ultimately, someone will be paying for it. NOTHING is for free, someone ultimately pays for it.

I second that.
I remember back in 2008 time frame having a hard time selling a SFR here in SoCal. Obama's FTHB came along and it sold in short order, full price. I always felt it was due to the bump in demand created by the tax credit. Who paid for my windfall, not sure, increased national debt perhaps.
Congratulations. Your bailout cost us $242,000,000,000 ($242 billion) in new debt which would have built 806,700 houses at $300,000 each. Plus, interest payments continue to be made on that bailout 15 years later. ;-)

Profligate spending ( undisciplined, un-necessary debt) has risen by an additional $22,091,000,000,000 ($22.9 trillion) for 76,636,000 new houses at $300,000 each and everybody would have a new house. But, alas that was not to be. ;-)

What a country!!

And contributed to inflation. The last thing this country needs is ANY more money injected into the economy.
That depends on your perspective.
If you want to break the USD, which dethrones USD as world reserve currency, which dethrones US as predominant world power..... It's "inflate baby INFLATE".

Great point! Perspective indeed.
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James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
2y
Ok, here ya go, wanna "fix" housing, heres an idea thrown at the wall.
Everyone receiving welfare or SSD benefits has to complete a "occupational" ASVAB.
Via workforce centers across the nation implement a system by which those who score for aptitude in the home building services sector, they are assigned an "Employment Voucher".
Any employer in home development and home services can redeem those "Employment Vouchers" to receive a tax credit equal to 80% of the wages of such hires, up to a density of 20% of total employed work force".
Any development project undertook by such company who has a minimum of 10% staffing of such persons, can receive a "tax credit" on any net housing producing or redeveloping projects.
Now you have (a) shifted persons for a net gain because what would have been 100% tax payer funded is now at least partially private sector financed. (b) these persons that would have been non-productive are now productive (c) people are getting trained and learning employable skills (d) companies are highly incentivized for GROWTH (e) you've effected stimulus in net housing production but with NO added tax revenue draws because it's via an offsetting factor AND arguably a potential net GAIN via expansion of industry leading to mor employment and more income tax revenues.
That plan required all of less than 60 minutes thought to come up with....
Someone has a mobility disability? Ok, can they be trained in blueprints? The industry has plenty of low to no mobility brain-powered jobs, it's not all just guys swinging hammers around. There is all the trades but what about trainers for the trades, project Managers, draftspersons, logistics, site survey, submittals, on and on and on.....
Oh, child care you say? Ok, let's do the same for daycares.....
Why don't we use the $ already going out the door to pay people to CONTRIBUTE and gain skills vs sit around and "human-cat" all day??????
Focusing on net-offset's vs ADDING to more new spending. how can we use the existing spending SMARTER.
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Alan F.
Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
2y
Quote from @James Hamling:

Quote from @Account Closed:

Quote from @Account Closed:

Quote from @Kristin Flores-Brockman:

If Harris gets elected and implements this $25k for FTHB, guess what that will do to the price of the homes.....? increase them by $25k. People forget, there are implications when you give things away for free. Ultimately, someone will be paying for it. NOTHING is for free, someone ultimately pays for it.

I second that.
I remember back in 2008 time frame having a hard time selling a SFR here in SoCal. Obama's FTHB came along and it sold in short order, full price. I always felt it was due to the bump in demand created by the tax credit. Who paid for my windfall, not sure, increased national debt perhaps.
Congratulations. Your bailout cost us $242,000,000,000 ($242 billion) in new debt which would have built 806,700 houses at $300,000 each. Plus, interest payments continue to be made on that bailout 15 years later. ;-)

Profligate spending ( undisciplined, un-necessary debt) has risen by an additional $22,091,000,000,000 ($22.9 trillion) for 76,636,000 new houses at $300,000 each and everybody would have a new house. But, alas that was not to be. ;-)

What a country!!

Out by me there is this lake. It's called a "Depression Lake" and my daughter asked why it's called that, what it means.
I explained that in the Great Depression there was these camp's of people without work, people needed to eat, and back then they were begging for work to get the $ to eat vs today when people just ask for the $.
So, a politician came out one day and they dropped off truck loads of shovels and wheel barrows. Than told everyone that anyone who wanted work, had it, guaranteed. Show up, start digging. The only plan was make a lake, and continue as long as had to.
Because back then they had the foresight to think what it would do to people if they paid them to just sit around, and the economy as a whole. It was hard work, digging a lake by hand. YES, that was the whole thing, shovels and wheel barrows, literally, not 1 piece of machinery was used.
It was hard work, dirty work, nobody liked doing it but, it was guaranteed work and $ to feed one's self and family.
My daughter looks at me and says "huh, that's pretty smart. Hey Dad, why are people so stupid nowadays?" Lol.

From the mouths of babes lol.
0
Topic locked
Steve K.
Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes
2y
Quote from @Victor S.:
damn, Steve, you got to put the kool-aid down every once in a while. ask yourself the same simple question your hopeful couldn't answer the other night: "are you better off today than you were 4 years ago?" simple as that.

all her freebies will have to come out of someone's pocket, and it def ain't coming out of hers.

"She also touched on the rising cost of property insurance due to climate change. "

was this a serious sentence, i can't tell anymore.

"...and proposing a plan to increase housing supply by 3 million units."

what plan? i must've missed it when i dozed off from her constant recitals of the snippets they got her to memorize during debate prep.

I’m better off than I was 4 years ago for sure. Trumps term was the worst 4 years of my life by far.
2
Topic locked
Victor S.
WorldWide · Member since 2016 · 1k+ posts · 1k+ votes
2y
Quote from @Steve K.:

Quote from @Victor S.:
damn, Steve, you got to put the kool-aid down every once in a while. ask yourself the same simple question your hopeful couldn't answer the other night: "are you better off today than you were 4 years ago?" simple as that.

all her freebies will have to come out of someone's pocket, and it def ain't coming out of hers.

"She also touched on the rising cost of property insurance due to climate change. "

was this a serious sentence, i can't tell anymore.

"...and proposing a plan to increase housing supply by 3 million units."

what plan? i must've missed it when i dozed off from her constant recitals of the snippets they got her to memorize during debate prep.

I’m better off than I was 4 years ago for sure. Trumps term was the worst 4 years of my life by far.
lie detector determined that was a lie. btw, can you drive down to Aurora and see wth is going on down there for us? might be able to scoop up some apartments on the cheap.
0
Topic locked
Ken BuckPro Member
Specialist · Crested Butte, CO · Member since 2015 · 105 posts · 25 votes
2y
may sound outlandish yet high speed transportation infrastructure could help a ton...a lot want to live outside the city anyways - at least part time. There's plenty of easily developable land and resources 2-3hrs outside most cities.
We're behind almost every industrialized nation in this respect anyways.
1
Topic locked
Steve K.
Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes
2y
Quote from @Victor S.:

Quote from @Steve K.:

Quote from @Victor S.:
damn, Steve, you got to put the kool-aid down every once in a while. ask yourself the same simple question your hopeful couldn't answer the other night: "are you better off today than you were 4 years ago?" simple as that.

all her freebies will have to come out of someone's pocket, and it def ain't coming out of hers.

"She also touched on the rising cost of property insurance due to climate change. "

was this a serious sentence, i can't tell anymore.

"...and proposing a plan to increase housing supply by 3 million units."

what plan? i must've missed it when i dozed off from her constant recitals of the snippets they got her to memorize during debate prep.

I’m better off than I was 4 years ago for sure. Trumps term was the worst 4 years of my life by far.
lie detector determined that was a lie. btw, can you drive down to Aurora and see wth is going on down there for us? might be able to scoop up some apartments on the cheap.
You know that’s a fake story right? I live here and Venezuelan gangs definitely aren’t taking over buildings, that story was debunked a week before the debate and he still repeated it. He’s either repeating lies intentionally or out of touch with reality (or both). Same with the immigrants eating cats and dogs comment he made: fake story and the original fake story was actually about immigrants eating ducks, not pets. Trump can’t even keep his crackpot conspiracy theories straight. Dude is senile/ early stages of dementia and rarely completes sentences anymore, he just rambles incoherently. Politics aside I’ll be frank: I never liked him. I disliked him when he was a democrat too (which he was for most of his life, he was a major donor to the Democratic Party throughout the 80’s and 90’s then switched parties 5 times, talk about a flip-flopper). He’s been a grifter and a con man his whole life. Get off the fake news and learn about the man.
2
Topic locked
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
2y
Quote from @James Hamling:

Quote from @Account Closed:

Quote from @Account Closed:

Quote from @Kristin Flores-Brockman:

If Harris gets elected and implements this $25k for FTHB, guess what that will do to the price of the homes.....? increase them by $25k. People forget, there are implications when you give things away for free. Ultimately, someone will be paying for it. NOTHING is for free, someone ultimately pays for it.

I second that.
I remember back in 2008 time frame having a hard time selling a SFR here in SoCal. Obama's FTHB came along and it sold in short order, full price. I always felt it was due to the bump in demand created by the tax credit. Who paid for my windfall, not sure, increased national debt perhaps.
Congratulations. Your bailout cost us $242,000,000,000 ($242 billion) in new debt which would have built 806,700 houses at $300,000 each. Plus, interest payments continue to be made on that bailout 15 years later. ;-)

Profligate spending ( undisciplined, un-necessary debt) has risen by an additional $22,091,000,000,000 ($22.9 trillion) for 76,636,000 new houses at $300,000 each and everybody would have a new house. But, alas that was not to be. ;-)

What a country!!

Out by me there is this lake. It's called a "Depression Lake" and my daughter asked why it's called that, what it means.
I explained that in the Great Depression there was these camp's of people without work, people needed to eat, and back then they were begging for work to get the $ to eat vs today when people just ask for the $.
So, a politician came out one day and they dropped off truck loads of shovels and wheel barrows. Than told everyone that anyone who wanted work, had it, guaranteed. Show up, start digging. The only plan was make a lake, and continue as long as had to.
Because back then they had the foresight to think what it would do to people if they paid them to just sit around, and the economy as a whole. It was hard work, digging a lake by hand. YES, that was the whole thing, shovels and wheel barrows, literally, not 1 piece of machinery was used.
It was hard work, dirty work, nobody liked doing it but, it was guaranteed work and $ to feed one's self and family.
My daughter looks at me and says "huh, that's pretty smart. Hey Dad, why are people so stupid nowadays?" Lol.

West Coast and Mountain states of the West had the same thing called CCC camps conservation crop. those are the folks during the depression who built our park systems trail systems fire roads etc.. We had a Ranch in Northern CA and there was an old CC camp about 3 miles up the canyon from us.. some of the infrastructure still remains till this day.. its now a public campground.

As for foreigners eating animals this is well documented.. Again in CA folks coming in from Vietnam war would go out into the mountains of the state and federal forests and basically kill anything that moved and ate them..was a real issue about wiped out the black bear population and in Wa. my brother in law worked for the road department and would find dogs that had been eaten it happens.. Not sure about today but if people are starving which of course with all the food handouts its quite rare from what I see. I see no one starving if anything its the other way around for EBT card holders.
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2
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Alan F.
Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
2y
Quote from @Jay Hinrichs:

Quote from @James Hamling:

Quote from @Account Closed:

Quote from @Account Closed:

Quote from @Kristin Flores-Brockman:

If Harris gets elected and implements this $25k for FTHB, guess what that will do to the price of the homes.....? increase them by $25k. People forget, there are implications when you give things away for free. Ultimately, someone will be paying for it. NOTHING is for free, someone ultimately pays for it.

I second that.
I remember back in 2008 time frame having a hard time selling a SFR here in SoCal. Obama's FTHB came along and it sold in short order, full price. I always felt it was due to the bump in demand created by the tax credit. Who paid for my windfall, not sure, increased national debt perhaps.
Congratulations. Your bailout cost us $242,000,000,000 ($242 billion) in new debt which would have built 806,700 houses at $300,000 each. Plus, interest payments continue to be made on that bailout 15 years later. ;-)

Profligate spending ( undisciplined, un-necessary debt) has risen by an additional $22,091,000,000,000 ($22.9 trillion) for 76,636,000 new houses at $300,000 each and everybody would have a new house. But, alas that was not to be. ;-)

What a country!!

Out by me there is this lake. It's called a "Depression Lake" and my daughter asked why it's called that, what it means.
I explained that in the Great Depression there was these camp's of people without work, people needed to eat, and back then they were begging for work to get the $ to eat vs today when people just ask for the $.
So, a politician came out one day and they dropped off truck loads of shovels and wheel barrows. Than told everyone that anyone who wanted work, had it, guaranteed. Show up, start digging. The only plan was make a lake, and continue as long as had to.
Because back then they had the foresight to think what it would do to people if they paid them to just sit around, and the economy as a whole. It was hard work, digging a lake by hand. YES, that was the whole thing, shovels and wheel barrows, literally, not 1 piece of machinery was used.
It was hard work, dirty work, nobody liked doing it but, it was guaranteed work and $ to feed one's self and family.
My daughter looks at me and says "huh, that's pretty smart. Hey Dad, why are people so stupid nowadays?" Lol.

West Coast and Mountain states of the West had the same thing called CCC camps conservation crop. those are the folks during the depression who built our park systems trail systems fire roads etc.. We had a Ranch in Northern CA and there was an old CC camp about 3 miles up the canyon from us.. some of the infrastructure still remains till this day.. its now a public campground.

As for foreigners eating animals this is well documented.. Again in CA folks coming in from Vietnam war would go out into the mountains of the state and federal forests and basically kill anything that moved and ate them..was a real issue about wiped out the black bear population and in Wa. my brother in law worked for the road department and would find dogs that had been eaten it happens.. Not sure about today but if people are starving which of course with all the food handouts its quite rare from what I see. I see no one starving if anything its the other way around for EBT card holders.
Yep, all came to a head over gillnets at the farallon islands. Abalone got wiped out too.
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Topic locked
Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
@Noah Bacon
I am not really concerned about either housing plan as both parties have been talking about building more affordable housing for decades but it boils down to a local level and the NIMBY groups
It will be status quo like it has been since I can remember
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3
Topic locked
James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
2y
Quote from @Steve K.:

Quote from @Victor S.:
damn, Steve, you got to put the kool-aid down every once in a while. ask yourself the same simple question your hopeful couldn't answer the other night: "are you better off today than you were 4 years ago?" simple as that.

all her freebies will have to come out of someone's pocket, and it def ain't coming out of hers.

"She also touched on the rising cost of property insurance due to climate change. "

was this a serious sentence, i can't tell anymore.

"...and proposing a plan to increase housing supply by 3 million units."

what plan? i must've missed it when i dozed off from her constant recitals of the snippets they got her to memorize during debate prep.

I’m better off than I was 4 years ago for sure. Trumps term was the worst 4 years of my life by far.

Even with the pandemic, Trump era was by FAR much better for me and all I know. Which makes me wonder what it would have been without covid.
Your the first person I've know to coin Biden era as better.
2
Topic locked
Dan H.Pro Member
Investor · Poway, CA · Member since 2015 · 7k+ posts · 8k+ votes
2y
Quote from @Paul C Minor:

Quote from @Pete Widell:

Funny, no mention at all of her unrealized gains tax she has bandied about.

That's for those with a net worth of more than $100 million. Congrats if you're there.

There would be some BP users impacted if tax was based on $100m net worth. Tax on net worth is a complex topic. Will there be a tax refund for decrease in value seeing the value was not realized?
If it starts, i can see the threshold lowering with time. There are many people who think $10m is a lot of wealth and many people who can only dream of obtaining $1m net worth. Yet on BP, there are many users that have net worth that many people dream of obtaining.
Most of the people dreaming of greater net worth choose never to take the risks that could increase their chances of obtaining significant wealth.

4 years ago when Warren was proposing a wealth tax, it seemed so far out there that it seemed crazy. It seems to be getting closer to reality.
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