RFK Jr's Plan to Make Home-Buying Affordable Again!
Robert F. Kennedy Jr. proposed several policies aimed at making home buying more affordable in the United States.
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Key components of his proposed plan include:
1. Making homeownership more accessible via government-backed mortgages at a 3% interest rate.
Kennedy suggested that this approach would reduce the average mortgage payment by approximately $1,000 per month.
He proposed financing this program through the sale of tax-free bonds, aiming to alleviate the financial burden on new homebuyers without increasing national debt.
"I'm going to give everybody a rich uncle, Uncle Sam, who will guarantee mortgages for first-time single-family homebuyers at 3% "
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- RFK Jr. describing his proposed affordable housing program
​ 2. Addressing Corporate Influence and Economic Inequality:
Kennedy emphasizes reducing the influence of large corporations and Wall Street on government policies. By curbing corporate tax loopholes and increasing taxes on the wealthy, he aims to create a more equitable economic environment that supports the middle class, potentially easing the financial burden on prospective homebuyers.​
In particular there's been a pattern of Gigantic investment firms such as Statestreet, Vanguard and... one other one - directly or indirectly buying private residences - dramatically driving up the price for would-be first time home owners. RFK proposed new financial rules that would disincentivize these mega-corporations from making home-buying near impossible for the average American.
3. Redirecting Military Spending to Infrastructure and Housing
Kennedy proposed reallocating funds from military expenditures to
domestic infrastructure projects, including housing. This reallocation is intended to stimulate economic growth and improve living conditions, indirectly contributing to housing affordability.​
4. Supporting Wage Increases and Labor Rights
Kennedy supports raising the minimum wage to $15 and enhancing union support. By increasing workers' incomes, he aims to improve their ability to afford home purchases.
These proposals reflect Kennedy's commitment to addressing economic disparities and making homeownership more accessible to Americans.