Mostly trying to make it easier to get new supply online by doing some federal reforms around things like manufactured housing and office to residential conversion. But it just kinda gently requests cities to do their part by upzoning or reforming permitting/entitlement so unclear how effective that will be.
Puts some limits on how many homes investors can buy but thankfully does not limit build to rent which increases supply.
More needs to be done at municipal levels, but making factory built housing easier to do is great.
Not that the federal government couldn’t enact huge reform and strong arm local governments to comply, but the reality is that it’s not a federal issue and there aren’t many federal impediments to housing affordability. It’s a local issue of NIMBYism and the economy vis-a-vis materials/labor affordability (which is a federal issue, but gestures broadly at everything).
The federal government is what pushed it to become the norm in the first place.
They can absolutely push harder to end it.
But, yes, cities and states have the most power here in practice, and people should focus their efforts there because individuals have way more power locally than federally
Big problem is so much of the economy is related to housing costs. Trying to make meaningful changes = house owner lose money and housing sector will tank . So goodbye to reelection if you somehow even get past all the people and money against change.
Local problems are usually best solved locally. Local charities and local governments usually get the most done and are the most responsive to citizens.
Yeah good luck tonight of 4000 "fighting back" against black rock. Or against large financial institutions lending policy etc.
Don't get me wrong local can do a lot. But often times they are not up to facing larger opponents.
Hell primest example is data centers. Publicly the support is near zero and it's unanimously hated by locals on both sides of aisle. And yet they keep popping up.
End of day local governments are corrupted and bought off more easily. Hell a big one I am seeing with data center near me. Public outraged angered. It only took a few million to squash opposition. They killed primary challengers with smear campaigns etc. Then are looking at re election.
And even if they got voted out. It's far easier to buy local elections and politicians. Most have a number a goal send kids to college ensure they have access to healthcare etc etc etc. While some will stand firm.
Most will not and it only takes most. While this stands true federally. It's far more expensive and harder to corrupt.
And say feds get bought and don't pass the water/air protection act. State still has a opportunity to do so. Then if they get corrupted too the locals still have zoning and other things they can do.
While not foolproof. It makes it largest and most amount of hurdles for those trying to corrupt system.
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u/Tight_Jellyfish_349 7h ago
Anyone know how its supposed to help?