They say everything is bigger in Texas, and for Scott Turner, President Trump’s nominee to lead Housing and Urban Development, that means bigger opportunities to restore hope and prosperity to millions of Americans.
It’s no wonder that during a time when woke policies have replaced common sense in Democrat-run cities and states, millions have flocked to Texas in search of affordable housing and a thriving economy.
Since President Biden took office, housing affordability has reached record lows, making homeownership unattainable for nearly 99% of American families. Under his leadership, commonsense policymaking has been replaced by economic mismanagement, skyrocketing inflation, and interest rates at their highest levels in 23 years. As a result, families are now forced to spend more on daily necessities while housing prices spiral out of reach.
President Trump campaigned on a mandate to solve this crisis, and by nominating Turner as HUD Secretary, he’s taking bold action to Make Housing Affordable Again.
The Biden administration’s disastrous policies have only compounded the crisis. Excessive regulations have choked the housing market’s ability to expand supply, while millions of migrants crossing the open southern border are now competing with American citizens for the same limited housing stock.
Adding insult to injury, reports have surfaced of illegal immigrants receiving free housing — paid for with taxpayer dollars — while veterans are left sleeping on the streets.
As a veteran who served in Iraq and Saudi Arabia, I find this not only unacceptable, but appalling. In November, voters made it clear they want change, electing President Trump to put America First and tackle this crisis head-on.
Trump has laid out a credible plan to bring relief to American families. By reducing inflation, cutting mortgage rates, unleashing America’s energy potential, and deporting illegal immigrants driving up housing demand, we can lower costs and stabilize the market.
Under Turner’s leadership, HUD will prioritize new development by opening portions of federal land for large-scale housing projects with low taxes and fewer regulations. Solving the housing crisis is no small task, but President Trump has promised action, and Turner is the ideal leader to deliver results.
This isn’t Turner’s first time taking on monumental challenges. In 2019, President Trump entrusted him with leading the White House Opportunity and Revitalization Council, where he worked to revitalize distressed communities across the country. Under Turner’s leadership, forgotten neighborhoods experienced new investment, job creation, and economic growth.
President Trump called it an “unprecedented effort that transformed our country’s most distressed communities.” That same commitment and vision will now be brought to HUD, where Turner will focus on making housing affordable and accessible for all Americans.
Turner’s experience as a businessman has prepared him to meet this moment. His proven ability to focus on solutions has brought real change to Texas, and now it’s time for America to benefit from his leadership.
I am confident that Scott Turner will bring the same passion, determination, and optimism he demonstrated during the first Trump administration to tackle the housing crisis head-on. Together, we can restore the American Dream, where every family has the opportunity to afford a home, provide for their loved ones, and secure a brighter future.
* * *
Wesley Hunt is a U.S. Representative from Texas.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

Trump Attends White House Opportunity And Revitalization Council Meeting

Make Housing Affordable Again with Scott Turner

Donald Trump

Housing

Trump Administration

For years, my husband and I watched the American Dream of homeownership grow further and further out of reach. We’re hard-working, law-abiding citizens, striving to build a future for ourselves and our growing family, but the rising cost of living and stagnant wages made that dream seem like just that — an unattainable fantasy. The thought of owning a home where we could plant roots, build memories, and raise our son in a stable, secure environment often felt impossible.
And we’re not alone. Many young Americans feel this way, including members of Generation Z, who are just starting their careers, families, and financial journeys. For young families and Gen Z alike, homeownership and financial security have been slipping further out of reach with each passing year. But after Donald Trump’s resounding victory in the 2024 election, that dream feels within reach again. My heart swells with hope and gratitude as I consider that the very real possibility of homeownership is now back on the table — not just for my family, but for millions of young families and Gen Z Americans who deserve a shot at a stable future.
Donald Trump’s return to the White House symbolizes a turning point in American economic policies, one that prioritizes the interests of everyday Americans. He has consistently championed policies that aim to reduce the tax burden on families, stabilize inflation, and incentivize homeownership. And now, we have a leader who understands that the American Dream isn’t just about accumulating wealth; it’s about fostering communities, strengthening family bonds, and building a nation of strong, self-reliant citizens.
<h3>The Erosion Of Homeownership In America</h3>
Over the past few years, rising inflation, skyrocketing interest rates, and unchecked housing prices left countless families unable to achieve the fundamental American aspiration of homeownership. Home prices have increased by over $93,000 on average as well as the 30-year fixed mortgage rate having more than doubled since the beginning of 2021. With inflation soaring and the cost of even a modest home escalating, the future has to look grim.
As the government prioritized massive spending, as we watched the price of everyday essentials like gas and groceries increase, the cost of living rose across the board. For everyday Americans, essential milestones have felt nearly impossible to achieve. The path to homeownership has been filled with obstacles, and the federal government seemed to have little interest in creating a stable, thriving economy for the next generation.
<h3>A New Hope For Young Families And Gen Z</h3>
Trump’s return signals the start of an economic renaissance — an America First agenda that once again places the interests of families, workers, and young Americans at the forefront. Under Trump’s leadership, we can expect policies that encourage homeownership, which not only helps families plant roots but also builds stronger communities. 
Homeownership isn&#8217;t just about property; it&#8217;s about stability. It’s about families and young people investing in their communities, knowing that they have a stake in their neighborhoods and their future. The promise of stable mortgage rates and a reining in of inflation under Trump means that more Americans — including young people just starting their journeys — will finally have a shot at the security that homeownership provides.
<h3>The Path To A Bright Future For Our Children — And Theirs</h3>
As a parent, there is no greater responsibility — and no greater joy — than being able to provide a stable, nurturing environment for our children. Every parent dreams of giving their child a safe place to play, to learn, and to grow. And every parent knows the importance of instilling a sense of pride and security in their children.
Likewise, Generation Z, who are just beginning their adult lives, want a stable and bright future, too. For Gen Z, who came of age during difficult economic times, homeownership has often felt out of reach. They’re eager to start careers and families, and invest in the American Dream themselves. They want a nation where their hard work is rewarded and where homeownership isn’t just a privilege for the few but a possibility for the many.
Trump’s vision for America is built on the idea that the family and the individual are the foundations of our society. 
<h3>The Resurgence Of The American Dream</h3>
My husband and I aren’t wealthy or powerful. We’re everyday Americans who work hard, who value family, and who want the best for our children. For us, Trump’s victory isn’t just a political win; it’s a profound, personal triumph. It means our family might have a real chance at owning a home, at putting down roots, and at creating a better future.
And for Gen Z, who are just stepping into adulthood, this victory means they, too, have a shot at building the lives they’ve dreamed of. This election wasn’t just about politics; it was about securing a future that values young Americans, that empowers families, and that understands what truly makes America great.
With Trump back in the White House, I feel a renewed sense of optimism — not just for my family, but for all Americans. We are seeing the rebirth of an economy that works for the people. The American Dream isn’t dead; it’s alive and well, and it’s more attainable than ever.
<h3><a href="https://www.amiracist.com/?_gl=1*jtghwp*_gcl_au*ODQ1NjYzNTg2LjE3Mjg5MDk3OTE.*_ga*MTc2NzM0NDQ2NS4xNzI4OTA5Nzkx*_ga_CZKR9ZYKJP*MTczMDEyMDgwOS40OS4xLjE3MzAxMjA4MzkuMzAuMC4w" target="_blank" rel="noopener">MATT WALSH&#8217;S &#8216;AM I RACIST?&#8217; NOW STREAMING ON DAILYWIRE+</a></h3>
So as I look at my son and think about the years ahead, I feel something that many of us thought we’d lost: hope. Hope that we’ll raise our son in a home that’s ours. Hope that young Americans — Gen Z and others — will have a real shot at financial security and homeownership. And hope that this country, with its foundation of freedom, opportunity, and hard work, will continue to shine brightly for generations to come.
In 2025, we will have a leader who’s not afraid to restore the American Dream. And for that, my family, Gen Z, and millions of other Americans are eternally grateful.
* * *
Alexandra Lains is a conservative political commentator, mom and verbal sniper. Follow her on Instagram: @livinglifelikealex and on X: @realalexlains
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

Wide shot of family looking at home for sale with real estate agent

Why Trump’s Victory Offers Hope To Young Families And Gen Z

2024 Election

finance

Gen Z

Mortgages

Opinion

Young people

On Tuesday night at the vice presidential debate, GOP vice presidential candidate JD Vance contended that the massive influx of illegal immigrants was causing housing prices to rise. When moderator Margaret Brennan challenged his assertion, he replied that after the debate, he would publish remarks from the Federal Reserve Board that supported his contention, which he did only hours after the debate ended.
Speaking on the issue, Vance stated at the debate, “We do want to blame Kamala Harris for letting in millions of illegal aliens into this country, which does drive up costs, Tim. Twenty-five million illegal aliens competing with Americans for scarce homes is one of the most significant drivers of home prices in the country. It&#8217;s why we have massive increases in home prices that have happened right alongside massive increases in illegal alien, alien populations under Kamala Harris&#8217;s leadership. &#8230;We have a lot of Americans that need homes. We should be kicking out illegal immigrants who are competing for those homes, and we should be building more homes for the American citizens who deserve to be here.”
Brennan then interjected, “But, Senator, on that point, I&#8217;d like for you to clarify. There are many contributing factors to high housing costs. What evidence do you have that migrants are part of this problem?”
“Well, there&#8217;s a Federal Reserve study that we&#8217;re happy to share after the debate,” Vance replied. “We&#8217;ll put it up on social media. Actually, that really drills down on the connection between increased levels of migration, especially illegal immigration, and higher housing prices. Now, of course, Margaret, that&#8217;s not the entire driver of higher housing prices. It&#8217;s also the regulatory regime of Kamala Harris. Look, we are a country of builders. We&#8217;re a country of doers. We&#8217;re a country of explorers. But we increasingly have a Federal administration that makes it harder to develop our resources, makes it harder to build things, and wants to throw people in jail for not doing everything exactly as Kamala Harris says that they have to do. And what that means is that you have a lot of people who would love to build homes who aren&#8217;t able to build homes.&#8221;
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A few hours later, Vance published remarks from Michelle W. Bowman, who has served as a member of the Federal Reserve Board of Governors since 2018 and <a href="https://www.federalreserve.gov/newsevents/speech/bowman20240503a.htm" target="_blank" rel="noopener">spoke</a> at the Massachusetts Bankers Association Annual Convention in Key Biscayne, Florida, on May 3. Vance wrote on X, “As promised earlier tonight, here is Michelle Bowman of the Federal Reserve Board of Governors.” Bowman stated:
<blockquote>
There is a risk that strong consumer demand for services, increased immigration, and continued labor market tightness could lead to persistently high core services inflation. Given the current low inventory of affordable housing, the inflow of new immigrants to some geographic areas could result in upward pressure on rents, as additional housing supply may take time to materialize. Wage growth has remained at an elevated rate of between 4 and 5 percent, still higher than the pace consistent with our 2 percent inflation goal given trend productivity growth.
</blockquote>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
As promised earlier tonight, here is Michelle Bowman of the Federal Reserve Board of Governors:
&quot;Given the current low inventory of affordable housing, the inflow of new immigrants to some geographic areas could result in upward pressure on rents.&quot;<a href="https://t.co/dfO0wFmyPs">https://t.co/dfO0wFmyPs</a> <a href="https://t.co/KfDjPaZC7G">pic.twitter.com/KfDjPaZC7G</a>
&mdash; JD Vance (@JDVance) <a href="https://twitter.com/JDVance/status/1841338114897293712?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

CBS News 2024 Vice Presidential Debate

Vance Follows Up Debate With Receipts On X: ‘As Promised’

Debate

Elections

Illegal Immigration

JD Vance

Margaret Brennan

Politics

Tim Walz

Vice President <a href="https://www.dailywire.com/topic/kamala-harris" target="_blank" rel="noopener">Kamala Harris</a> struggled to answer questions Friday night during her first solo interview as the Democrat presidential nominee.
The interview with 6abc Action News (WPVI-TV) was with a friendly reporter who did not ask Harris any difficult questions.
Harris was asked during the first question if she could name &#8220;one or two specific things&#8221; that she is planning to do that will bring prices down and make life more affordable for people.
Harris was not able to name a single policy that will bring down prices. She later mentioned her plan to give $25,000 in down payment assistance to first-time home buyers, but that does not make owning a home more affordable, it increases the cost of homes.
&#8220;Well, I&#8217;ll start with this,&#8221; Harris began. &#8220;I grew up a middle class kid. My mother raised my sister and me. She worked very hard. She was able to finally save up enough money to buy our first house when I was a teenager. I grew up in a community of hard working people, you know, construction workers and nurses and teachers. And I try to explain to some people who may not have had the same experience, you know, if &#8212; but a lot of people will relate to this. You know, I grew up in a neighborhood of folks who were very proud of their lawn, you know? And, and I was raised to believe and to know that all people deserve dignity and that we, as Americans, have a beautiful character.&#8221;
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&#8220;You know, we have ambitions and aspirations and dreams, but not everyone necessarily has access to the resources that can help them fuel those dreams and ambitions,&#8221; she continued. &#8220;So when I talk about building an opportunity economy, it is very much with the mind of investing in the ambitions and aspirations and the incredible work ethic of the American people and creating opportunity for people, for example, to start a small business. My mother, you know, worked long hours, and our neighbor helped raise us, we used to call her &#8230; I still call her our second mother. She was a small business owner. I love our small business owners. I learned who they are from my childhood, and she was a community leader. She hired locally, she mentored. Our small businesses are so much a part of the fabric of our communities, not to mention, really, I think, the backbone of America&#8217;s economy.&#8221;
She then touted how she would give business startups a large tax deduction, which does not bring down prices or make living more affordable.
After talking about how she will give people $25,000 in assistance to purchase homes, she then claimed that those people will be able to afford those homes long-term. Many experts have warned that the incentives that Harris is creating could lead people to purchase homes that they won&#8217;t be able to afford long-term, thus leading to a mortgage crisis.
WATCH:
<blockquote class="twitter-tweet">
Kamala details her plan to bring down prices (which are up 20.3% since she took office):
&#8220;I grew up in a neighborhood of folks who were very proud of their lawn. Ya know?&#8221; <a href="https://t.co/XbRpRHaLKs">pic.twitter.com/XbRpRHaLKs</a>
— Trump War Room (@TrumpWarRoom) <a href="https://twitter.com/TrumpWarRoom/status/1834717120510541835?ref_src=twsrc%5Etfw">September 13, 2024</a></blockquote>

Kamala Harris

Kamala Harris Struggles To Answer Basic Question During First Solo Interview

Media

California Gov. <a href="https://www.dailywire.com/topic/gavin-newsom" target="_blank" rel="noopener">Gavin Newsom</a> killed a bill that would have allowed illegal immigrants to be eligible for a housing program where they could receive an interest-free loan worth up to $150,000 for a home purchase.
On Friday, Newsom vetoed the bill proposed by Democratic Assemblymember Joaquin Arambula of Fresno that would make illegal immigrants eligible for California’s Home Purchase Assistance Program, which allows some first-time home buyers to get up to $150,000 in interest-free loans for a home down payment, <a href="https://www.cbsnews.com/amp/sacramento/news/newsom-vetoes-bill-undocumented-immigrants-home-loans-california/">CBS News</a> reported.
&#8220;Given the finite funding available for CalHFA programs, expanding program eligibility must be carefully considered within the broader context of the annual state budget to ensure we manage our resources effectively,&#8221; Newsom said in a message <a href="https://www.gov.ca.gov/wp-content/uploads/2024/09/AB-1840-Veto-Message.pdf">addressed to members of the state Assembly</a> after vetoing the bill.
At a briefing later that day, Newsom defended his move to kill the bill, <a href="https://www.politico.com/news/2024/09/06/newsom-california-undocumented-immigrants-homes-00177748">Politico</a> reported.
“The bill that was sent to me was [on] a program that had no money, and it was expanding eligibility to a program that had no money,” Newsom said.
“It seemed rather curious to me,” he added. “So it was unnecessary and completely consistent with prior vetoes along those similar lines.”
The bill passed 53-18 in the state Assembly and 25-14 in the Senate before heading to the governor’s desk.
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No Republicans in the Assembly or Senate voted in favor of the proposal and argued that the bill’s passage would continue to incentivize illegal immigration and create unfair competition for American citizens struggling to buy a home, as <a href="https://www.dailywire.com/news/ca-dems-pass-bill-to-give-illegal-immigrants-up-to-150k-interest-free-home-loans">The Daily Wire</a> previously reported.
“It’s a slap in the face to legal immigrants when we incentivize the breaking of our laws and the normalizing of being in this country unlawfully,” said Assemblymember Bill Essayli (R). “We need to close our border. This is a problem of our own making. We have made the borders wide open, millions of people are coming over and now the state of California is creating a huge incentive for those who came here illegally to come to California.”
Newsom’s veto comes a day after former <a href="https://www.dailywire.com/topic/donald-trump" target="_blank" rel="noopener">President Donald Trump</a> talked about the “flood” of millions of people entering the country illegally, which he said has driven up housing costs.
<iframe loading="lazy" title="Trump delivers speech to Economic Club of New York" width="500" height="281" src="https://www.youtube.com/embed/74syVUaMF_I?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
During a speech at the Economic Club of New York, <a href="https://www.youtube.com/watch?v=74syVUaMF_I">Trump</a> talked about the proposed CA bill and vowed to &#8220;ban mortgages for illegal aliens.&#8221;
Trump also vowed that, when president, he would ask “Congress to pass legislation barring all tax-payer funded benefits” to illegal immigrants.
Leif Mahieu contributed to this piece.

Gov. Gavin Newsom (D-CA)

Gavin Newsom Kills Bill That Would Give Illegal Immigrants Massive Help To Buy Homes

California

Gavin Newsom

Democrats in <a href="https://www.dailywire.com/topic/california" target="_blank" rel="noopener">California</a> passed a bill on Wednesday that allows illegal immigrants to be eligible for a housing program where they could receive an interest-free loan worth up to $150,000 for a home purchase.  
The <a href="https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240AB1840" target="_blank" rel="noopener">legislation</a> makes illegal immigrants eligible for California’s Home Purchase Assistance Program, which allows some first-time home buyers to get up to $150,000 in interest-free loans for a home down payment. The bill passed 53-18 in the state Assembly and 25-14 in the Senate and now heads to Democratic Governor Gavin Newsom&#8217;s desk. No Republicans in the Assembly or Senate voted in favor of the proposal.
According to the legislation, no one applying for the loan can be “disqualified solely based on the applicant’s immigration status.” The state has already spent more than half a billion on the program for nearly 4,000 loans. 
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The legislation was introduced by Democrat Assemblymember Joaquin Arambula, who said the proposal would help attract people with a good credit score. 
“So for those who have a good credit score and who qualify for a loan, we are saying that we want you to set roots here in our great state if you qualify, only if you qualify,” he said, <a href="https://www.latimes.com/california/story/2024-08-29/california-lawmakers-approve-home-mortgage-aid-to-undocumented-immigrants" target="_blank" rel="noopener">according</a> to the Los Angeles Times. 
Republicans argued that the bill&#8217;s passage would continue to incentivize illegal immigration and create unfair competition for American citizens struggling to buy a home. 
“It’s a slap in the face to legal immigrants when we incentivize the breaking of our laws and the normalizing of being in this country unlawfully,” said Assemblymember Bill Essayli (R). “We need to close our border. This is a problem of our own making. We have made the borders wide open, millions of people are coming over and now the state of California is creating a huge incentive for those who came here illegally to come to California.”
<blockquote class="twitter-tweet">
California democrats love illegal immigration so much they offer many incentives for them to come here.
Today, the Assembly just voted to give illegal immigrants free down payment assistance (up to $150k) to buy a house a new home. Thats on top of providing free health care and… <a href="https://t.co/qGJ4OIcLCG">pic.twitter.com/qGJ4OIcLCG</a>
— Bill Essayli (@billessayli) <a href="https://twitter.com/billessayli/status/1828949867575816541?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Republican Assembly Leader James Gallagher said the legislation would worsen the border crisis. 
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“I didn’t know it was possible to make the border crisis and the housing crisis worse with just one vote, but Democrats found a way,” he <a href="https://x.com/J_GallagherAD3/status/1829014739382612000" target="_blank" rel="noopener">said</a>. “Giving taxpayer-funded housing subsidies to illegal immigrants will drive costs even higher and encourage more chaos at the border.”
The San Diego border sector has become one of the hotspots for unlawful crossings in recent months, with the Biden-Harris administration <a href="https://www.dailywire.com/news/biden-admin-released-72-of-illegal-migrants-who-entered-san-diego-sector-despite-supposed-crackdown">reportedly</a> releasing thousands of illegal immigrants who had been apprehended.

U.S. President Joe Biden Unveils Immigration Order Severely Limiting Asylum-seeker Crossings

CA Dems Pass Bill To Give Illegal Immigrants Up To $150K Interest-Free Home Loans

Economy

U.S. Politics

Vice President Kamala Harris was slammed on Friday as she announced a plan to give first-time homeowners $25,000 from the federal government for a down payment on a house.
Harris officially unrolled the plan during her Friday afternoon rally in North Carolina. The vice president <a href="https://x.com/KamalaHarris/status/1824519283705028690" target="_blank" rel="noopener">promised</a> that a Harris-Walz administration would give working families up to $25,000 in down payment assistance if they have paid their rent on time for two years and are first-time buyers. Those who are first-generation homeowners would get more assistance than other first-time homeowners, ABC News reporter Selina Wang <a href="https://x.com/selinawangtv/status/1824209836474597457" target="_blank" rel="noopener">wrote</a> on X after getting details about the proposal from a Harris campaign official.
Republican vice presidential candidate JD Vance ripped Harris&#8217; housing proposal, warning that it would be used to give illegal immigrants &#8220;American homes.&#8221;
&#8220;Kamala Harris wants to give $25,000 to illegal aliens to buy American homes. This will only further exacerbate the housing shortage in our country. It&#8217;s a disgrace,&#8221; Vance <a href="https://x.com/JDVance/status/1824447704937758778" target="_blank" rel="noopener">posted</a> on X. &#8220;We should be making it easier and more affordable for American citizens to buy homes.&#8221;
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Vance addressed the U.S. housing crisis on Wednesday, telling supporters in Michigan, “Americans, especially young people, are becoming paupers in their own country. If we don’t do better, our young generation, they’re not going to own anything, they’re not going to have anything, they’re going to be renters in the country that their parents and grandparents built. Inflation is a disaster.&#8221;
Daily Wire Editor Emeritus Ben Shapiro <a href="https://www.dailywire.com/episode/ep-2028-commie-la-harris-soviet-style-joy" target="_blank" rel="noopener">said</a> Harris&#8217; proposal will only &#8220;flush money down the toilet&#8221; because it will give handouts &#8220;to people who cannot afford to pay for the mortgage.&#8221;
He added that all of Harris&#8217;s &#8220;market interventionism is simply a sop to people who want free stuff from the federal government. And by the way, it ain&#8217;t free. We all get to pay for it, or rather, all of our children get to pay for it.&#8221;
Median home prices in the U.S. have skyrocketed under the Biden-Harris administration, hitting a peak of $479,500 in the fourth quarter of 2022. The median home price dropped in 2023, but it remains higher than during the final months of the Trump administration, according to <a href="https://www.rockethomes.com/blog/housing-market/median-home-price-by-state" target="_blank" rel="noopener">Rocket Homes</a>.
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On Friday, Harris also announced a proposal to institute price controls on groceries. Her plan would be “the first-ever federal ban on corporate price-gouging” if it were to go into effect, NBC News reporter Yamiche Alcindor <a href="https://x.com/Yamiche/status/1823909069742096813" target="_blank" rel="noopener">said</a>. Conservatives also blasted Harris for the price control plan, comparing it to the Soviet Union practices that resulted in food shortages.
Trump <a href="https://x.com/TrumpWarRoom/status/1824187031875928343" target="_blank" rel="noopener">slammed</a> Harris on Thursday, saying at a press conference in Bedminster, New Jersey, “Now Kamala is reportedly proposing communist price controls, she wants price controls. And if they worked, I’d go along with it, too, but they don’t work. They actually have the exact opposite impact and effect and it leads to food shortages, rationing, hunger, dramatically more inflation.”

Kamala Ripped For Plan To Give First-Time Homeowners Federal Handouts

Kamala To Propose $25K In Down Payment Assistance For First-Time Homeowners

Ben Shapiro

Federal Government

Young Americans &#8220;are becoming paupers in their own country&#8221; as inflation and housing costs have increased under the Biden-Harris administration, Republican vice presidential nominee JD Vance said on Wednesday.
During his speech in Byron Center, Michigan, Vance focused on the economic woes facing Americans and argued that the younger generation of U.S. adults is experiencing challenges in the housing market that their parents and grandparents did not face.
&#8220;Americans, especially young people, are becoming paupers in their own country. If we don’t do better, our young generation, they’re not going to own anything, they’re not going to have anything, they’re going to be renters in the country that their parents and grandparents built. Inflation is a disaster,&#8221; Vance said, according to <a href="https://www.detroitnews.com/story/news/politics/2024/08/14/jd-vance-speaking-economy-in-kent-county-michigan/74771249007/" target="_blank" rel="noopener">The Detroit News</a>.
<a href="https://www.amiracist.com/">Tickets for “Am I Racist?” are on sale NOW! Buy here for a theater near you.</a>
Median home prices in the U.S. have skyrocketed, hitting a peak of $479,500 in the fourth quarter of 2022, according to <a href="https://www.rockethomes.com/blog/housing-market/median-home-price-by-state" target="_blank" rel="noopener">Rocket Homes</a>. At the end of 2020, the final months of the Trump administration, the median home price was $358,700. Rent prices in the U.S. have also increased by around 19% since 2019, The Washington Post <a href="https://www.washingtonpost.com/business/interactive/2024/rent-average-by-county-change-rising-falling/" target="_blank" rel="noopener">reported</a>, making it harder for young Americans to save money for the increasing costs of owning a home.
While inflation dropped to 2.9% last month, it is still <a href="https://www.usinflationcalculator.com/inflation/current-inflation-rates/" target="_blank" rel="noopener">higher</a> than it was during most of Trump&#8217;s presidency. The inflation rate hit a staggering 9.1% in June 2022 before it began to drop.
<a href="http://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=http://www.amiracist.com/&amp;source=gmail&amp;ust=1723312978172000&amp;usg=AOvVaw1Kuw7_CFpxtIaxl4Gay5PU">WATCH THE TRAILER FOR ‘AM I RACIST?’ — A MATT WALSH COMEDY ON DEI</a>
Vance said a priority of the Trump-Vance administration would be to lower energy costs, which he argued would, in turn, bring down the cost of housing. Trump made similar comments in July when addressing the housing crisis.
&#8220;When the economy gets better, it&#8217;s hard to get better when you have high energy prices,&#8221; Trump <a href="https://www.newsweek.com/how-donald-trump-plans-fix-housing-market-1811663" target="_blank" rel="noopener">told</a> a crowd of supporters in Iowa. &#8220;We&#8217;ll get the prices way down and then the interest rates down and then the home builders will start building again, because nobody can get money from the bank because the interest rate&#8217;s high.&#8221;
The Republican vice presidential candidate and Ohio senator also <a href="https://www.dailywire.com/news/vance-predicts-key-battleground-state-will-become-part-of-red-wall-because-people-are-sick-of-losing-their-livelihoods" target="_blank" rel="noopener">blasted</a> Michigan&#8217;s &#8220;failed leadership,&#8221; saying it has resulted in thousands of jobs disappearing in the Great Lakes State. He predicted the loss of jobs in Michigan would result in voters overwhelmingly turning out in support of Republicans in November.
&#8220;Michigan, people used to call it a blue wall state,&#8221; he said. &#8220;I think Michigan is a red wall state now because people are sick of losing their livelihoods and losing their jobs.&#8221;

Vance: Young Americans ‘Are Becoming Paupers’ Due To Inflation, High Housing Costs

Vance: Young Americans 'Are Becoming Paupers' Due To Inflation

Inflation

Joe Biden

Michigan

The Biden-Harris administration recently <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/07/16/fact-sheet-president-biden-announces-major-new-actions-to-lower-housing-costs-by-limiting-rent-increases-and-building-more-homes/" target="_blank" rel="noopener">proposed</a> capping rent price increases at 5%. The cap would apply to any landlord that owns more than 50 units, which equates to 20 million rental units nationwide, or <a href="https://www.nytimes.com/2024/07/19/business/economy/biden-rent-cap-proposal.html" target="_blank" rel="noopener">roughly 50%</a> of the nation’s total units. I suspect that all Americans agree with the goal of keeping essentials like food, housing, and healthcare affordable. Unfortunately, the proposed price controls – rooted in bad economic assumptions and perhaps some technophobia – are likely to do the opposite.
A third of American households rent, roughly half of which devote <a href="https://www.huduser.gov/portal/pdredge/pdr_edge_featd_article_092214.html" target="_blank" rel="noopener">over 30%</a> of their income to this monthly bill. These renters are frustrated. Rent <a href="https://fred.stlouisfed.org/series/CUUR0000SEHA#0" target="_blank" rel="noopener">inflation</a> is 80% higher under Biden-Harris than in the Trump years. And it’s <a href="https://www.usatoday.com/story/news/politics/elections/2024/05/21/rents-prices-swing-states-voters-disenchanted/72794026007/" target="_blank" rel="noopener">worse</a> in the swing states, where rents have more than doubled over the past four years.
The administration seems to believe its rent cap will counterbalance what it describes as excessive landlord <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/07/16/fact-sheet-president-biden-announces-major-new-actions-to-lower-housing-costs-by-limiting-rent-increases-and-building-more-homes/" target="_blank" rel="noopener">profits</a>, which it contends have come in part from their increasing use <a href="https://www.justice.gov/d9/2023-11/418053.pdf" target="_blank" rel="noopener">of</a> <a href="https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing" target="_blank" rel="noopener">algorithms</a> i.e., computer programs that suggest rental prices based on supply and demand estimates. 
 
The excess profit accusation is simply wrong. In an attempt to corroborate its <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/07/16/fact-sheet-president-biden-announces-major-new-actions-to-lower-housing-costs-by-limiting-rent-increases-and-building-more-homes/" target="_blank" rel="noopener">claim</a>, the White House <a href="https://accountable.us/wp-content/uploads/2024/06/2024-06-10-Research-on-Q1-2024-Housing-Profiteering-FINAL.docx.pdf" target="_blank" rel="noopener">cited</a> Mid-America Apartment Communities and AvalonBay Communities for their respective 6% and 18% increases in profits during the first quarter of 2024. However, the White House <a href="https://www.macrotrends.net/stocks/charts/MAA/mid-america-apartment-communities/net-income" target="_blank" rel="noopener">conveniently</a> <a href="https://www.macrotrends.net/stocks/charts/AVB/avalonbay-communities/net-income" target="_blank" rel="noopener">ignored</a> these companies’ respective 15.5% and 18.3% profit declines in 2023.
The administration’s stoking fears about algorithmic pricing, including through initiating Department of Justice and Federal Trade Commission investigations, is also misplaced.
Today, across most industries, algorithms — powered by machine learning and artificial intelligence — are analyzing large swaths of data to formulate business-guiding insights. Even governments have gotten into the act by using algorithms for numerous purposes, including pricing services. While information generated by these algorithms may sometimes indicate to users that prices can increase, they may also signal that prices should decrease.
Better information on consumers and costs improves price efficiency, and that benefits everyone. Indeed, PricewaterhouseCoopers projects that AI will give North America a <a href="https://www.pwc.com/gx/en/issues/data-and-analytics/publications/artificial-intelligence-study.html" target="_blank" rel="noopener">nearly 15%</a> economic growth boost by 2030 in part due to the improved price efficiency generated by AI.
The housing market has a supply problem, not a price-gouging or technology problem.
Since 2012, the U.S. has <a href="https://www.realtor.com/research/us-housing-supply-gap-feb-2024/" target="_blank" rel="noopener">created</a> about four million fewer housing units than new households, which led to shortages that drove up prices. Prices will subside when housing supply responds.
Austin, TX, serves as an instructive example. In the last three months of 2023, builders <a href="https://realestate.usnews.com/real-estate/housing-market-index/articles/austin-housing-market-forecast#:~:text=In%20the%20last%20three%20months,of%2034%25%20year%20over%20year." target="_blank" rel="noopener">pulled</a> 3,890 single-family building permits (a 25% increase from the same period in 2022) and 5,866 multifamily permits (a 34% increase). Between May 2023 and 2024, prices fell by <a href="https://www.kut.org/austin/2024-06-13/austin-texas-rent-prices-falling-2024" target="_blank" rel="noopener">6%</a>.
Rather than craft rent control policies around assumptions of bad behavior and purported negative effects of algorithms, which the government itself uses and <a href="https://www.uspsoig.gov/sites/default/files/reports/2023-01/CP-AR-19-003.pdf" target="_blank" rel="noopener">hopes</a> to use more, the Biden-Harris administration should address America’s housing problems from the supply-side perspective. The White House’s choice to instead impose new government <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/07/16/fact-sheet-president-biden-announces-major-new-actions-to-lower-housing-costs-by-limiting-rent-increases-and-building-more-homes/" target="_blank" rel="noopener">controls</a> on rents will only decrease housing construction.
Builders are already constructing more high-end units than affordable housing units. That is why, <a href="https://www.jchs.harvard.edu/blog/six-takeaways-americas-rental-housing-2024" target="_blank" rel="noopener">since</a> 2012, the number of units renting for less than $1,000 per month in the U.S. has declined by 6.1 million units while the number of units renting for at least $1,400 grew by 8.4 million units. If the Biden-Harris administration’s rent price cap becomes law, this disparity will grow larger. Builders will have even less incentive to develop new affordable housing options at the new, mandatory discount rate.
The lesson is clear: Market incentives alleviate price and availability problems. More government does not. Hopefully, the Biden-Harris administration comes to the realization sooner rather than later.
* * *
Dr. Mark A Jamison is a nonresident senior fellow at the American Enterprise Institute, where he works on how technology affects the economy. He is also the Director of the Digital Markets Initiative (DMI) at the University of Florida, where he focuses on competition policy and regulation of information technologies, institutional development in regulation, and competition and innovation in the information sectors.
The views expressed in this piece are those of the author and do not necessarily represent those of the Daily Wire.

Austin, Texas Housing Prices Decline Most In Nation

The Biden-Harris Plan To Lower Your Rent Will Actually Inflate It

Biden Administration

Economics

Readers Pass

Renters

White House

Americans are facing a new housing crisis, one that makes the crisis of 2008 look like a mere economic blip.
The housing crisis of <a href="https://www.fool.com/the-ascent/mortgages/subprime-mortgage-crisis/#:~:text=The%20subprime%20mortgage%20crisis%20was,to%20the%20global%20financial%20system.">2008</a> was driven by sub-prime mortgages being approved for people who had no financial means to pay for their homes. Many people had variable rate mortgages, and when those rates froze, or increased, people could no longer afford their monthly mortgage payments.
Housing prices collapsed, and many people, myself included, had mortgages that were “underwater,” meaning we owed more than the home was worth. As a result, approximately $3.4 billion in real estate wealth was destroyed.
Today, we have the opposite problem. There is a dearth of homes on the market, those homes that are for sale are priced at a level that excludes the middle class and young Americans from purchasing their first home. Rents are also sky high.
The 2024 housing crisis was infinitely preventable. It is the direct result of President Biden’s failed economic policies, which pumped trillions of dollars into the economy, driving inflation. As a result, the Federal Reserve was forced to raise interest rates, effectively pricing millions of Americans out of the market.
In the first 20 years of the 21st century, there were approximately 5.5 million fewer homes built than were needed, according to the National Association of <a href="https://www.investopedia.com/the-housing-shortage-is-hurting-almost-every-part-of-the-economy-8636226" target="_blank" rel="noopener">Realtors</a>. In addition, high interest mortgage rates are causing people who want to sell their homes, and move, to sit on their house, as they do not want to lose their low mortgage interest rate, refinanced during COVID.
As a result, the price of homes has increased. By August of 2023, the <a href="https://www.rockethomes.com/blog/housing-market/median-home-price-by-state" target="_blank" rel="noopener">median home price</a> in the United States was at $435,450, up from a <a href="https://www.rockethomes.com/blog/housing-market/timeline-covid-housing-market-trends" target="_blank" rel="noopener">median sales price</a> of $260,345 at the end of 2019, according to Rocket Homes.
<div id="attachment_760775" style="width: 874px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-760775" class="size-large wp-image-760775" src="https://dw-wp-production.imgix.net/2024/07/GettyImages-2120209340-864x576.jpg" alt="Blaine, Minnesota. Homes starting at a half million dollars in Lexington Waters is a community with wetlands, trees, and a variety of home options. it is a HOA Maintained lifestyle. (Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images)" width="864" height="576" srcset="https://dw-wp-production.imgix.net/2024/07/GettyImages-2120209340-864x576.jpg 864w, https://dw-wp-production.imgix.net/2024/07/GettyImages-2120209340-300x200.jpg 300w, https://dw-wp-production.imgix.net/2024/07/GettyImages-2120209340-768x512.jpg 768w, https://dw-wp-production.imgix.net/2024/07/GettyImages-2120209340.jpg 1024w" sizes="(max-width: 864px) 100vw, 864px" />Michael Siluk/UCG/Universal Images Group via Getty Images</div>
Biden’s kowtowing to the green mafia has also driven the price of housing up by <a href="https://www.heritage.org/housing/commentary/green-housing-mandates-are-pushing-americans-more-the-red" target="_blank" rel="noopener">$31,000</a>, according to the Heritage Foundation.
It is nearly impossible for all but the richest Americans to afford to purchase a home. More than 75% of the nation’s <a href="https://www.builderonline.com/data-analysis/three-quarters-of-households-are-priced-out-of-the-housing-market_o#:~:text=More%20than%20three%2Dquarters%20of,a%20home%20priced%20at%20%24435%2C750." target="_blank" rel="noopener">households</a> are unable to purchase a home — which is more than 103 million households.
This is why the profile of people living in their parents’ basement has changed. Those living “downstairs” are no longer the high school drop-outs, smoking weed, and playing video games while eating pizza.
In fact, more than 50% of “Gen Zers,” those people 18- to 25-years-old, are now forced to live at <a href="https://www.midstory.org/homeward-bound-why-gen-z-adults-are-living-with-their-parents-at-record-rates/" target="_blank" rel="noopener">home</a>, because they cannot afford either rent or a mortgage.
And that shouldn’t be a shock. To afford a median-priced home, <a href="https://www.bankrate.com/real-estate/home-affordability-in-current-housing-market-study/#:~:text=on%20housing%20affordability-,To%20afford%20a%20median%2Dpriced%20home%20of%20%24402%2C343%2C%20Americans%20need,since%20the%20start%20of%202020." target="_blank" rel="noopener">Americans</a> need an annual income of more than $110,000, up 46% since 2020. That means that only 18% of <a href="https://www.zippia.com/advice/how-many-people-make-over-100k/" target="_blank" rel="noopener">individuals</a> or 34% of households can now afford to pay the mortgage on a home, let alone save the money for downpayment.
Building new homes may help inventory, but the cost will be high. The cost of construction materials are up more than 35% since the pandemic, according to <a href="https://archinect.com/news/article/150339906/cost-of-construction-materials-remains-37-higher-than-pre-pandemic-according-to-latest-abc-analysis" target="_blank" rel="noopener">ABC</a>.
And even if you can afford a home, you may not be able to afford to insure it, as <a href="https://www.cnbc.com/select/homeowners-insurance-skyrocketing-how-to-lower-premium/" target="_blank" rel="noopener">insurance</a> premiums are up 23% since January 2023.
So, why not rent?
From January 2021, when Biden took office, to June 2022, there was a nearly 25% increase in <a href="https://www.doorloop.com/blog/average-rent-by-year-in-the-united-states#:~:text=Looking%20back%20at%20the%20rates,there%20was%20a%2024.2%25%20increase." target="_blank" rel="noopener">rental</a> rates in the United States. And the trend has only continued.
So, the American housing market is in a death spiral. People such as myself are sitting on cheap mortgages. In fact, nearly 80% of <a href="https://investors.redfin.com/news-events/press-releases/detail/1030/redfin-report-89-of-people-with-mortgages-have-an#:~:text=Below%205%25%3A%2078.7%25%20have,the%20first%20quarter%20of%202022." target="_blank" rel="noopener">Americans</a> have a rate below 5%. Why would they sell in this market? We won’t sell and we won’t move. This reduces the inventory of homes available for sale, driving the cost of housing up for everyone.
When you also factor in that more than 12 million illegals are now in the United States, demanding housing, rental prices will not come down anytime soon.
The next administration must pursue pro-growth, anti-inflation policies. Eliminate regulations that drive the price of housing up and encourage investment. Grow the economy, not by government spending, but via pro-growth policies, which will result in lower interest rates, thereby increasing the inventory of housing on the market.
The solutions to the housing crisis of 2024 are simple. The question is, will the next president have the courage to implement them.
* * *
Jim Nelles is a Navy veteran and supply chain consultant based in Chicago. His articles have appeared in the Washington Examiner, Newsweek, Foxnews.com, and the Daily Wire. He has served as a chief procurement officer, chief supply chain officer, and chief operations officer for multiple companies.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

Suburban Phoenix Master Planned Community Aerial

Welcome To America’s New Housing Crisis

Interest Rates

Not that it needs saying, but the economy is still a mess. Inflation is high, the value of a dollar isn&#8217;t what it used to be, and interest rates are insane. At the same time, most salaries are not increasing, the job market is terrible, and people are struggling to find work. This combination makes it seem as though it’s not at all possible to buy a home. But is it actually impossible?
Boomers often look at young people and say, “Well, interest rates were even higher in my day, and I still managed to buy a home.” The difference is, salaries increased along with the prices of homes. In 2024, that has not happened. As a result, young people are priced out of the market, especially if they are living in metropolitan areas. However, I believe there is a solution to this bad combination of economic woes.
Conversations about starter homes go viral on X all the time. All it takes is one person tweeting something like this, judging people for “skipping over starter homes” and buying houses that are too expensive, contributing to their own financial demise.
<div id="attachment_753629" style="width: 522px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-753629" class="wp-image-753629 size-full" src="https://dw-wp-production.imgix.net/2024/06/ssffd.png" alt="Screenshot: X" width="512" height="122" srcset="https://dw-wp-production.imgix.net/2024/06/ssffd.png 512w, https://dw-wp-production.imgix.net/2024/06/ssffd-300x71.png 300w" sizes="(max-width: 512px) 100vw, 512px" />Screenshot: X</div>
To be fair, he’s correct. Expectations should be in check &#8211; based on where you live and what your salary is. But I do not think this is why people are failing financially, nor do I think he has any idea how much a starter home in 2024 actually is. In most relatively metropolitan areas where people are working and commuting to and from, starter homes start at around $300,000. The replies argued as much:
<div id="attachment_753635" style="width: 522px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-753635" class="wp-image-753635 size-full" src="https://dw-wp-production.imgix.net/2024/06/fds.png" alt="Screenshot: X" width="512" height="72" srcset="https://dw-wp-production.imgix.net/2024/06/fds.png 512w, https://dw-wp-production.imgix.net/2024/06/fds-300x42.png 300w" sizes="(max-width: 512px) 100vw, 512px" />Screenshot: X</div>
<div id="attachment_753633" style="width: 522px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-753633" class="wp-image-753633 size-full" src="https://dw-wp-production.imgix.net/2024/06/fdsa.png" alt="Screenshot: X" width="512" height="85" srcset="https://dw-wp-production.imgix.net/2024/06/fdsa.png 512w, https://dw-wp-production.imgix.net/2024/06/fdsa-300x50.png 300w" sizes="(max-width: 512px) 100vw, 512px" />Screenshot: X</div>
<div id="attachment_753631" style="width: 522px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-753631" class="wp-image-753631 size-full" src="https://dw-wp-production.imgix.net/2024/06/hgfs.png" alt="Screenshot: X" width="512" height="89" srcset="https://dw-wp-production.imgix.net/2024/06/hgfs.png 512w, https://dw-wp-production.imgix.net/2024/06/hgfs-300x52.png 300w" sizes="(max-width: 512px) 100vw, 512px" />Screenshot: X</div>
Now, we have probably all heard the “stop buying avocado toast” argument. When I was in college, my mom would tell me that if I wanted to buy a house someday, I couldn’t spend all my money on Starbucks. I have a love-hate relationship with this statement. On the “love” side, it is true smaller purchases add up. Spending $50 a day on random things here and there ends up being $18,000 at the end of the year. However, on the “hate” side, I think these types of statements trivialize the actual problem at stake, which is that low salaries, high interest rates, and high prices all around make it near impossible to save for a down payment or be able to make a mortgage payment.
Another solution people commonly pose is to live in the middle of nowhere, so you can buy a five-bedroom house for $200,000. While this is true in some parts of the country, many people cannot make this proposed solution work logistically. Although they might be able to afford the house, they might not be able to pull off living in the middle of nowhere because there are no job opportunities, plus schools and grocery stores are 45 minutes away. So, this suggestion just ends up being counterproductive and unhelpful, which some tweets, like this one, are quick to point out:
<div id="attachment_753637" style="width: 522px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-753637" class="wp-image-753637 size-full" src="https://dw-wp-production.imgix.net/2024/06/tfhth.png" alt="Screenshot: X" width="512" height="170" srcset="https://dw-wp-production.imgix.net/2024/06/tfhth.png 512w, https://dw-wp-production.imgix.net/2024/06/tfhth-300x100.png 300w" sizes="(max-width: 512px) 100vw, 512px" />Screenshot: X</div>
The issue of not being able to afford a house is not just relegated to Gen Z. Wall Street Silver went so far as to question if we even have a middle class, tweeting that “homeownership is no longer a staple of the middle-class American Dream.”
<div id="attachment_753639" style="width: 427px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-753639" class="wp-image-753639 size-full" src="https://dw-wp-production.imgix.net/2024/06/yjjyyj.png" alt="Screenshot: X" width="417" height="512" srcset="https://dw-wp-production.imgix.net/2024/06/yjjyyj.png 417w, https://dw-wp-production.imgix.net/2024/06/yjjyyj-244x300.png 244w" sizes="(max-width: 417px) 100vw, 417px" />Screenshot: X</div>
This should not be the case. People should not just shrug it off, saying, “Oh, well, that’s just life in 2024.” And people should not be stuck in this cycle. So, what is the solution? First, we need to vote accordingly. But until we can do that and until circumstances hopefully change, there are steps you can take. This is not a hopeless situation if you truly want to buy a home.
In Nashville, for example, there are very few homes for sale at or around $300,000, and the ones that are at that price point are not in the safest of areas and they would require a fair amount of renovating. So while you might save money on a down payment, you would spend a pretty penny renovating the entire house. Plus, these homes aren’t even in Nashville proper. You would still be looking at a 20- to 30-minute commute.
That means, if you want a house in Nashville, you have to change your expectations. Since you would already be driving at least 20 minutes from an unsafe, not move-in ready home if you bought at $300,000, could you, instead, add an extra 10 minutes to that drive? If you want to own a home, are you willing to sacrifice a shorter drive for a longer one? If so, you could afford a starter home that is clean, move-in ready, and in a safe area.
<h4><a href="https://www.dailywire.com/episode/do-affordable-homes-still-exist" target="_blank" rel="noopener">WATCH: The Comments Section with Brett Cooper</a></h4>
I know this is possible because I know people who have done it — and I am one of them. The farm my husband and I just bought would have never been in our budget had we lived within 20 minutes of work. So, I spend two hours in the car every single day because that is the house I want to go home to, it is the lifestyle I want to have, and it is the place I want to raise our future children. My producer and her husband similarly worked through this decision a couple months ago, and they bought the cutest historical home outside Nashville where they are actually saving on their mortgage, compared to the rent they had been paying. Which is rare in 2024.
All of this to say, buying an affordable home is possible. All the posts and articles that claim the American Dream of owning a home is completely dead just aren’t true. It might be harder, but it is still possible.
You can buy a house, but you must figure out what your priorities are. If you are willing to make some sacrifices, like driving longer to work, it’s entirely possible. If, however, you don’t want to commute, that is ok, and while the market is truly terrible, renting can still be a mostly affordable option.
The point is, you have to decide what you value and what is most important to you. You must choose where you are going to put your money. That may be different than everyone else around you — and that is ok.
For plenty of people, buying a home isn’t the most important next move and they choose to prioritize other things. For example, after college, my husband moved to New York City for five years where he made incredible connections and created an invaluable network for his career. Instead of buying a house at 23 with a stupidly low interest rate, he chose to move and the return on his career investment was significant. But still, he knew NYC was not where he wanted to be long term, so when those five years lapsed, he reprioritized, moved to Nashville, bought a starter home, met me, and the rest is history.
Now, I do not give these examples to trivialize this problem because there is no getting around the fact the American middle class is disappearing, which has never been the case before. I share these anecdotes to hopefully provide a feeling of empowerment and a reality that there are other options. Life is not as black and white as it may seem on X.
I wish everyone could just buy whatever house they want, but that’s not how the world works. It’s true that life isn’t fair and it never has been. But if you are honest with yourself about what you really value, you’ll be able to prioritize to make life more of what you want. Then, all it takes is some creative, unconventional thinking in determining and realizing there is a way to your goals.
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Note: This article has been edited for clarity.

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Yes, The American Dream Is Still Alive. Here’s How To Buy A House In This Market.

Brett Cooper

Real estate

Social Media

Canadian Conservative Party leader Pierre Poilievre, Canadian Prime Minister Justin Trudeau’s arch-foe, gave his usual articulate common-sense answer and cogent criticism of Trudeau when a questioner asked him about the Canada Mortgage and Housing Corporation saying the country needs 5.8 million homes to address its housing crisis.
The questioner said Trudeau’s Liberal Party has claimed that it already has that in the budget and that Poilievre disagreed.
“I don’t disagree; the math disagrees,” Poilievre stated bluntly. “They promised they’re going to double homebuilding. Their own housing agency said since they made that promise, homebuilding has gone down and that it will go down next year and the year after that. Look at my exchange with Trudeau in the House of Commons last week. To get to 3.9 million — forget to 5.9 million — to get to 3.9 million new homes by the scheduled deadline of 2031 that Trudeau promised, he needs to build 550,000 homes a year.”
“I asked him six times in the House of Commons, ‘Are we going to build 550,000 homes this year?’” Poilievre recalled. “He wouldn’t answer. Well, the truth is, he’s on track right now to building about 200,000 homes, not even half of what he’s promised. This is not a matter of me disagreeing; it’s a mathematical fact. He’s not delivering. It’s a mathematical fact that nine years ago when I was Housing Minister, the average rent for a one-bedroom was $973. Now it’s $2,000. These are the facts.”
“Has he spent a lot of money on housing programs? Yes,” Poilievre acknowledged, but pointed out, “He spent $89 billion on housing affordability and the result is that housing costs have doubled. The problem is he’s putting the money into bureaucracy. Government bureaucrats don’t build homes; private sector builders do. Government bureaucrats are in the way. So we need to get the government bureaucracy out of the way and deliver fast, affordable permits to build the homes.”
He got down to bare facts: “One-third of the cost of every newly-built home in Ontario is government permits and taxes. One-third. That’s more than we spend on the labor to build the home. So we’re spending more on the bureaucrats, who don’t build anything, than we do on the carpenters, framers, plumbers, and electricians who build. Isn’t that insane?”
“Like when you buy a house, do you not find it incredible — you have this beautiful house and you say, &#8216;well, where did the money [go]?&#8217;” he said. “I’m buying the house, now say it’s a million dollars. What does the million dollars go to? You know, you break it down: lumber, materials. You think: More money goes to people sitting in government offices than goes to the people swinging the hammers, fitting the pipes, framing the lumber. It doesn’t make sense.”
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“We need to cut the bureaucracy,” he declared. “And that’s why my common sense plan will require cities [to] free up land, speed up permits, cut development charges and fees, as a condition of getting federal funds. If they don’t hit my targets, they won’t get their money, and they’ll be less of those bureaucrats in those corner offices. So, if they beat the target, they’ll get more money. We’re going to pay our municipalities the way we pay realtors and builders: for the number of homes.”
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
The math disagrees with Trudeau. <a href="https://t.co/u5wLixn56A">pic.twitter.com/u5wLixn56A</a>
&mdash; Pierre Poilievre (@PierrePoilievre) <a href="https://twitter.com/PierrePoilievre/status/1798011452206321672?ref_src=twsrc%5Etfw">June 4, 2024</a></blockquote>
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Pierre Poilievre Hosts ‘Axe The Tax Campaign Rally’ In Edmonton

Trudeau’s Conservative Arch-Foe Poilievre Uses Facts To Crush Him On Housing Crisis

Canada

Justin Trudeau

Pierre Poilievre

World

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