Many 2020 presidential candidates proposed housing policies that would partially address the affordability crisis, but Sen. Bernie Sanders has introduced the most aggressive:Sanders' most ambitious housing idea is for the federal government to spend $2.5 trillion to build 10 million permanently affordable housing units—enough new housing units to double Texas' entire stock of.
But there is a large potential downside: It could also drive up competition and costs for private home construction and make market-rate housing even more expensive. That means middle-class Americans, who are also stretched on their housing budgets, could face higher rents and be priced even further out of homeownership.
That's because permanently affordable housing—the kind that Sanders wants to build—is for people who currently cannot afford a typical home and often have no option but to live in. These low-income Americans are not weighing how much money to spend on housing, they are either priced out of the housing market entirely, or are spending as much money as they possibly can on housing.
FairweatherPhD And change the lives of millions of taxpayers.
FairweatherPhD He's a comu-nist.....and a ......MORON😃😂😁😀😊☺😆
FairweatherPhD Take from us so we’re all poor❓Why work? Let’s all quit & let government support us!
FairweatherPhD You know what else would be better put in the hands of the government instead of a military? All that. Don't allow anyone who has money to be a landlord. Make the land not owned by people belong to the treasury. Not the people in charge of the treasury but the country itself
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Bloomberg's tax bill would be under Bernie Sanders, Joe Biden - Business InsiderMike Bloomberg would save nearly $4 billion on his tax bill under Joe Biden's proposed plan compared to the 'tax on extreme wealth' Bernie Sanders wants that makes me want bernie more. He’ll spend more than that to get it You all joined to frustrate Banrnie; not cool.
Source: BusinessInsider - 🏆 729. / 51 Read more »