RFK Jr.’s Views on the Housing Crisis Facing America

Affordable Housing within Reach

The American dream of homeownership is increasingly elusive.

Soaring mortgage rates, escalating home prices, and flat wages are making it difficult for many Americans to own a home.

Additionally, large investment firms are snapping up properties, further inflating home and rental prices.

Alarming Trends in Homeownership:

• The U.S. has seen the steepest decline in homeownership since the Great Depression.
• From 2021 to 2022, we lost over two million homeowners, surpassing losses during the 2008 housing crisis.
• Home prices jumped from $250,000 in 2019 to $400,000 in 2023.
• Mortgage rates have more than doubled since 2019, pushing the average monthly payment from $1,050 to over $2,600.
• Adjusted for inflation and taxes, take-home pay has decreased by 9%.
• Projections show that by 2030, 60% of single-family homes could be corporate-owned.

This shift puts homeownership out of reach for many, especially younger generations who now see it as an unattainable dream, with the risk of becoming perpetual renters under corporate landlords.

RFK Jr.’s Housing Strategy: Reclaiming the Dream

RFK Jr. proposes bold measures to restore affordable homeownership and ensure it is within reach for working families:

• Innovative Financing: Introduce tax-free 3% government-backed mortgage bonds to reduce interest rates to or below 2019 levels. This approach, akin to a financial boost from “Uncle Sam,” aims to cut the typical home-buying costs by $1,000 monthly, with minimal taxpayer burden.
• Revitalizing Unused Properties: Encourage the redevelopment of derelict lands and buildings. This policy will incentivize local authorities to reintroduce these assets into the market, increasing housing availability.
• Zoning Reforms: Advocate for zoning law modifications to permit auxiliary dwelling units, like granny flats. This will not only increase housing supply but also enable homeowners to generate rental income.
• Tax Code Adjustments: Small yet impactful changes to the tax code will discourage corporate investments in single-family homes. Adjusting business depreciation rules and reforming enterprise zones are steps toward reducing gentrification.

RFK Jr.’s vision is clear: make homeownership a realistic and affordable option for millions of Americans, reducing corporate dominance in the housing market.

This comprehensive strategy aims to secure a future where more Americans can own a home and invest in their communities.

Explore RFK Jr.’s Perspectives on Housing

Find out more about RFK Jr.’s detailed housing policies and their role in preserving the American dream.

You can also delve into his broader policy framework and values addressing the current issues in America, including his innovative approaches to economic recovery, ending continuous foreign engagements, and promoting environmental sustainability.

Now is the time for authentic change, a revival of fairness, and a dedication to an economy that truly represents the effort of its workforce.

Let’s unite to restore the vision of American prosperity.