1. Tax breaks for first time home buyers 2. Tax breaks for families with a new born 3. Pondering an unrealized capital gains tax
> pontificate on gender-affirming care This is such a hackneyed point and it surprises me that this is something anyone considers. We should be able to walk and chew gum at the same time. Trans issues should not be difficult to 'pontificate' on. There is gender affirming health care for trans individuals, Democrats broadly support those individuals having access to that care. Democrats are also the party that is aggressive on healthcare and supporting government programs for reducing healthcare costs.
In all seriousness, do trans issues actually impact your day to day in any way? Trans people seem to live rent free in people's minds and I only ever hear about it in a political scenario. It seems like the most manufactured issue aside from immigration in recent memory.
The reality with housing is: someone has to take the loss, but we keep choosing to double it and give it to the next generation.
In the current political climate, with the current border policy, that sounds an awful lot like a two-tier entitlements system where the more significant help will go to 'illegal immigrants', 'asylum seekers' etc.
https://abcnews.go.com/Politics/harris-propose-25k-payment-s...
Also $25,000 really doesn't mean much when the entire housing market is set to double or even triple when you look at the last 5 years and project into the future. If your mortgage is still going to be $2,500 for a run-down house that would have cost $40,000 25-30 years ago but it's more like $400,000 and rising now... it's not exactly the 'lift' I think most people want.
Honestly as someone who has been scrimping and saving to try to buy a home for the last 6 years, I would be somewhat annoyed if suddenly every broke first generation person is thrust to first in line for the limited housing supply we have, driving prices up further. The fact that it is specifically structured to exclude people with roots here is kind of a slap in the face -- there is no reason it shouldn't just be tied to income, so suddenly it is needlessly political.
My point isn't really to argue the merits of either approach though - just wanted to give you some insight into why as a 'first time' but not 'first generation' potential home buyer I find her plan to be a short-sighted attempt at grabbing votes. Not that it matters now - clearly there is a mandate to swing the opposite direction we have been going.
I'll also add this though: Under the last Trump presidency, I made literally 50% less than I do now (thankfully got a solid 50% bump right before covid happened) and I had MUCH more disposable income. It's crazy that I am longing for the days and economy where I made $60k and could go out AND save money regularly. Now I have to plan any extra expenses, I have moved back in with family to be able to save, and even without the $1,800 rent payment I am still behind where I was in the last Trump economy.
I can't be the only one.
Yeah, this was my reaction to it as well. The only real way to bring down housing prices is to drastically increase the housing supply and find a way to prevent companies like Blackrock from snapping them up and leaving them empty to keep rental prices high. The "enemy within" is actually PE firms...
This is exactly the change that needs to happen - the fact that entire subdivisions of housing are being built specifically so these multi-national conglomerates can use them as an investment vehicle, AND all the existing homes are being snatched up by them is criminal in my eyes.
The most impactful thing anyone could do to improve the housing situation in this country is to prevent these operations from using single family homes as investment vehicles. I don't know the 'exact right' way to achieve this - but I'm certain the exact legislative language could be hammered out to make things better for EVERYBODY except the bottom feeders.
I'll put it this way: When I was making $60k 5 years ago, a night out for two in my preferred 'fun time out' would be: $35 concert ticket x 2, $20 ride x 2(to and from show to avoid dangerous driving), $6 drink x 6/2 -- so a complete fun time out was roughly $140
Now the same concert venue and ticket is $85 x 2, the ride is $40 x2, the drinks (if you don't abstain due to the previous costs) are $14 x 6 and suddenly $140 turned into $354 (more than double). And honestly depending on the day or event that could be more.
This is just one example of how 'going out and enjoying life outside your cubicle' has easily doubled in cost.
You can zoom in on any portion of the economy and find similar. Laundry detergent isn't only up 20%. Gas isn't only up 20%. Insurance isn't up 20%. Groceries have easily doubled, regardless of which basket item you decide to focus in on to obscure that.
Great question though - How have they managed to crash the 'living wage' economy so badly that I either have to live like a broke college student with six figures, when I used to be able to go out weekly.
Averaging out the inflation across the economy doesn't really work for those of us 'making it' -- but if you already made it and the increase in price for laundry detergent, gas, food, or whatever else doesn't actually impact you I'm sure it's difficult to see how bad things have got.
I think you'd have to ask Biden or Yellen or someone in the outgoing administration exactly how they pulled it off though.
EDIT: This graph actually does a decent job of demonstrating that exactly what I experience was happening nationally: https://media.gettr.com/group28/getter/2021/12/14/02/c8e93c4...
The inversion happened in April of 2021 per the graph, and per my memory.
I don't know. I've seen prices go up, but I honestly think people are exaggerating. I buy groceries and food too. I don't spend anywhere close to double what I did even 10 years ago.
But yeah, he 100% can take a different direction than the administration that printed more USD than had previously existed in the entirety of the countries history.
'Trump can't wave a magic wand and un-do what the current admin did, so it doesn't make sense to change directions best to stick with the current administration that doesn't think there is anything they could or should have done different' is not the rationale for my position.
Just look at how the stock market responded today - clearly I'm not the only person who thinks 'this will position our economy much better than it is today'.
This is simple economics.