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Trump abruptly cancels plan to sign bipartisan bill aimed at lowering cost of housing unless Senate approves Save America Act (www.theguardian.com)

submitted 1 month ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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In a statement on social media, Trump said: “Today’s Housing News Conference and Signing is hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT, which I consider to be a National Emergency.”

A day earlier, the House of Representatives approved the 21st Century Road to Housing Act, which is intended to lower rents and home prices by reducing federal regulations, streamlining environmental reviews, speeding up the construction process and curbing the influence of corporate landlords by limiting their ability to purchase single-family homes.

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[–] GeeDubHayduke@lemmy.dbzer0.com 9 points 1 month ago (3 children)

Coffee isn't ready yet, so I'm basing this entirely on the blurb:

A day earlier, the House of Representatives approved the 21st Century Road to Housing Act, which is intended to lower rents and home prices by reducing federal regulations,

That sounds bad.

streamlining environmental reviews,

That definitely sounds worse.

speeding up the construction process

More bad.

and curbing the influence of corporate landlords by limiting their ability to purchase single-family homes.

That last one sounds like it's a good thing, until you take a second to consider the source. Most likely it aids his buddies somehow.

Do we really want this signed?

[–] tmyakal@infosec.pub 6 points 1 month ago

The last one isn't as impactful as it sounds. "Corporate" landlords are anyone with more than 10 properties. Something like 60% of the market is Mom-and-Pop landlords that only own five or six houses.

We need crippling progressive taxes for each residence owned beyond your primary.

[–] resipsaloquitur@lemmy.cafe 4 points 1 month ago* (last edited 1 month ago)

Environmental “concerns” are used by NIMBYs to jam-up urban infill housing at the permitting stage.

I’m sorry for the weeds and rats in empty lots, but better to have urban housing than suburban sprawl.

[–] pelespirit@sh.itjust.works 2 points 1 month ago

I noticed those things too, with that last one being the only thing half way decent. You're right about the buddy thing too. He's holding it over people's head for some reason though.