The Biden Economy

[Muse]

I had an old Town and Country ('83), 2nd car. I suppose a 4x8 wouldn't fit in it, but I could tie it to the roof rack! I finally took up the state's offer and sold it to them. Saved me insurance and registration. As rarely as I used it, I could better afford to rent a Home Depot truck for a few hours, which I think I've only done once, actually! I used to drive that T&C occasionally to give it some exercise. The mileage sucked.

 

[eelw]

Wow, Biden has travelled to 8 states to campaign since Super Tuesday. Lol who’s the old tired one?

 

[nakedfrog]

Obviously that's just because of the mountains of cocaine they're giving him.

 

[Brainonska511]

Gifted article: https://www.nytimes.com/2024/03/21/...e_code=1.eU0.CV0-.vsoVDY2kewJS&smid=url-share

Economists in the Biden administration are calling for more aggressive federal action to drive down costs for home buyers and renters, taking aim at one of the biggest economic challenges facing President Biden as he runs for re-election.

The policy proposals in a White House report being released on Thursday include what could be an aggressive federal intervention in local politics, which often dictates where homes are built and who can occupy them. The administration is backing a plan to pressure cities and other localities to relax zoning restrictions that in many cases hinder affordable housing construction.

That recommendation is part of a new administration deep dive into a housing crisis, decades in the making, that is hindering the president’s chances for a second term. The proposals, included in the annual Economic Report of the President, could serve as a blueprint for a major housing push if Mr. Biden wins a second term.

The report includes a suite of moves meant to reduce the cost of renting or buying a home, while encouraging local governments to change zoning laws to allow development of more affordable housing.

Good steps to help with high housing costs people keep bringing up in all the economy doom-and-gloom; however, we need more action at the state level to crush the hyper-local NIMBY opposition.

 

[iRONic]

^^ Louisville’s current democratic mayor, Craig Greenberg ran on the some of those same issues.

The 2024 Housing Needs Assessment found that, from 2016 to 2021, Louisville saw an increase of nearly 18,400 housing units available and affordable to the city’s lowest income residents. The increase is due to a combination of factors, including new construction and existing housing stock that is now priced at a level that is affordable to those earning 30% of area median income or less ($26,900 a year for a family of four).

Despite this, the unmet need for housing for the city’s lowest income residents grew 15% to 36,160 units, and more than a quarter of Louisville households remain cost burdened, meaning they pay more than 30% of their income toward housing expenses. More than 11% are severely cost burdened, paying more than 50% for housing expenses.

https://louisvilleky.gov/government/housing/housing-needs-assessment

**The finalized “My Louisville Home” plan would allow developers to build duplexes, triplexes and fourplexes on properties zoned for single-family homes; re-zone three city-owned properties so Metro Government can work with developers on affordable housing projects; and help low-income families become homeowners through the city’s “Down Payment Assistance” program.**

https://www.whas11.com/article/news/local/louisville-affordable-housing-need-assessment-2024-report/417-cde52dcc-1b07-4e1b-8076-c6cff2c04dad

**Are mine**