Kamala Harris Tackles Homeownership

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Wall Street homeownership

Bored Bat

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Kamala Harris wants to stop Wall Street’s homebuying spree

Summary

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74% Informative

Kamala Harris wants to crack down on Wall Street investors who buy up and mark up homes in bulk.

The Vice President wants Congress to pass the 'Stop Predatory Investing Act' The housing market has become increasingly unaffordable, particularly for first -time homebuyers.

The median sale price of a home in June rose 4% from a year ago to $ 442,451 .

Harris plans to order the construction of 3 million new housing units to help ease the supply shortage over the course of four years .

Harris would introduce a tax incentive for homebuilders who build starter homes sold to first -time homebuyers.

The Department of Housing and Urban Development announced $100 million in funding to reduce barriers to affordable housing construction.

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Informative language

Neutral language

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formal

Language

English

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