Vice President Harris proposes creating 3 million new housing units over four years, aided by a tax break for home builders, along with substantial down payment assistance for first-time buyers.
Experts highlight potential drawbacks in rent control proposals, warning that limiting landlords' ability to set prices might deter new construction and worsen current supply issues.
Former President Trump advocates for utilizing federal land for housing, alongside easing stringent regulations that currently contribute to nearly 25% of the costs involved in building new homes.
Mark Hamrick cautions that price controls like rent caps might discourage real estate investment and construction, ultimately worsening the affordability crisis in the housing market.
#housing-market #affordability-crisis #government-policy #construction-challenges #real-estate-investment
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