Obama wants to mess with real-estate

[TroglocratsRdumb]

MSN

Barack Obama has called for the reform of "outdated" housing market regulations to allow the construction of new homes across the U.S. and alleviate a supply shortage that has driven up prices in the past few years.

"We can't just rely on the ideas of the past, we need to chart a new way forward to meet the challenges of today. And Kamala understands this," Obama told the crowd gathered at the United Center in Chicago for the Democratic National Convention on Tuesday.

"She knows for example that if we want to make it easier for more young people to buy a home, we need to build more units and clear away some of the outdated laws and regulations that made it harder to build homes for working people in this country," the former president added, as the crowd roared in response. "This is a priority. And she has put out a bold new plan to do just that."

Kamala Harris, the Democratic nominee, said she will build 3 million new homes by the end of her first term if elected president to ease the shortage and boost homeownership. Speaking in Raleigh, North Carolina, last week, the vice president said she will fight to "end America's housing shortage," including by cutting "red tape" at the local and state level, addressing existing delays and restrictions to housing production.

Comment:
The idiot Democrats caused the Great Recession with their mortgage policies.
They forced banks to make home loans to people who could not pay them back.
When the Democrats mess with the free market, they create more problems.
Do you believe that Kamala Harris could build 3 million houses?
Maybe those 30 million illegal border crossers are causing a housing shortage.

 

[shockedcanadian]

The man had eight years in office why didn't he do something then?

 

[Doc7505]

The man had eight years in office why didn't he do something then?

~~~~~~
Come on man... Obama did do something about it. Before he left the presidency he bought a house in D.C., one in Martha's Vineyard and a home in Oahu Hawaii.
That includes the home the Obama's owned before he elected president.

President Barack Obama’s Hawaii Beach House Being Built on Idyllic Site of ‘Magnum, P.I.’ Mansion | American Luxury

Turns out, our hunch was more or less correct. President Barack Obama’s new estate in Hawaii will be built on the site of the mansion used as a primary location for the 1980s hour-long action TV show Magnum P.I. The property is located on the southeastern tip of Oahu. The Obamas’ friend Marty...

www.amlu.com

**********​

Inside Barack And Michelle Obama's Gorgeous D.C. Home - The List

In January 2017, President Barack Obama, along with Michelle, Malia and Sasha transitioned out of the White House, but they didn't return to their former Chicago home. Instead, they remained in Washington D.C. Let's take a peak inside the $8.1 million mansion that the Obamas call home.

www.thelist.com

**********​

Tour Barack and Michelle Obama’s Martha's Vineyard home – a coastal retreat on the beautiful Massachusetts island

The luxury estate pays homage to its prestigious zipcode – comprising soothing neutral interiors and a verdant yard overlooking the Atlantic

www.homesandgardens.com

 

[Auld Phart]

MSN

Barack Obama has called for the reform of "outdated" housing market regulations to allow the construction of new homes across the U.S. and alleviate a supply shortage that has driven up prices in the past few years.

"We can't just rely on the ideas of the past, we need to chart a new way forward to meet the challenges of today. And Kamala understands this," Obama told the crowd gathered at the United Center in Chicago for the Democratic National Convention on Tuesday.

"She knows for example that if we want to make it easier for more young people to buy a home, we need to build more units and clear away some of the outdated laws and regulations that made it harder to build homes for working people in this country," the former president added, as the crowd roared in response. "This is a priority. And she has put out a bold new plan to do just that."

Kamala Harris, the Democratic nominee, said she will build 3 million new homes by the end of her first term if elected president to ease the shortage and boost homeownership. Speaking in Raleigh, North Carolina, last week, the vice president said she will fight to "end America's housing shortage," including by cutting "red tape" at the local and state level, addressing existing delays and restrictions to housing production.

Comment:
The idiot Democrats caused the Great Recession with their mortgage policies.
They forced banks to make home loans to people who could not pay them back.
When the Democrats mess with the free market, they create more problems.
Do you believe that Kamala Harris could build 3 million houses?
Maybe those 30 million illegal border crossers are causing a housing shortage.

if she does, the government will subsidize them as low income to house the millions of aliens she's going to allow in.

 

[TroglocratsRdumb]

When Obama was a "community organizer" he sued banks to force them to make home loans to unqualified barrowers.
Bill Clinton also messed with the housing market.

Clinton's Legacy: The Financial and Housing Meltdown​

Clinton, however, sowed the seeds of the Great Recession by helping to inflate the housing bubble, a key part of the financial debacle of 2007. But this wasn't because he (not George W. Bush...

 

[Crepitus]

MSN

Barack Obama has called for the reform of "outdated" housing market regulations to allow the construction of new homes across the U.S. and alleviate a supply shortage that has driven up prices in the past few years.

"We can't just rely on the ideas of the past, we need to chart a new way forward to meet the challenges of today. And Kamala understands this," Obama told the crowd gathered at the United Center in Chicago for the Democratic National Convention on Tuesday.

"She knows for example that if we want to make it easier for more young people to buy a home, we need to build more units and clear away some of the outdated laws and regulations that made it harder to build homes for working people in this country," the former president added, as the crowd roared in response. "This is a priority. And she has put out a bold new plan to do just that."

Kamala Harris, the Democratic nominee, said she will build 3 million new homes by the end of her first term if elected president to ease the shortage and boost homeownership. Speaking in Raleigh, North Carolina, last week, the vice president said she will fight to "end America's housing shortage," including by cutting "red tape" at the local and state level, addressing existing delays and restrictions to housing production.

Comment:
The idiot Democrats caused the Great Recession with their mortgage policies.
They forced banks to make home loans to people who could not pay them back.
When the Democrats mess with the free market, they create more problems.
Do you believe that Kamala Harris could build 3 million houses?
Maybe those 30 million illegal border crossers are causing a housing shortage.

Bank deregulation caused that, not housing policy.

 

[shockedcanadian]

~~~~~~
Come on man... Obama did do something about it. Before he left the presidency he bought a house in D.C., one in Martha's Vintard and a home in Oahu Hawaii.
That includes the home the Obama's owned before he elected president.

President Barack Obama’s Hawaii Beach House Being Built on Idyllic Site of ‘Magnum, P.I.’ Mansion | American Luxury

Turns out, our hunch was more or less correct. President Barack Obama’s new estate in Hawaii will be built on the site of the mansion used as a primary location for the 1980s hour-long action TV show Magnum P.I. The property is located on the southeastern tip of Oahu. The Obamas’ friend Marty...

www.amlu.com

**********​

Inside Barack And Michelle Obama's Gorgeous D.C. Home - The List

In January 2017, President Barack Obama, along with Michelle, Malia and Sasha transitioned out of the White House, but they didn't return to their former Chicago home. Instead, they remained in Washington D.C. Let's take a peak inside the $8.1 million mansion that the Obamas call home.

www.thelist.com

**********​

Tour Barack and Michelle Obama’s Martha's Vineyard home – a coastal retreat on the beautiful Massachusetts island

The luxury estate pays homage to its prestigious zipcode – comprising soothing neutral interiors and a verdant yard overlooking the Atlantic

www.homesandgardens.com

He decreased the supply. Nice guy :O

 

[Mikeoxenormous]

MSN

Barack Obama has called for the reform of "outdated" housing market regulations to allow the construction of new homes across the U.S. and alleviate a supply shortage that has driven up prices in the past few years.

"We can't just rely on the ideas of the past, we need to chart a new way forward to meet the challenges of today. And Kamala understands this," Obama told the crowd gathered at the United Center in Chicago for the Democratic National Convention on Tuesday.

"She knows for example that if we want to make it easier for more young people to buy a home, we need to build more units and clear away some of the outdated laws and regulations that made it harder to build homes for working people in this country," the former president added, as the crowd roared in response. "This is a priority. And she has put out a bold new plan to do just that."

Kamala Harris, the Democratic nominee, said she will build 3 million new homes by the end of her first term if elected president to ease the shortage and boost homeownership. Speaking in Raleigh, North Carolina, last week, the vice president said she will fight to "end America's housing shortage," including by cutting "red tape" at the local and state level, addressing existing delays and restrictions to housing production.

Comment:
The idiot Democrats caused the Great Recession with their mortgage policies.
They forced banks to make home loans to people who could not pay them back.
When the Democrats mess with the free market, they create more problems.
Do you believe that Kamala Harris could build 3 million houses?
Maybe those 30 million illegal border crossers are causing a housing shortage.

Sounds very Soviet of the brown turb Obammy. Lets build a lot of shitty homes, and put people in them and after a few years, when buildings collapse, all those people will die, and Climate Change can work.

 

[Mikeoxenormous]

The man had eight years in office why didn't he do something then?

Because it was all Bush's fault. Dont you remember?

 

[Doc7505]

When Obama was a "community organizer" he sued banks to force them to make home loans to unqualified barrowers.
Bill Clinton also messed with the housing market.

Clinton's Legacy: The Financial and Housing Meltdown​

Clinton, however, sowed the seeds of the Great Recession by helping to inflate the housing bubble, a key part of the financial debacle of 2007. But this wasn't because he (not George W. Bush...

~~~~~~

Clinton's Legacy: The Financial and Housing Meltdown

Clinton sowed the seeds of the Great Recession by helping to inflate the housing bubble.

reason.com

**********​

Clinton Housing Policy Wrecked Economy, Not 1%

Election '16: With typical gall, Hillary Clinton in her campaign launch lit into "those at the top" for "stacking" the deck against middle-class families when in fact they are buried... Read More

www.investors.com

 

[jotathought]

How do you demand building three million new homes and boosting home ownership? Housing evaluation isn't going to go down magically, especially with the higher interest rates. Lowering the interest rate will drive demand and not make them go down -- especially if she plans to print money and introduce more government spending into the economy.

#kamalanomics

 

[whitehall]

The democrat plan usually boils down to fascism doesn't it?

 

[struth]

MSN

Barack Obama has called for the reform of "outdated" housing market regulations to allow the construction of new homes across the U.S. and alleviate a supply shortage that has driven up prices in the past few years.

"We can't just rely on the ideas of the past, we need to chart a new way forward to meet the challenges of today. And Kamala understands this," Obama told the crowd gathered at the United Center in Chicago for the Democratic National Convention on Tuesday.

"She knows for example that if we want to make it easier for more young people to buy a home, we need to build more units and clear away some of the outdated laws and regulations that made it harder to build homes for working people in this country," the former president added, as the crowd roared in response. "This is a priority. And she has put out a bold new plan to do just that."

Kamala Harris, the Democratic nominee, said she will build 3 million new homes by the end of her first term if elected president to ease the shortage and boost homeownership. Speaking in Raleigh, North Carolina, last week, the vice president said she will fight to "end America's housing shortage," including by cutting "red tape" at the local and state level, addressing existing delays and restrictions to housing production.

Comment:
The idiot Democrats caused the Great Recession with their mortgage policies.
They forced banks to make home loans to people who could not pay them back.
When the Democrats mess with the free market, they create more problems.
Do you believe that Kamala Harris could build 3 million houses?
Maybe those 30 million illegal border crossers are causing a housing shortage.

She wants to tax unrealized capital gains…nobody will be able to afford a house

 

[Hellokitty]

MSN

Barack Obama has called for the reform of "outdated" housing market regulations to allow the construction of new homes across the U.S. and alleviate a supply shortage that has driven up prices in the past few years.

"We can't just rely on the ideas of the past, we need to chart a new way forward to meet the challenges of today. And Kamala understands this," Obama told the crowd gathered at the United Center in Chicago for the Democratic National Convention on Tuesday.

"She knows for example that if we want to make it easier for more young people to buy a home, we need to build more units and clear away some of the outdated laws and regulations that made it harder to build homes for working people in this country," the former president added, as the crowd roared in response. "This is a priority. And she has put out a bold new plan to do just that."

Kamala Harris, the Democratic nominee, said she will build 3 million new homes by the end of her first term if elected president to ease the shortage and boost homeownership. Speaking in Raleigh, North Carolina, last week, the vice president said she will fight to "end America's housing shortage," including by cutting "red tape" at the local and state level, addressing existing delays and restrictions to housing production.

Comment:
The idiot Democrats caused the Great Recession with their mortgage policies.
They forced banks to make home loans to people who could not pay them back.
When the Democrats mess with the free market, they create more problems.
Do you believe that Kamala Harris could build 3 million houses?
Maybe those 30 million illegal border crossers are causing a housing shortage.

Right they really want to try and up TRUMP when it comes to property development. When Obama was in office he wanted to put low income housing in high income neighborhoods. And we all know how that works it's high income neighborhood but their own.

 

[BluesLegend]

MSN

Barack Obama has called for the reform of "outdated" housing market regulations to allow the construction of new homes across the U.S. and alleviate a supply shortage that has driven up prices in the past few years.

"We can't just rely on the ideas of the past, we need to chart a new way forward to meet the challenges of today. And Kamala understands this," Obama told the crowd gathered at the United Center in Chicago for the Democratic National Convention on Tuesday.

"She knows for example that if we want to make it easier for more young people to buy a home, we need to build more units and clear away some of the outdated laws and regulations that made it harder to build homes for working people in this country," the former president added, as the crowd roared in response. "This is a priority. And she has put out a bold new plan to do just that."

Kamala Harris, the Democratic nominee, said she will build 3 million new homes by the end of her first term if elected president to ease the shortage and boost homeownership. Speaking in Raleigh, North Carolina, last week, the vice president said she will fight to "end America's housing shortage," including by cutting "red tape" at the local and state level, addressing existing delays and restrictions to housing production.

Comment:
The idiot Democrats caused the Great Recession with their mortgage policies.
They forced banks to make home loans to people who could not pay them back.
When the Democrats mess with the free market, they create more problems.
Do you believe that Kamala Harris could build 3 million houses?
Maybe those 30 million illegal border crossers are causing a housing shortage.

Did he say this from the balcony of one of his $10 million dollar homes? (Blues said with extreme sarcasm)

 

[BluesLegend]

The democrat plan usually boils down to fascism doesn't it?

It's clear Obama wants Russia/China style government housing.

 

[toobfreak]

Barack Obama has called for the reform of "outdated" housing market regulations to allow the construction of new homes across the U.S.

Who the fck cares what that Kenyan Kocksucker calls for?! Maybe he should run for office in the House and propose it to somebody actually important.

 

[Resnic]

What we have works just fine

The problem is a lot of young people are lazy, weak, stupid, entitled and soft. They don't want to work towards having a job where they can afford a home. They don't want to start small and build. They expect everything to be handed to them. They think if they graduate with a liberal arts degree they will make 120k a year.

And, our economy sucks for a wide array of reasons self inflicted by our own government.

 

[IDIOCRACY]

What we have works just fine

The problem is a lot of young people are lazy, weak, stupid, entitled and soft. They don't want to work towards having a job where they can afford a home. They don't want to start small and build. They expect everything to be handed to them. They think if they graduate with a liberal arts degree they will make 120k a year.

And, our economy sucks for a wide array of reasons self inflicted by our own government.

Not quite true. It takes double the income to buy a house today than just over 3 years ago.

I don't have my analysis in front of me, but around the 1950s or 60s, the average (or median) house was approx. 2-3 times the average (or median) annual household wage. Since then it's increased every decade, and as of last year an average (or median) house is 9-11 times the average (or median) annual household wage. That's how I remember it, it's simple to look up.