We can’t talk about building more homes without talking about home insurance. Also, an update to the American Dream risk model.
Housing Policy
Kamala Harris released her economic proposals to an array of pushback1 and support2. For both candidates, it’s all sentiment and messaging - vibes, some might say. But, she also announced some concrete policies around housing, including:
The construction of 3 million new housing units over 4 years
Up to $25,000 in down-payment support for first-time homebuyers.3
A $10,000 tax credit for first-time homebuyers.
Tax incentives for builders that build starter homes sold to first-time buyers and for building affordable rental housing.
A new $40 billion innovation fund to spur innovative housing construction.
Repurposing some federal land for affordable housing.
A ban on algorithm-driven price-setting tools for landlords to set rents.
Removing tax benefits for investors who buy large numbers of single-family rental homes
Only two are demand-centric (2 and 3), one…
