Harris has a solution for one of the main economic issues facing the United States. This is how it applies to you.

On Friday, Vice President Kamala Harris is anticipated to present her proposal to lower the cost of housing. While some analysts applauded Harris’s proposals to help buyers, others expressed concern that other aspects of her plan would make the market’s issues worse.

All Americans, regardless of political affiliation, can agree that renting is costly and that purchasing a home might often seem unattainable.

Harris has a solution for one of the main economic issues facing the United States. This is how it applies to you.
Harris has a solution for one of the main economic issues facing the United States. This is how it applies to you.

Although there are many contributing factors to the housing affordability crisis in America, supply and demand—two concepts you studied in Econ 101—are the main culprits. Due to sellers holding onto their properties and waiting to buy because they fear that historically high mortgage rates would make their next place to live too expensive, there are unusually few residences available on the market. Despite exorbitant costs and rates, demand surged during the pandemic and never stopped.

The housing affordability crisis may not be as bad as it seems, but competition in the market is still fierce. For this reason, voters in the 2024 presidential election will prioritize housing.

Related Posts

Aviation Products Liability Insurance: Protecting Manufacturers

Aviation products liability insurance is a specialised type of insurance designed to protect manufacturers of aviation products from liability claims arising from defects or malfunctions in their products. This insurance…

Read more

Continue reading
GHACEM’s Price Reduction: A Boost to the Construction Industry

In a significant development for the construction industry and consumers, GHACEM has reduced the price of its cement from GHS 120 to GHS 82 per bag. This substantial price drop…

Read more

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Aviation Products Liability Insurance: Protecting Manufacturers

  • By djfly
  • May 19, 2025
  • 8 views
Aviation Products Liability Insurance: Protecting Manufacturers

Airport Insurance: Protecting the Hub of Aviation

  • By djfly
  • May 19, 2025
  • 11 views
Airport Insurance: Protecting the Hub of Aviation

Airline Insurance: Protecting the Skies

  • By djfly
  • May 19, 2025
  • 10 views
Airline Insurance: Protecting the Skies

GHACEM’s Price Reduction: A Boost to the Construction Industry

  • By djfly
  • May 19, 2025
  • 38 views
GHACEM’s Price Reduction: A Boost to the Construction Industry

‘I Am Not Gay, and I Will Never Be

  • By djfly
  • May 18, 2025
  • 37 views
‘I Am Not Gay, and I Will Never Be

Nana Agradaa Sued for Defamation Over Comments About Gifty Adorye

  • By djfly
  • May 17, 2025
  • 229 views
Nana Agradaa Sued for Defamation Over Comments About Gifty Adorye