The bipartisan legislation was crafted in both chambers and must now pass the House. It seeks to build more homes and prevent large investors from out-bidding families.
The Senate voted overwhelmingly on Monday to pass a sweeping housing affordability bill aimed at lowering costs, putting Congress on the brink of a rare bipartisan victory in Donald Trump’s second term.
The vote was 85-5.
The legislation, which makes it easier to build homes and slaps limits on Wall Street investors from buying up houses, now goes to the House, which hopes to vote on it in the next few days. Then, it would go to Trump’s desk to be signed into law.
glances around at the state of the US economy
Idk, man. Looks like it’s still chugging. Traffic on the streets. Money changing hands. Plenty of new builds in my own neighborhood. Lots of new cars on the road. Airplanes passing overhead every twenty minutes. Hell, we just had a big fire at the railroad junction near the Houston ship channel and that doesn’t happen unless lots of trains and ships are running past each other.
If you want to see a flattened economy, check out Cuba right now. Or Gaza. Hell, check out West Virginia, if you want to see something local. The end of the coal industry is hitting them like a sledgehammer. Louisiana also really stinks right now, with so much of their refinery industry idled. But California? Florida? New York? Texas? They’re all choking on the endless volumes of Tech Sector cash we’re pumping in.
deleted by creator
I know far more employed engineers than unemployed ones.
None of this is unique to a single corner of the country.
Maybe you didn’t see that label-less chart of 3 different colored lines that go down, can’t argue with that /s
deleted by creator
You think that’s the chart for S&P, Dow, and Nasdaq?
To be sure - the stock market is not a good measure of economic health. Nor do I disagree that what you and the people you know are experiencing as your lived experience. But whatever that is, it’s some historical cherry picked chart that is not YTD performance of the major indexes.
deleted by creator
I can see where this is going. I don’t disagree that just about everything is in worse shape than I’ve ever seen it, but don’t look at the stock market to help substantiate your claim. People with the excess cash to invest are doing just fine. Good luck out there ✌️🕊️
deleted by creator