The Biden-Harris administration’s dead-end hyperinflationary policies have put the American Dream out of reach for many young people. I have talked about this so many times with my 21 year old daughter that it breaks my heart.
Like many young Americans, Ruby is doing everything right. She works hard and saves money, but the old-fashioned concept of a white picket fence seems to be slipping from her grasp. One of the reasons I’m running for the Senate is to make America affordable again. And I know that lowering out-of-control housing prices is the key to regaining access to the American Dream for young people.
Hit Federal Reserve DataIn 1984, the median household income in the United States was $22,400 and the median home price was $78,200, approximately 3.5 times the median income. By 2022, the median household income will be Increased to $74,580However, the median home price is exceeded $433,000 — nearly six times the median income.
Elected officials owe it to their constituents to take clear and decisive action to reduce housing costs.
Much attention is being paid to the role of interest rateBut the answer to bringing them back, although difficult to achieve, is very simple: the federal government. need to stop We can print money we don’t have to pay bills we can’t pay. Reducing this imbalance is neither easy nor quick, and anyone who says otherwise is selling you a product.
But there is another important element to the housing crisis that we can quickly and effectively address. There is a shortage of skilled craftsmen. According to an analysis by Associated Builders and Contractors, the U.S. More than 500,000 skilled construction workers are in short supply. A combination of shortages of skilled construction workers Due to rising material costs is an obstacle to construction millions of Additional housing units needed to alleviate cost bottlenecks.
There are three ways to lower the cost of raw materials: lower energy and fuel prices, eliminate excessive regulations put in place by the Biden-Harris administration, and increase the number of skilled workers available to producers. It depends greatly on. Restrictions on oil and gas production and refining are causing fuel and energy costs to rise rapidly, driving up the price of building materials by tens of thousands of dollars per home.
Similarly, the excessive regulation and DEI mandates imposed on producers by the Biden-Harris administration are also increasing material and labor costs without significantly benefiting society in terms of reducing inequality. Finally, the rush to send all high school graduates to four-year colleges with massive government subsidies has depleted the skilled trades workforce, increased construction costs and delayed additional housing starts.
Solving the first two problems is very easy. We can get two-thirds of the way there by replacing President Joe Biden and Vice President Kamala Harris with Donald Trump and reversing the current administration’s pointless and counterproductive executive orders. The final step — increase the number of skilled people construction workers — requires more effort.
But some simple changes to federal education funding and policy could reduce discrimination by ending discrimination against vocational and technical education and overhauling federal education funding and lending to support the development of a skilled workforce. We can turn around that deficit in a few years. Enough to meet the housing market demand.
First of all, we need to review the guidelines. for Pell grants This is so that more students can issue and use them to attend vocational and vocational schools. Second, if the government is going to continue supporting student loans, it needs to aggressively expand the scope of those loans to more vocational schools.
Currently, government-backed student loans are available to students at trade schools, but only if the trade school is federally accredited. Many are not. Accrediting the majority of the nation’s technical schools so that students can receive government-backed loans should be a major priority of the next administration, and will be a priority of mine in the U.S. Senate. Dew.
Finally, the government is actively working with industry to improve trade school opportunities by making low-interest loans available to businesses and unions to invest in new and expanded trade school and trade school facilities. needs to be expanded.
The cost of attending a trade school or vocational school is much cheaper than a vocational school. cost of You get a four-year degree and the return on that investment is astronomical. The upfront investment of several thousand dollars in these careers can result in high incomes over a lifetime, which in turn increases tax income. As a result, investing in expanding the skilled workforce is responsible governance and must be a priority going forward.
Kari Lake is a Republican running for the Arizona Senate.
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