In our latest edition of Real Estate Connection, we’re diving into a critical comparison between the housing policies of Donald Trump and Kamala Harris. With the housing market facing dynamic shifts, understanding these contrasting approaches could provide valuable insights, whether you’re a homeowner, investor, or prospective buyer.
Trump vs. Harris Housing Policy Breakdown
Our side-by-side analysis focuses on five key policy areas:
1.Regulation Approach
- Trump: Emphasizes reduced federal regulations, allowing local governments more control over housing initiatives. Repealed the Affirmatively Furthering Fair Housing (AFFH) rule.
- Harris: Supports federal involvement in affordable housing, with direct funding and development focus.
2.Homeownership and Tax Policies
- Trump: Advocated tax cuts impacting high-cost housing and wealthy homeowners, and proposed privatizing mortgage giants Fannie Mae and Freddie Mac.
- Harris: Proposes a $25,000 down payment assistance for first-time buyers and rent relief for low- and middle-income Americans.
3.Economic Development in Low-Income Areas
- Trump: Promoted real estate investment in low-income areas through Opportunity Zones, though critics argue this policy favors wealthier investors.
- Harris: Advocates for racial equity in housing, aiming to reinstate the AFFH and combat housing discrimination.
4.Corporate and Landlord Oversight
- Trump: No direct policy on corporate oversight or rent control.
- Harris: Focuses on regulating corporate landlords, rent caps, and addressing predatory practices by large investors.
5.Federal Land Use for Housing
- Trump: Supports using federal land for housing development and affordability solutions.
- Harris: No explicit stance on federal land use for housing.
What This Means for You
Understanding these policies can help you make informed decisions, whether you’re navigating buying your first home, investing in real estate, or exploring development opportunities.