ilmscore | BREAKING: Trump Just RESET The Housing Market (Major Changes Explained)

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Prediction
Topic
Status
Banning institutional investors from buying single-family homes could lead to increased home prices and reduced supply, negatively impacting those it aims to help.
"this could actually wind up increasing home prices. It could reduce supply even further and it could hurt the people it was intended to protect."
Housing Market
Pending
Donald Trump plans to call on Congress to codify a ban on institutional investors buying single-family homes.
"And I will be calling on Congress to codify it."
Housing Market
Pending
Past measures to ban institutional investors from buying single-family homes have backfired and are predicted to do so again.
"And third, as unpopular as this is to say, measures like this have actually been tried in the past and have completely backfired."
Housing Affordability
Pending
Banning institutional investors is predicted to increase rental and home prices due to reduced inventory and less incentive for bulk construction.
"Rental prices are going to go up because there's less rental inventory. Home prices might also begin to go up because there's less incentive to build houses in bulk and nothing is going to be done to improve home affordability."
Housing Prices
Pending
Tax incentives for builders are proposed as a solution to increase housing supply and address affordability issues.
"And finally, seven, we have to give more tax incentives to builders. Look, the city [clears throat] will never and cannot build their own houses. So, give builders a tax abatement if they bring in jobs, resources, and housing to areas that desperately need it."
Home Building Incentives
Pending
Increasing the capital gains exclusion to $1 million for married couples filing jointly, adjusted for CPI annually, is predicted to encourage more home sales.
"Three, we should really increase the capital gains exclusion to a million dollars for married couples filing jointly and then increase it every single year to CPI. This would incentivize more sellers to finally let go of their home."
Capital Gains Exclusion
Pending
Expanding the mortgage interest deduction to $1.5 million is expected to incentivize people to move up, thereby unlocking more starter homes.
"Five, we should really allow people to write off the first $1.5 million of their mortgage interest up from the current $750,000. Again, this would prompt a lot of people to want to move up, unlocking a lot of lowerpriced inventory in the starter home range."
Mortgage Interest Deduction
Pending
Modular housing is predicted to be a solution to housing affordability issues, particularly in expensive areas, by reducing land costs and potentially eliminating parking requirements.
"Six, I also think modular housing needs to make a comeback. I just think we have to come to the realization that land is going to be expensive in the areas most people want to live. And modular housing without parking requirements solves a lot of problems."
Modular Housing
Pending
Streamlining permits, improving zoning, and reducing regulatory red tape are predicted to encourage more home construction.
"First, we got to streamline permits, improve zoning, and reduce the red tape. There should never be any confusion from one inspector to another. There doesn't need to be dozens of departments where none of them communicate with one another. And if they just made the permitting process easier, more people would want to build."
Permitting and Zoning Reform
Pending
Allowing mortgage porting for those trading up is expected to unlock lower-priced inventory by enabling homeowners to transfer their existing mortgages.
"Four, we should really allow mortgage porting. This way, you could take your existing mortgage with you to the next home as long as you're trading up, and that would unlock a lot of lowerpriced inventory."
Mortgage Porting
Pending
Donald Trump to deliver speech on housing and affordability proposals in Davos in two weeks.
"I will discuss the topic including further housing and affordability proposals and more at my speech in Davos in 2 weeks."
Housing Policy
Pending