Vice President Kamala Harris has rolled out several initiatives as part of her housing plan. She wants to incentivize builders to create 3 million units of affordable housing and develop a $25,000 housing credit for first-time homebuyers. Harris’s housing goals have been widely dissected by the media, showing that the nationwide housing problem is top of mind for many people.
Harris believes that former president Trump has it all wrong when it comes to solving the housing crunch. In her Aug. 16,2024, political rally, she stated, “If his Project 2025 agenda is put into effect, it will add around $1,200 a year to the typical American mortgage. He’s got it backward. We should be doing everything we can to make it more affordable to buy a home, not less.”
It’s not a perfect system by far and I’m not arguing that.
But we’ve already seen how removing all privatization from an economy leads to worse outcomes because we have less options, less innovation, and more monopolies.
In my opinion we need to find a balance between the two systems that works best for everyone. Arguing for either extreme doesn’t make sense (in my opinion). I would rather see if we can come up with some other solutions that are better than the current system.