Rep. Katie Porter Lays Out Her Plan to Lower the Cost of Housing 

That’s not the issue. The government subsidizes the purchase of existing homes and we allow banks to create money for their purchase. This drives up the real cost. We need rebasement. Wall Street wouldn’t buy them if they couldn’t get bank credit to do so.

You do know several Democrats like Pelosi anda Republicans just the same were doing legal insider trading with stocks with laws that permitted politicians to do so until they were caught. Guess what Katie had to say about? NOTHING.

Stop businesses buying homes. Make it illegal.

"Middle Class" hasn't existed since the late 80's

I don't know about her experience level on foreign policy, that's a big part of being President. That said, I'd definitely vote for her.

I wish. It's impossible for something like that to happen though :/

If she ran for president, I would vote for her. We need many more like her in our gov.

Maybe VP, definitely Senate.

❤❤❤

But nothing she said here addressed the plight of renters, the focus was just on home buyers.

@@maargenbx1454when it’s less to mortgage a home then to rent… you see the problem has now been fixed?

​@maargenbx1454 more homes on the market will gradually bring down rent. It's been on the rise for so long because there haven't been enough getting built. 2ndly. Her addressing hedge funds buying swaths of homes. That is directly tied to rent. If it was penalized there would be less owned by the corporations. It's a multi pronged approach. And I'd a committee existed for these issues in theory they would have better oversite over housing and rent control could be a real thing.

​​@@bonkgameingHer fix for renters is to stop corporate America from buying up (with cash, at asking price or more) all of the starter homes from the housing market and turning them into rentals, leaving none on the market for lower income folks to buy, forcing those folks to become renters.

@@maargenbx1454 Stop wall street from buying starter homes.

Not just single family homes, most places to live in dense cities aren’t single family homes.

​@@quincyjones5676non apartments

We need to stop pretending corporations are people across the board. They aren’t.

@@quincyjones5676it’s the downstream effects. Financing large buildings is tricky and requires serious cash, corporations are necessary at this point.

Landlords: These homeless people are driving down my property values.

No they didn't Try comprehending what was said It is at a state level which is where it should be The Supreme Court didn't criminalize anything

​@@RCenal Sure. Just like how, if you tell your children it's ok to hit each other, and then they *do* hit each other, it's totally not *your* fault. The fault is with your children, "which is where it should be". Right?

@@RCenalthey upheld laws criminalizing homelessness. Stop simping for Uncle Clarence; he doesn’t love you.

@@goodtroublemaker143 Keep waiting for Katie to take care of you. She depends on people like you to stay in power

@@pirahna Try to make that make sense

But would you ignore the fact that unless she has a super majority in the house and senate NOTHING would get done? This is the problem, We must elect reps who will back up these type of polices and we must stop electing people who take corporate donations.

​@@Detrumpificator4377 Thanks for your comment. I understand the importance of having legislative support for any president, including Katie Porter. However, your response feels a bit off-topic from my original comment about supporting her candidacy. Let's try to stay on point. Thanks.

@@darkestcloister Forgive my intrusion and understand I'm just trying to convey the importance of having a congress that will back up a POTUS like her. I feel that the sooner we get a congress like that the sooner we get to see the types of policy she and others have brought up.

PRES. PORTER....LADIES LET'S MAKE IT HAPPEN....DAMN THOSE RATPUBS WHO ONLY WANT 2 HELP THEIR DISGUSTING BILLIONAIRES...BC THEY FILL THEIR POCKETS WITH ILL-GOTTEN GAINS...VOTE BLUE 🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊

@@Detrumpificator4377 Very true!!

Yup, these greedy hedge fund slugs are also snapping up Mobile home communities in record numbers and implementing the very same plan... VOTE🔵'24 🇺🇸

Bingo

Seven million homes bought by Wall Street to increase their profits. I agree homes are for homeowners! Keep saying it Ms. Porter! We appreciate you!

yeah. theyre socialists. ure easier to control when ure exhausted, broken and disheartened

A HUGE part of it!

lol.. nah, she is a placating fool who is controlled by corporate interests. You're just part time politic'er.

She will be..give it a little time.

She says many good things, but they are misdirected. The fundamental problem is LOCAL ZONING BOARDS. . Nobody wants an apt or duplex on their nice street, so they tell the local zoning board not to change things.

@@earlysdacorrect

She is super chunky. Very American on that front.

Does she fly in a airplane? Don't she care about our environment?

​@@earlysda why are we building more Apts and duplexes. We deserve houses to put our families in. Not fucki g apartment buildings that stack us up like sardines or duplexes where you have to have your portion of the house connected to someone else's. we need houses and land. There is plenty of it.

Would you like apt. buildings or tiny houses on your street?

Yeah thanks for creating the 2008 housing bubble again. This is EXACTLY what Jerry Nadler pushed for in 2001-2002.

@Alphasig336 George Bush thanks you for blaming everyone but him the one responsible!!!!! Republicans are anti-American

🎉 Best Comment Tacarat👍🧓 🙏💙🌊🇺🇸2024

Would you just realize she would need a super majority in the house and senate to get anything done.

@@Detrumpificator4377 LOL ya ... and why she is quitting . But not a bad swan song eh ?

@@Mk101T LOL yeah why don't you stop harassing people like me? If you continue FAFO what happens to people who do.

@@Detrumpificator4377 LOL what ? How was I harassing you ? I was agreeing with you I thought ?/? What is FAFO ?

Special hours are set aside for reps to deliver addresses heard by pretty much nobody but they still get put into the congressional records.

It needs to change! Congresspeople should be written up and face consequences JUST LIKE WORKING CLASS AMERICANS! This country is dissolving into haves and have-nots. Oligarchy and fascism, just around the corner. The haves seem to have forgotten history; anyone remember that French Revolution?

This is likely just a committee meeting. Usually there's no full session required.

How is it that if I don't go to work or not do my JOB I get fired and congress people can do $#_$_#t all year or even worse, propose and pass crappy and dangerous ideas and stay at their jobs. I don't understand Americans. This is the only congress lady that is apparently doing her job and NO ONE is listening

​@@BDThomas Congressional records that nobody reads. Addresses should be given to an engaged audience. I don't care if it's just Congressional aids that can make it... People should be there, and the offices that don't send a representative should face consequences for opting out of the process on topics they don't have interest in, especially when it pertains to the economy, housing, food, foreign policy, budgets, and civil liberties. Our "representation" has been an absolute farce since the 50's.

I'm curious about this. Would you prefer to outlaw companies or limit them? Because as a homeowner, I'd prefer to rent out my home when i buy another instead of selling it. The reasoning? Holding it for my future kids. What are your thoughts?

@novousabbott4926 I think it is fine for one family/person to own two single family homes. They're not the problem. No company/corporation should own any single family dwellings

@@devastatn i can understand that. $10 says that if something like that passed into law, lobbyist would try to change the definition of a home!

Not far enough. Everything smaller than a fourplex ought to be confiscated if it’s not owner occupied.

If corporations are going to own single family homes, they should be required to either have them filled at a government monitored market rate and if they sit vacant, the company is charged said going rate of rent to go towards affordable housing programs. They'll either get them filled, or start getting charged money and will lower prices quickly. And finally, if they choose to make the home qualify for the 'affordable housing' tag, then they get a check cut to make up the difference

And have you SEEN the crap quality of $1million homes?

Not "one of the biggest" - it is the biggest issue facing us. The cost of shelter has risen far beyond affordability, and impacts every other thing in our lives.

Yeah but its not really full plan. 1. Tax credit for first home buying. Fyi these already exist - in Canada, Australia and UK and this initiative has failed miserably...... historically what happens is the credit amount gets added to the home price - so home that would cost $400K with a 10% credit - now costs you $440K because the credit is also doubled for the homeowner and thus it is in their interest to increase the home price to get a higher credit. 2. There is a reason 3D printed materials are not listed in major building codes. A major problem with printed homes you will see is that they lack structural components of a building meeting engineering standards. It is lunacy to just throw out IBC, IRC, AIA, ASTM, and ACI to reduce cost - this leads to SAFETY HAZARDS - not a good idea. 3. While it is good that Washington is cutting out large financial institutions from buying up properties, a major cause of this crisis is zoning - which Mrs Porter failed to once talk about! How in the world does one act like they have solutions for housing yet never once bring up zoning? The reason Mrs Porter we dont have multi-unit housing like aparatments is because apartments get zonned seperately from housing, where in the US most populated cities incentivize and in many cases mandate the existence of single family housing zones over any other zoning types for housing. Granted this is a problem that has to be solved at the state and local levels of government, but to not even acknowledge this problem is ludicrious.....

They all have a plan But part of that plan is to ignore it until asked by a reporter and come up with a prefabricated answer that means nothing

Ms. Porter, here is an idea, make home ownership tax-free for primary owner-occupied properties. No property tax, no income tax on mortgage payments, or interest. All the government would have to do is reduce the budget to make this possible. This could be done my eliminating some government agencies. There is no need for a committee, this will work, for everyone. (Except Big Government democrats.)

she could have a long career in the Senate, focussing on work instead of PR

​@@sheldondrake8935 We are choosing the best WOMAN to be THE FIRST WOMAN PRESIDENT..do ya mind? Oh well.

But, first she'd have to overcome a broken, venal, Democratic Party, which has consistently screwed her over, after her brilliant take-downs of sociopathic Wall St. Ghouls & depraved Bankster crooks, embarrassed the Davos Dem leadership, she struggles under.

But she has opposition from Republicans and Corporate Democrats!

#katieporter2024

Politicians can't fix anything. The sooner Americans accept that, the sooner things will get fixed.

@nonyadamnbusiness9887 Katie Porter is not a politician. She is a single mom and a teacher. Who is willing to stand up to the broken system that politicians have abused for decades.

Hear hear!

Yes!!

I think a Porter/Stacy Abrams ticket is a dream.

Seriously. What do we need to do to get her nominated? I'm in, just tell me what to do.

You'd have to talk enough people into using mulching toilets for a decade-ish . Not that they advocate for such a thing . Just that it would help in getting them into the right mindset first .

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-nROxnWBhrv0.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-oCtqHwjCPOQ.html

Same issues here in Canada. Her solutions would work here too.

Wow, a representative talking about a REAL issue, and not just guns, gays and grievances.

Yes… her plan of making housing more affordable, by forming a committee to make housing more affordable and then spending a bunch of government money on making housing more affordable seems fool proof. Spending a bunch of government money with no real plan or understanding of economics has gone really well thus far… let’s keep doing that. Affordable housing, but eggs will cost $37/dozen. Great plan.

@@Mluther65 Wait... that's LITERALLY your take-away?!?!

@@Max14163 Literally. This woman is a buffoon. I honestly thought it was satire, that’s why I clicked.

You gotta consider -- she's a Democrat elected in one of the most conservative spots on earth, Orange County CA. That says it all.

SHE SHOULD RULE SOMETHING.

2028.

Chicago as well and there ain't no place to live for less than 800/mo that ain't an SRO.... I do live in a gucci neighborhood by 31'st and Ashland but it way out priced for what it is.

Also in Chicago, Brandon Johnson's title transfer tax that lowered title transfers below 1M and raised it for properties over that would have kept many rentiers out of the market lowering the asset values of housing making it more affordable for the rest of us.

Whom? CEOs. Proably.

Politicians, because they vote their own raises.

The government needs to ban foreigners and investors from owning single family homes, period!

You can afford to live almost anywhere you want as long as you work long enough to never be home.

literally socialism that u voted for😂😂😂😂😂😂😂😂

@@TRUMPeterswan1624 bruh stop with the misinformation this was in place since 2004, plus they just had a bipartisan deal that fell apart on both sides. youre blaming one side like a moron who has no deductive reasoning skills.

​@@TRUMPeterswan1624Unrestrained capitalism is socialism? Moron opinion.

@@TRUMPeterswan1624 It can't be socialism if we're living in a capitalist country....

👏🏼👏🏼👏🏼

Best of luck to you, Breezy, and make sure you & all your friends vote blue, I worry so much about all you young people! 🥹

@@anitawebster9450 no don’t vote red or blue and throw away the whole system altogether that keeps us separated. kennedy 2024 🇺🇸

@iamz_mbie Kennedy is cray-cray, certifiable! Every interview is worse than the last, & his entire family has distanced themselves from him. Don't be dumb, vote for Democracy!

​@@anitawebster9450Vote for the same policies that made the cost of living in California so outrageous???

so what's the plan?

​@@shanematthews7713clean your ears.

Why is it their responsibility to take care of you?

​@@youtubesucks1499 It's NOT. But it is the job of our legislature to level the playing field when Americans are being mercilessly gouged as is the case right NOW...

@@nsidor1234 A level playing field? What opportunities do people not have? College? Starting a business? Running for office? So what level playing field? It's already level.

@@youtubesucks1499 Nope, it's NOT. Spoken like someone who's benefited from untaxed hedge fund profits.

@@silentnot4812 Assuming all these things about me and my spending habits (all INCORRECT by the way) reveals how clueless you really are. That being said, if I were an investor, I would expect to be taxed at a fair rate on those investments, which simply is not the case today. In a world where your 'investor class' pays less taxes on their income than teachers, nurses and the like, a correction is definitely needed...

With an abundance of Empathy, Intelligence, Tenacity, etc.!!!! GO KATIE GO!!!

The United States appreciates Katie Porter. So do people from other nations that respect her.

We love her so much, I’m in MA. I wish she was going to stay in DC, her leaving hurts is all.

Where was California when she was running for Senate?

Not all of us in California claim her. I do not. Adam Schiff was proof of that.

It would be a total shithole.

@@mikealext Oh you mean like what happens everytime when a republican gets elected into office. 😆

@@CyframerEX Democrats run all the ghettos.

Please quit voting and posting until you educate yourself

@@robertfetrow4612 Katie doesn't miss, OP is correct.

Katie for president NOW!

She is so much better than all other politicians combined.

But we give corporations more power in this country then the people with less accountability. All they care about is money and the people are expected to give their money to them are call it a retirement plan. Donald trump has proved the truth has no significance in politics anymore.

100% agree.

Totally!

Deserves way more love than she gets. I wish she was in my district. Can’t wait for her to get into the senate for CA

One of the best for sure. There are a handful of really impressive people

i wont give her all that yet, but i like her:) theres cruz, hageman and kennedy. but i put her with them. the good squad!

This country is already dead.

​@@ProfRa6574Only if you let the corporations kill it. You can still vote. Use your power while you can.💙

Blue made the problem, so yeah, they can probably fix it...

​@@earlysdaIn my opinion, it's better to try to fix problems than to sit around whining, blaming others, and doing nothing.

How about politicians and their own greed? In her own state of California they are raising taxes of gas by .50 starting tomorrow. Think that will lower the cost of anything? They spent $600,000 per apartment for the homeless in LA for 250 people. How is that helping us?

How about the hundreds of abandoned Malls from the '80's? They woud be amazing apartments

These bases are excluded from OSHA standards. Even modern bases have issues with mold, asbestos, etc. on top of needing to fix these issues, these bases aren’t generally located where a civilian population wants to live.

@@heatherhansen2169 yes, with plenty of parking, on transportation lines and geared for community living, great idea.

@@Reven619 Really? I wonder why the houses next door sell for 2 mil? Is it because it’s awful? The one near me is walking distance to the ocean, has an ocean view and is less than a mile and a half from all the major chains, a hospital and a ton of services. Also, many restaurants, even several bib gourmand and Michelin star restaurants, maybe they would hate the military translator school, or the aquarium, no one would want to live where the average property price is well over a million, it’s just so awful to live in neighborhoods is it? Maybe it’s because there isn’t a lot of gospi and too much acceptance. Not sure? I wonder why that lacks appeal, maybe the nice breeze or all the beautiful flora might be a hardship. I don’t believe I indicated that no repairs are to be done, that was your plan. and why are current bases inhabitable, perhaps we should level all the bases, since they are rotting. We don’t need them anyway, then these moldy wastes can be return to viable land, forests and wetlands, a much better use of our resources. I like how you dismiss all ideas, you must be afraid of creative thought.

@Reven619 You are so right! The base housing I lived in as wife and mom in 1972 is now part of a Superfund Cleanup site. The homes, the grounds, and the water supply are all contaminated.

Amen!!!

They have their million dollar homes & government security to pay for them. Care nothing for working people who are barely able to pay for monthly needs.

Yes, so few Democrats left that aren't so far left they are marxist. Bring back the moderates that actually have a thought process and NOT an agenda.

Yes!

She says many good things, but doesn't touch the root of the problem. The fundamental problem is LOCAL ZONING BOARDS.

​@earlysda That isn't always the problem, but even if it is in some places, that's why Katie's first proposed step was making a "housing committee." A Housing Committee would expand on the stated goals, solve problems like zoning, &get funding in order to make it all happen. May be wishful thinking but they need to start somewhere. The status quo isn't working.

@@shawna3350 shawna, I wish you were right, but what she is calling for is more top-down laws, while the problem should be solved bottom-up.

Capitalism allows it. We just need to tax them accordingly...

GOP allows this , fact that 75 M 🇺🇸 voted for someone told them to drink bleach doesn't give me hope

Do you even know what a hedge fund is? If the government had not printed off a big chunk of debt and caused inflation, if the $35,000,000,000,000 debt did not threaten collapse the US dollar, there wouldn't be a huge demand for hedging inflation and hedge funds would not be buying up every possible property. So what happens when hedge funds are prevented from buying real estate and investors can no longer use real estate hedge fund to insure against inflation of the US dollar?

Unchecked and unregulated capitalism

@@nonyadamnbusiness9887 Precisely why taxing them makes sense. Trillions in tax cuts for these "investors"along with price gouging caused the high inflation. Those mutts have been blaming COVID but the pandemic did NOT cause record stock by backs...

Hmmm…. About a decade.

empty homes owned by fat cat investors for occasional use as AirBnBs empty 2nd, 3rd & 4th homes bought solely for investments Not to mention stupid zoning laws that prevent corner stores from being in walking distance of neighborhoods! And also stupid zoning and building permissions that are expensive and long-winded. I could go on...

Homes in your neighborhood being occupied by who knows who? While your longterm neighbors are being priced out of housing.

Not quite. A lot of homes that were on the market were scarfed up by real estate venture capitalists who saw a potential of making money off of rentals by (A) driving up home prices while (B) reducing the amount of houses available. Back when I bought my home in 2000, I recall signing an agreement that stated I would live in the house and not turn it into a rental or flip it. I think those sorts of laws have been trimmed out to help the wealthy and harm the rest of us.

You hit the nail on the head! ​@@thatjeff7550

@@thatjeff75506 to 18 Million homes have been bought up by Private Equity homes. It’s is irrepressible! The Three Larger PE that own the most homes are billionaire Democrats. Gates, Blackrock are two!

Biden needs to step down and let someone like Porter run for President.

I thought someone was missing.

Absolutely true that we need more good legislators, but we will never get there without term limits.

​​@@fbucking Term limits get rid of the good ones too ..that makes no sense.

@@n.lite.n111 feel free to name someone who has been there for 20 plus years and is still a good one. Please don't name Bernie, he is a sell out.

I wish anyone was debating trump last night.

Would it matter? He would do the same things which I've tried to post but the moderation wouldn't let me. All I can say is it would be better to not give him any kind of platform. Just refuse based on the things the automated moderation wont let me say.

OK finally I got it to post. Now let me try saying he used the platform given to him and there in lays the trouble. They should have said no and just said we don't feel good giving TFG a platform for certain reasons I can't say here. I'm sure you know those reasons. (edit) Oh and it's him not President Biden thats the issue.

She wouldn’t let him get away with his lies

@@H4ppyCustom3r Even if she didn't have we not learned the lesson yet that giving him a platform is a very bad idea? The point is to not let him use us which is what VP Henry A Wallace expertly warned us to not do.

Very well written and accurate.

Exactly well said

Truth.