Harris and Trump walk a supply-demand tightrope on housing
Housing is a huge pain point for voters, but the issue has only just begun to move off the margins of the presidential campaign.
Housing is a huge pain point for voters, but the issue has only just begun to move off the margins of the presidential campaign. The tricky politics of real estate is a key reason why.
On Friday, Vice President Kamala Harris shared new housing plans in her economic agenda, which includes efforts to help struggling renters, crack down on corporate landlords and spur the construction of 3 million new homes in four years.
So far, the Democratic candidate has offered more detailed housing proposals than her Republican rival, former President Donald Trump. But both face a political challenge that has long bedeviled U.S. housing policies and is only getting harder as the affordability crisis has worsened: “What we want from housing as a country is for it to both be affordable and for it to be a way to generate wealth,” said Chen Zhao, economics lead at the real estate company Redfin.
Supply is the No. 1 thing that we have to be worried about.
Chen Zhao, Redfin economics lead
Rating: 5