"As president, I will work in partnership with industry to build the housing we need, both to rent and to buy. We will take down barriers and cut red tape, including at the state and local levels. (Applause.) And by the end of my first term, we will end America’s housing shortage by building 3 million new homes and rentals that are affordable for the middle class, and we will do that together. We will do that together. (Applause.) And — and we will make sure those homes actually go to working- and middle-class Americans — (applause) — not just investors. Because, you know, some corporate landlords — some of them buy dozens, if not hundreds, of houses and apartments. Then they turn them around and rent them out at extremely high prices, and it can make it impossible, then, for regular people to be able to buy or even rent a home. Some corporate landlords collude with each other to set artificially high rental prices, often using algorithms and price-fixing software to do it. It’s anticompetitive, and it drives up costs. I will fight for a law that cracks down on these practices. (Applause.) We also know that as the price of housing has gone up, the size of down payments have gone up as well. Even if aspiring homeowners save for years, it often still is not enough. So, in addition, while we work on the housing shortage, my administration will provide first-time homebuyers with $25,000 to help with the down payment on a new home. (Applause.) We can do this. We can do this, all to help more Americans experience the pride of homeownership and the financial security that it represents and brings." https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/08/16/remarks-by-vice-president-harris-at-a-campaign-event-in-raleigh-nc/
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Date: 2024-08-29 03:15 pm (UTC)And by the end of my first term, we will end America’s housing shortage by building 3 million new homes and rentals that are affordable for the middle class, and we will do that together. We will do that together. (Applause.)
And — and we will make sure those homes actually go to working- and middle-class Americans — (applause) — not just investors. Because, you know, some corporate landlords — some of them buy dozens, if not hundreds, of houses and apartments. Then they turn them around and rent them out at extremely high prices, and it can make it impossible, then, for regular people to be able to buy or even rent a home.
Some corporate landlords collude with each other to set artificially high rental prices, often using algorithms and price-fixing software to do it. It’s anticompetitive, and it drives up costs. I will fight for a law that cracks down on these practices. (Applause.)
We also know that as the price of housing has gone up, the size of down payments have gone up as well. Even if aspiring homeowners save for years, it often still is not enough.
So, in addition, while we work on the housing shortage, my administration will provide first-time homebuyers with $25,000
to help with the down payment on a new home. (Applause.)
We can do this. We can do this, all to help more Americans experience the pride of homeownership and the financial security that it represents and brings."
https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/08/16/remarks-by-vice-president-harris-at-a-campaign-event-in-raleigh-nc/