Renters Say Kamala Harris Beats Trump On Housing Affordability: 48% Choose The Vice President

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

A new survey found that U.S. renters are divided on which presidential candidate would better address the nation’s housing affordability crisis.

Vice President Kamala Harris came out as the preferred choice, with 48.4% of renters believing she would be most effective in making housing more affordable, compared to 31.2% who favored former President Donald Trump.

Don't Miss:

The findings come from a September survey commissioned by Redfin and conducted by Ipsos. The survey polled 1,802 individuals aged 18-65, including 894 renters.

Redfin Chief Economist Daryl Fairweather attributes renters’ preference for Harris to demographic factors. Renters tend to lean Democratic because many are young city dwellers who face higher living costs and may rely more on government assistance.

See Also: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.

The survey also found that 43.6% of renters plan to vote for Harris in November, while 28% intend to support Trump. The remaining respondents were split between those who don’t plan to vote (12.3%), are undecided (11.7%), preferred not to answer (3.6%), or plan to vote for other candidates (0.8%).

However, Fairweather said that solving the housing crisis extends beyond presidential authority. “While the president has some tools to combat the housing affordability crisis, they can’t fix it on their own,” she said. “It’s going to take a coordinated effort by the federal government and local governments over the course of many years.”

Trending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!

According to previous Benzinga reporting, both candidates have outlined different approaches to addressing housing affordability. Harris's plan includes goals for new home construction, proposing to build three million homes over four years beyond current production levels. She also advocates for $25,000 in down-payment assistance for first-time homebuyers and restrictions on corporate landlords.

Trump’s strategy largely ties housing affordability to his immigration policies. His campaign argues that mass deportations would reduce housing demand and lower costs, though experts say that it oversimplifies the relationship between immigration and housing markets.

Trending: These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends

The housing affordability issue has gained unprecedented prominence in this presidential campaign, reflecting its growing impact on American households. Recent data issued by Redfin indicates that the renter population is expanding three times faster than the homeowner population.

Economists remain skeptical about the feasibility of some proposals. Jenny Schuetz, a senior fellow at Brookings Metro, told the Los Angeles Times that there are limitations to federal intervention in housing construction. “The federal government doesn’t really build any homes,” she said.

As the campaign continues, the candidates’ differing approaches to housing affordability represent a choice for voters, particularly the growing renter population struggling with rising costs.

Read Next:

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Real EstateHarrisnews accessReal Estate Access
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!