Details of Harris' Same But Different economic plan (08-16-2024--Hour2)

[00:00:04] [SPEAKER_00]: What's going on? Thank you so much for listening to this podcast. It is heard live every day from noon to 3 on WBT Radio in Charlotte. And if you want exclusive content like invitations to events, the weekly live stream, my daily show prep with all the links, become a patron, go to thepetekalendershow.com. Make sure you hit the subscribe button, get every episode for free, right to your smartphone or tablet. And again, thank you so much for your support.

[00:00:29] [SPEAKER_00]: We have details now from the Kamala Harris campaign, not her, but the campaign. We've got details of her Same But Different economic plan. That's my branding. I have offered it to the campaign. They can use it. See how effective that is, right? It's the Same But Different. So you're catching everybody. If people are like, I want to keep going on the path we're on with this, you know, stupid inflation,

[00:00:58] [SPEAKER_00]: and not able to, you know, buy a house and the unaffordability of groceries. I want more of that. So that's the first part of the slogan for you. Same. Then you got people who are like, I'm all about the vibes. I'm all about the vibes. Well, they're going to go with Kamala because the media says she's got the vibes. So you don't have to worry about them. But then there's the people that are like, I don't like all of the increased cost of stuff, but I don't know why it costs more.

[00:01:25] [SPEAKER_00]: And so, and I'm not going to like try to find out why. I'm just going to listen to the media and the Democrats, but I repeat myself, tell me that it's because somebody else is jacking up the price when they shouldn't be. And so we're going to do something different.

[00:01:41] [SPEAKER_00]: We're going to go after the, the, the price gouging, the price hikers. And it's a totally different kind of economic approach that Kamala Harris is going to take as president than the Biden Harris administration has been taking so far. Right? So it's different. So it's the same, but different.

[00:02:03] [SPEAKER_00]: So let's run through some of these bullet points. I just saw this come down the, the transom.

[00:02:11] [SPEAKER_00]: Vice president Harris is proposing a new plan to get tax relief to more than a hundred million Americans. Ooh, like what? Tax relief? A new $6,000 child tax credit. Wait a minute. Wait a minute. What if you don't have kids? What if you just have cats?

[00:02:31] [SPEAKER_00]: That's a child tax credit, not a cat tax credit. I thought trying to incentivize people with kids and trying to give them extra tax breaks.

[00:02:43] [SPEAKER_00]: I thought that was weird. I was told by you guys in the Harris walls campaign and the media, but I repeat myself, like you said that when JD Vance was talking about giving extra,

[00:02:57] [SPEAKER_00]: you know, tax breaks to parents, you know, tax breaks to parents that that was weird and that he was against the single cat ladies.

[00:03:06] [SPEAKER_00]: Is there a single cat lady tax break here? No. Cut taxes by up to $3,600 per child for middle-class families with kids.

[00:03:19] [SPEAKER_00]: Once again, no childless cat ladies there. Cut taxes by up to $1,500 tax credit for frontline workers in lower income jobs.

[00:03:31] [SPEAKER_00]: Okay. Well maybe that would, so you would get a cut taxes by up to $1,500 tax credit.

[00:03:41] [SPEAKER_00]: I don't even know what that means. Cut taxes by up to $1,500 tax credit.

[00:03:49] [SPEAKER_00]: I think I understand what they're trying to say there. It's just not written very well. So a $1,500 tax credit.

[00:03:55] [SPEAKER_00]: And so that's a tax cut because it's a tax credit. They're saying for frontline workers, I guess that would scoop up the, no pun intended, the cat ladies, I guess.

[00:04:07] [SPEAKER_00]: Extending $6,000 per year in savings on Affordable Care Act health insurance premiums, which Trump wants to repeal.

[00:04:13] [SPEAKER_00]: Wait a minute. I thought it was already affordable. Why do we have to keep tweaking the Affordable Care Act?

[00:04:21] [SPEAKER_00]: I thought it solved the problems.

[00:04:23] [SPEAKER_00]: I'm old enough to remember when we were having this argument about rationing by access or price.

[00:04:29] [SPEAKER_00]: And I was saying like, you can, you can only do it one of two ways.

[00:04:35] [SPEAKER_00]: And they were like, no, no, no, we can do it both ways.

[00:04:37] [SPEAKER_00]: And we're going to bring down the cost and everybody will have access to it.

[00:04:40] [SPEAKER_00]: And I'm like, that's not going to happen.

[00:04:43] [SPEAKER_00]: And if it's the Affordable Care Act, why is it, why do we need to make it more affordable?

[00:04:48] [SPEAKER_00]: What's going on there?

[00:04:49] [SPEAKER_00]: I thought it already was affordable.

[00:04:50] [SPEAKER_00]: You guys passed this.

[00:04:51] [SPEAKER_00]: Didn't you get what you want here?

[00:04:52] [SPEAKER_00]: You rammed it through over all of the Republican objections.

[00:04:56] [SPEAKER_00]: Had to blow up existing norms and rules to push it through.

[00:05:01] [SPEAKER_00]: What else?

[00:05:02] [SPEAKER_00]: Lower housing costs.

[00:05:03] [SPEAKER_00]: Harris is launching an urgent plan to lower the cost of renting and owning a home.

[00:05:09] [SPEAKER_00]: I was unaware that the, um, that the president was the landlord, which is weird because I've been renting for a long time.

[00:05:22] [SPEAKER_00]: Uh, I own a house now.

[00:05:24] [SPEAKER_00]: I have owned houses in the past, but most of my adult life, I've been a renter and I've never cut a check to go to the president.

[00:05:32] [SPEAKER_00]: I did not know the president was my landlord.

[00:05:35] [SPEAKER_00]: That is, that's my mistake.

[00:05:36] [SPEAKER_00]: I apologize.

[00:05:38] [SPEAKER_00]: So she's also promising to end America's housing shortage.

[00:05:41] [SPEAKER_00]: So I guess she's going to go old Jimmy Carter, just start going out there swinging hammers, building houses for everybody.

[00:05:47] [SPEAKER_00]: No, no.

[00:05:48] [SPEAKER_00]: She's going to provide a historic $25,000 gift in down payment support, basically, for first-time homeowners.

[00:05:56] [SPEAKER_00]: Oh, that won't cause any inflation, right?

[00:05:59] [SPEAKER_00]: What a brilliant idea.

[00:06:00] [SPEAKER_00]: Why hasn't anybody done this before?

[00:06:03] [SPEAKER_00]: Just have Kamala Claus as, uh, as I, I forget who sent it to me.

[00:06:13] [SPEAKER_00]: Hmm.

[00:06:14] [SPEAKER_00]: I forget who sent it to me.

[00:06:16] [SPEAKER_00]: Kamala Claus.

[00:06:17] [SPEAKER_00]: I saw, I saw at some point in a, in a message to me.

[00:06:19] [SPEAKER_00]: I apologize.

[00:06:20] [SPEAKER_00]: Uh, maybe it was Ron.

[00:06:21] [SPEAKER_00]: I think it may have been Ron.

[00:06:22] [SPEAKER_00]: Um, Kamala Claus, or maybe it was Brian.

[00:06:25] [SPEAKER_00]: I forget, but they sent, and then that's it.

[00:06:28] [SPEAKER_00]: You're promising $25,000 for first-time home buyer assistance.

[00:06:33] [SPEAKER_00]: So what happens when the first-time home buyer comes in, and now there's a bidding war, which I have heard occurs.

[00:06:41] [SPEAKER_00]: Actually, I know it occurs because I've been in them trying to buy a house.

[00:06:46] [SPEAKER_00]: You get into a bidding war.

[00:06:48] [SPEAKER_00]: And if I'm not a first-time home buyer, the first-time home buyer is going to get $25,000 extra.

[00:06:54] [SPEAKER_00]: Ha ha.

[00:06:55] [SPEAKER_00]: In your face, Pete.

[00:06:56] [SPEAKER_00]: Pete, that'll show you for owning a home first, trying to upgrade from a starter home.

[00:07:02] [SPEAKER_00]: Because what happens when you try to get out of the starter home, and you want to buy another house, but now somebody who's a first-time home buyer comes along, and they get an extra $25,000.

[00:07:09] [SPEAKER_00]: Oh, but wait.

[00:07:11] [SPEAKER_00]: What if I'm able to match it?

[00:07:14] [SPEAKER_00]: Ah, what if I can match your $25,000?

[00:07:17] [SPEAKER_00]: What if we're both first-time home buyers, and we both have the $25,000?

[00:07:21] [SPEAKER_00]: Now we're in a bidding war above the $25,000, right?

[00:07:25] [SPEAKER_00]: And you know who benefits there?

[00:07:27] [SPEAKER_00]: The seller!

[00:07:29] [SPEAKER_00]: The seller is getting an extra $25,000.

[00:07:32] [SPEAKER_00]: Guess what that does to the price of the home?

[00:07:34] [SPEAKER_00]: You raging idiots.

[00:07:36] [SPEAKER_00]: Oh, my God.

[00:07:40] [SPEAKER_00]: She's going to end the housing shortage in the next four years by building 3 million new housing units.

[00:07:48] [SPEAKER_00]: She's going to offer a tax incentive to the developers.

[00:07:53] Ha ha ha.

[00:07:54] [SPEAKER_00]: To the corporate.

[00:07:55] [SPEAKER_00]: Do you know who the number one home builder is?

[00:07:59] [SPEAKER_00]: It's D.R.

[00:07:59] [SPEAKER_00]: Horton, right?

[00:08:00] [SPEAKER_00]: You got these major home building companies, corporate entities.

[00:08:05] [SPEAKER_00]: They build hundreds of houses, thousands of houses every single year.

[00:08:10] [SPEAKER_00]: And so they're going to get tax incentives to build starter homes.

[00:08:15] [SPEAKER_00]: What do you think that does to inflation?

[00:08:17] [SPEAKER_00]: This is more government spending.

[00:08:19] [SPEAKER_00]: What do you think that does to everybody's taxes?

[00:08:21] [SPEAKER_00]: The people that are paying the taxes, you're going to incentivize the developers.

[00:08:26] [SPEAKER_00]: You're giving them breaks.

[00:08:27] [SPEAKER_00]: Is this a corporate tax giveaway?

[00:08:31] [SPEAKER_00]: $40 billion federal funds.

[00:08:33] [SPEAKER_00]: And by the way, this idea that if you just give the developer a tax incentive to build more starter homes,

[00:08:42] [SPEAKER_00]: that doesn't mean they're going to actually do it.

[00:08:44] [SPEAKER_00]: Because the incentive has to be enough to make it worthwhile for them to do it.

[00:08:50] [SPEAKER_00]: Right?

[00:08:52] [SPEAKER_00]: You got to build way more homes at the starter home price point.

[00:08:57] [SPEAKER_00]: Why aren't they doing it now?

[00:08:59] [SPEAKER_00]: There's obviously a demand for it.

[00:09:01] [SPEAKER_00]: Why aren't they doing it?

[00:09:03] [SPEAKER_00]: Because it's not profitable.

[00:09:05] [SPEAKER_00]: They can't build the house and make enough money back to cover the cost of building the house,

[00:09:12] [SPEAKER_00]: plus anything that comes up like bad weather, supply chain disruptions.

[00:09:16] [SPEAKER_00]: They eat all of those costs.

[00:09:18] [SPEAKER_00]: Once you lock in your home price, it takes them a year to build that thing.

[00:09:22] [SPEAKER_00]: Right?

[00:09:23] [SPEAKER_00]: Anything that happens in the interim, that's on the builder.

[00:09:27] [SPEAKER_00]: They take that loss.

[00:09:31] [SPEAKER_00]: A $40 billion fund to spur innovative housing construction.

[00:09:36] [SPEAKER_00]: I don't even know what that means.

[00:09:38] [SPEAKER_00]: So, okay, just throw more money at it.

[00:09:41] [SPEAKER_00]: That'll do the trick.

[00:09:43] [SPEAKER_00]: Just throw more money at it, and that will have no impact on inflation.

[00:09:47] [SPEAKER_00]: Again, do you understand what causes inflation?

[00:09:50] [SPEAKER_00]: Half the country actually does not.

[00:09:52] [SPEAKER_00]: They believe that it comes from corporations charging too much money.

[00:09:56] [SPEAKER_00]: That's where they think inflation comes from.

[00:09:58] [SPEAKER_00]: And that is because the left has taken over the entire education system

[00:10:03] [SPEAKER_00]: and purposefully, I believe, does not teach them these things

[00:10:07] [SPEAKER_00]: because they become way easier to deceive and govern when they are idiots.

[00:10:13] [SPEAKER_00]: About basic economics.

[00:10:15] [SPEAKER_00]: From a Twitter user named FormerPollDancer.

[00:10:19] [SPEAKER_00]: I took umbrage at that tweet.

[00:10:21] [SPEAKER_00]: This is about the last hour's content here and topic, but it does carry over into this.

[00:10:27] [SPEAKER_00]: This person says,

[00:10:28] [SPEAKER_00]: It burns me up when no-nothing folks denigrate Southerners, mountain folks, rural people.

[00:10:34] [SPEAKER_00]: I'm intelligent, educated, and worldly, but I've dealt with this I'm-better-than-you attitude my whole life.

[00:10:39] [SPEAKER_00]: I view it as racist adjacent.

[00:10:43] [SPEAKER_00]: And the other reason, I believe, is due to jealousy.

[00:10:46] [SPEAKER_00]: Conservatives are generally happier in life than leftists and elitists.

[00:10:49] [SPEAKER_00]: That is actually true.

[00:10:51] [SPEAKER_00]: That is true.

[00:10:53] [SPEAKER_00]: Conservatives are happier people.

[00:10:57] [SPEAKER_00]: Just in general.

[00:10:59] [SPEAKER_00]: Man.

[00:11:00] [SPEAKER_00]: Mmm.

[00:11:01] [SPEAKER_00]: We have far too many national fights that are truly irrelevant, says the hellion.

[00:11:06] [SPEAKER_00]: Yeah.

[00:11:07] [SPEAKER_00]: Uh, let's talk with Dean.

[00:11:09] [SPEAKER_00]: Hello, Dean.

[00:11:10] [SPEAKER_00]: Hi, Pete.

[00:11:11] [SPEAKER_01]: Hey.

[00:11:12] [SPEAKER_01]: Hey, Pete, I think you, I think Brett sounds a lot more like you than you sound like Brett.

[00:11:18] [SPEAKER_01]: Thank you.

[00:11:18] [SPEAKER_00]: I appreciate that.

[00:11:20] [SPEAKER_01]: Yeah.

[00:11:21] [SPEAKER_01]: I think your delivery and commentary is just totally unique, so.

[00:11:26] [SPEAKER_00]: Wait, wait, wait, wait, wait.

[00:11:27] [SPEAKER_00]: But he sounds like me, then.

[00:11:29] [SPEAKER_00]: That doesn't make me unique at all.

[00:11:31] [SPEAKER_00]: Well, I think he copies you.

[00:11:33] [SPEAKER_00]: Oh!

[00:11:35] [SPEAKER_00]: I don't think.

[00:11:36] [SPEAKER_00]: Brett's been doing this.

[00:11:37] [SPEAKER_00]: Brett's been doing it longer than I have.

[00:11:39] [SPEAKER_00]: So, if anything, he's probably, well, but wait a minute.

[00:11:42] [SPEAKER_00]: He does come on after I do.

[00:11:45] [SPEAKER_01]: But, yeah, but that's no criteria for judging or, you know, I mean.

[00:11:50] [SPEAKER_01]: That would make Babe Ruth the best baseball player ever, and that's the end of it.

[00:11:54] [SPEAKER_00]: Well, he was.

[00:11:56] [SPEAKER_00]: Okay.

[00:11:59] [SPEAKER_01]: Hey, you know what gives me a brain aneurysm?

[00:12:01] [SPEAKER_01]: And I don't know if it's similar to yours.

[00:12:05] [SPEAKER_01]: These politicians, they all say, you know, they promise the same thing.

[00:12:10] [SPEAKER_01]: And what really bothers me is that instead of people coming to the realization or understanding it,

[00:12:18] [SPEAKER_01]: they all seem to be wanting to buy into it.

[00:12:22] [SPEAKER_01]: That just frustrates me that the people are going to have to make the progress,

[00:12:26] [SPEAKER_01]: and they're just keep getting fed this, I don't know, what's that four-letter word?

[00:12:33] [SPEAKER_01]: Oh, don't say that.

[00:12:34] [SPEAKER_01]: Bunk.

[00:12:35] [SPEAKER_01]: Bunk.

[00:12:36] [SPEAKER_01]: And, okay, so they just buy it.

[00:12:40] [SPEAKER_01]: I just cannot fathom that.

[00:12:43] [SPEAKER_01]: I don't know how we're ever going to get out of it unless people start understanding it.

[00:12:47] [SPEAKER_00]: Well, it's going to require conservatives to build institutions and take back institutions of education,

[00:12:56] [SPEAKER_00]: to train up the next generation in these ideas that have been abandoned and ignored and rejected by leftists

[00:13:06] [SPEAKER_00]: that now control the educational institutions.

[00:13:10] [SPEAKER_00]: That's where we are.

[00:13:12] [SPEAKER_01]: Everything she says, every other word is government.

[00:13:15] [SPEAKER_01]: Yes.

[00:13:17] [SPEAKER_01]: And how can, you know, I mean, unless you're so short-sighted that you don't care what's going to be six months from now,

[00:13:26] [SPEAKER_01]: it's like, I don't know.

[00:13:30] [SPEAKER_01]: You can certainly verbalize it a lot better than I am.

[00:13:33] [SPEAKER_01]: I would just keep hammering at that.

[00:13:36] [SPEAKER_00]: All right, Dean, I appreciate the call, sir.

[00:13:38] [SPEAKER_00]: I will attempt to do so.

[00:13:42] [SPEAKER_00]: So I sound like Brett and Brett sounds like me.

[00:13:47] [SPEAKER_00]: I'm still trying to figure that one out because it kind of seems like we're,

[00:13:50] [SPEAKER_00]: like that would just be like that we are sounding the same.

[00:13:54] [SPEAKER_00]: All right, hey, real quick.

[00:13:55] [SPEAKER_00]: If you would like to get your product or service in front of about 10,000 people multiple times a day,

[00:14:01] [SPEAKER_00]: send me an email at Pete at the Pete Calendar Show dot com and ask me about advertising.

[00:14:06] [SPEAKER_00]: It's super affordable.

[00:14:07] [SPEAKER_00]: It's baked into this podcast forever.

[00:14:10] [SPEAKER_00]: And podcasts have a higher conversion rate than other social media platforms, making it the best bang for your buck.

[00:14:15] [SPEAKER_00]: Send me a message.

[00:14:16] [SPEAKER_00]: Pete at the Pete Calendar Show dot com.

[00:14:19] [SPEAKER_00]: And I can show you how it works.

[00:14:20] [SPEAKER_00]: Run the numbers with you.

[00:14:21] [SPEAKER_00]: Again, that's Pete at the Pete Calendar Show dot com.

[00:14:26] [SPEAKER_00]: Let me see here.

[00:14:27] [SPEAKER_00]: This is from Matt.

[00:14:28] [SPEAKER_00]: Kamala would be better off proposing that existing federal housing dollars are repackaged and sent to each state in the form of block grants with affordable housing construction goals.

[00:14:38] [SPEAKER_00]: From there, state government commissions could judge each local governments for revising their zoning policies and most effectively creating affordable housing policies and starter homes.

[00:14:53] [SPEAKER_00]: Then the state could reward the federal money in the form of local grants to expand or repair utilities.

[00:14:58] [SPEAKER_00]: This would more effectively address the big culprit behind high home prices, which is local government development policies.

[00:15:10] [SPEAKER_00]: Exactly.

[00:15:12] [SPEAKER_00]: And I imagine it would have virtually no effect on federal spending since the wasteful money is already there somewhere.

[00:15:18] [SPEAKER_00]: Great show as always.

[00:15:20] [SPEAKER_00]: Thank you, Matt.

[00:15:23] [SPEAKER_00]: So you got the home buying component of Kamala nomics.

[00:15:29] [SPEAKER_00]: This is from Axios.

[00:15:31] [SPEAKER_00]: Oh, wait.

[00:15:31] [SPEAKER_00]: No, hang on a second here.

[00:15:34] [SPEAKER_00]: Yeah, here we go.

[00:15:35] [SPEAKER_00]: There's three different components I've got here.

[00:15:37] [SPEAKER_00]: The child tax credits, the the construction thing and then the groceries.

[00:15:41] [SPEAKER_00]: So this here is the construction part.

[00:15:44] [SPEAKER_00]: The housing plan, according to the report at the Washington Examiner, the housing plan involves pushing for the construction of millions of new homes while incentivizing the construction.

[00:15:53] [SPEAKER_00]: The construction of homes for first time buyers.

[00:15:55] [SPEAKER_00]: She will call for the construction of three million new housing units over the course of her first term.

[00:16:00] [SPEAKER_00]: So that's just housing units.

[00:16:02] [SPEAKER_00]: I don't know if that's homes.

[00:16:04] [SPEAKER_00]: I don't.

[00:16:06] [SPEAKER_00]: Right.

[00:16:06] [SPEAKER_00]: I don't know.

[00:16:07] [SPEAKER_00]: Does that include condos, multifamily, duplexes, quadplexes?

[00:16:11] [SPEAKER_00]: What about apartment buildings?

[00:16:14] [SPEAKER_00]: We could really use like some more apartment buildings.

[00:16:18] [SPEAKER_00]: Um, the push for more housing comes amid a bruising housing shortage in the United States that has featured decades of undersupply.

[00:16:27] [SPEAKER_00]: Harris's plan appears to build off President Joe Biden's previous call for the construction of two million new homes.

[00:16:33] [SPEAKER_00]: See, so if it sounded familiar, that's because Joe Biden said this.

[00:16:37] [SPEAKER_00]: He wanted two million new homes built.

[00:16:39] [SPEAKER_00]: Build them.

[00:16:41] [SPEAKER_00]: Look, man, build them.

[00:16:43] [SPEAKER_00]: Two million.

[00:16:45] [SPEAKER_00]: And now Kamala is like, or sorry, Kamala.

[00:16:47] [SPEAKER_00]: I don't want to get yelled at like Nancy Mace did on CNN.

[00:16:50] [SPEAKER_00]: Kamala is like.

[00:16:53] [SPEAKER_00]: Same, but different.

[00:16:55] [SPEAKER_00]: Not two million, three million.

[00:16:57] [SPEAKER_00]: Could we do it in five years?

[00:16:59] [SPEAKER_00]: No, no.

[00:16:59] [SPEAKER_00]: It's a four year plan.

[00:17:01] [SPEAKER_00]: Five year plans are so Soviet Union.

[00:17:03] [SPEAKER_00]: This is a four year plan.

[00:17:06] [SPEAKER_00]: She wants three million units built while she's president in her first term.

[00:17:10] [SPEAKER_00]: She's also going to unveil at her stop in Raleigh here in about another hour or so.

[00:17:15] [SPEAKER_00]: I think she's actually already landed in North Carolina.

[00:17:19] [SPEAKER_00]: Um, she's also going to unveil a new tax incentive for builders that will will reward them for building homes for first time homebuyers.

[00:17:27] [SPEAKER_00]: Although there are little details about that plan.

[00:17:29] [SPEAKER_00]: Uh, she'll also pitch a 40 billion dollar fund to help local governments find solutions.

[00:17:35] [SPEAKER_00]: Hmm.

[00:17:36] [SPEAKER_00]: Well, that's.

[00:17:38] [SPEAKER_00]: Now I'm torn.

[00:17:40] [SPEAKER_00]: I'm torn.

[00:17:41] [SPEAKER_00]: Because you know me, I'm all about solutions.

[00:17:44] [SPEAKER_00]: Dang it.

[00:17:45] [SPEAKER_00]: I guess I'm going to have to vote for Kamala Harris.

[00:17:50] [SPEAKER_00]: I'm kidding.

[00:17:52] [SPEAKER_00]: Biden had proposed a 20 billion dollar fund to do the same thing.

[00:17:56] [SPEAKER_00]: See?

[00:17:56] [SPEAKER_00]: So again, same, but different.

[00:17:59] [SPEAKER_00]: Biden said 20 billion.

[00:18:02] [SPEAKER_00]: She's going 40.

[00:18:04] [SPEAKER_00]: This was, this is like the, this is like the joke argument I make when people talk about let's raise the minimum wage to $20 an hour.

[00:18:12] [SPEAKER_00]: Why?

[00:18:13] [SPEAKER_00]: Why 20?

[00:18:14] [SPEAKER_00]: Why not 50?

[00:18:16] [SPEAKER_00]: Why not guarantee everybody an income of a million dollars a year and there will be no more poor people, right?

[00:18:23] [SPEAKER_00]: Everybody will have a million dollars.

[00:18:24] [SPEAKER_00]: What's, what's the problem here?

[00:18:28] [SPEAKER_00]: During this state, uh, this year's State of the Union address, Joe Biden proposed providing a $5,000 tax credit for middle class first time home buyers for two years.

[00:18:39] [SPEAKER_00]: Which he described as a form of mortgage relief.

[00:18:42] [SPEAKER_00]: He also pitched a $10,000 credit for those who sell their starter homes.

[00:18:46] [SPEAKER_00]: But critics of that plan contend that doing so would backfire by increasing demand and putting upward pressure on home prices.

[00:18:54] [SPEAKER_00]: Harris is now proposing that families who have paid their rent on time for two years and are first time home buyers,

[00:19:00] [SPEAKER_00]: that they would get up to $25,000 in down payment assistance with more generous support for first generation homeowners.

[00:19:09] [SPEAKER_00]: Biden has also pushed for Congress to make it so corporate landlords have to cap rent increases on existing units at 5% or lose tax breaks.

[00:19:22] [SPEAKER_00]: So we're going to do rent control, right?

[00:19:25] [SPEAKER_00]: We're going to subsidize because we have this housing shortage.

[00:19:32] [SPEAKER_00]: And she's saying 3 million in 3 million units need to come online in four years.

[00:19:38] [SPEAKER_00]: Okay.

[00:19:39] [SPEAKER_00]: Again, you know me.

[00:19:41] [SPEAKER_00]: I am all about solutions.

[00:19:42] [SPEAKER_00]: And there are no bad ideas under the cone of creativity.

[00:19:47] [SPEAKER_00]: And no, this plan is not under the cone of creativity.

[00:19:51] [SPEAKER_00]: This is a press release.

[00:19:52] [SPEAKER_00]: So you're outside the cone.

[00:19:54] [SPEAKER_00]: Okay.

[00:19:54] [SPEAKER_00]: But here, under the cone, I have an idea.

[00:19:57] [SPEAKER_00]: I'm just going to throw this out there, right?

[00:19:59] [SPEAKER_00]: I think I might be able to reduce demand by about 10 to 20 million people.

[00:20:10] [SPEAKER_00]: Uh-huh.

[00:20:11] [SPEAKER_00]: Yeah.

[00:20:12] [SPEAKER_00]: No.

[00:20:12] [SPEAKER_00]: For real.

[00:20:13] [SPEAKER_00]: Like, just think.

[00:20:15] [SPEAKER_00]: Let's say 10 million people now are not in America anymore.

[00:20:21] [SPEAKER_00]: And so they don't need a place to live in America because they're not here.

[00:20:25] [SPEAKER_00]: That would free up.

[00:20:27] [SPEAKER_00]: I'm thinking probably, I don't know, maybe 5 million units.

[00:20:32] [SPEAKER_00]: If there's 10 million gone, maybe 5 million units, maybe two and a half.

[00:20:38] [SPEAKER_00]: I don't know.

[00:20:38] [SPEAKER_00]: Depending on the size of the family.

[00:20:40] [SPEAKER_00]: I think I have a way also to find those people that we could then remove from America.

[00:20:58] [SPEAKER_00]: I'm not talking about everybody that voted for Joe Biden.

[00:21:01] [SPEAKER_00]: That's not what I'm saying.

[00:21:04] [SPEAKER_00]: Right.

[00:21:06] [SPEAKER_00]: Do you think that maybe importing 20 million people over the last four years, do you think

[00:21:12] [SPEAKER_00]: that that might be putting some upward pressure on demand for the housing?

[00:21:16] [SPEAKER_00]: What do you think?

[00:21:17] [SPEAKER_00]: Let's get Steve on.

[00:21:18] [SPEAKER_00]: Hello, Steve.

[00:21:19] [SPEAKER_00]: Welcome to the program.

[00:21:20] [SPEAKER_00]: How are you?

[00:21:21] [SPEAKER_02]: Hello, Pete.

[00:21:22] [SPEAKER_02]: Hey.

[00:21:22] [SPEAKER_02]: Good show as usual.

[00:21:23] [SPEAKER_02]: Thank you, sir.

[00:21:24] [SPEAKER_02]: I want you to play a little poker with me now, okay?

[00:21:26] [SPEAKER_02]: Okay.

[00:21:26] [SPEAKER_02]: I'm going to play poker with you right now in front of everybody.

[00:21:28] [SPEAKER_02]: Oh, my goodness.

[00:21:29] [SPEAKER_02]: I see your 10 million and I raise it 20 million.

[00:21:32] [SPEAKER_00]: You raise it 20?

[00:21:34] [SPEAKER_00]: 20 million.

[00:21:35] [SPEAKER_00]: Yes, you raise it.

[00:21:35] [SPEAKER_00]: So we're up to 30 million?

[00:21:38] [SPEAKER_00]: Yep.

[00:21:39] [SPEAKER_00]: Where are the other 30?

[00:21:40] [SPEAKER_00]: Where are the other 20 coming from?

[00:21:41] [SPEAKER_00]: I think if we look hard, we might find them.

[00:21:44] [SPEAKER_00]: So you think there's 30 million people here illegally?

[00:21:48] [SPEAKER_02]: They're going to be.

[00:21:49] [SPEAKER_02]: By the time they get these 3 million houses built, yes.

[00:21:53] [SPEAKER_00]: Well, that's probably the case.

[00:21:55] [SPEAKER_00]: That is probably the case.

[00:21:57] [SPEAKER_00]: Steve, I appreciate the call, sir.

[00:21:58] [SPEAKER_00]: This is the absurdity of their programs.

[00:22:02] [SPEAKER_00]: It requires people to have no knowledge of economics and how things work.

[00:22:07] [SPEAKER_00]: For example, here's a message from Melissa.

[00:22:11] [SPEAKER_00]: I have had two custom houses built for me, one of which I still own.

[00:22:15] [SPEAKER_00]: I've purchased and sold six others.

[00:22:19] [SPEAKER_00]: I have a bit of experience in the housing market.

[00:22:22] [SPEAKER_00]: The one common denominator in all of the aforementioned homes is land.

[00:22:29] [SPEAKER_00]: In fact, I have heard that they're not making any more of it, which would be big if true.

[00:22:34] [SPEAKER_00]: Where does Kamala propose to obtain the land to build all of these starter homes?

[00:22:40] [SPEAKER_00]: Well, we're just going to tear down all the trees.

[00:22:43] [SPEAKER_00]: You know, those things that take the CO2 out of the environment.

[00:22:47] [SPEAKER_00]: Duh.

[00:22:48] Yeah.

[00:22:50] [SPEAKER_00]: Maybe she's thinking eminent domain to procure it.

[00:22:54] [SPEAKER_00]: Or build on the abandoned farms and pastures after price controls make it no longer profitable to grow food or raise cattle.

[00:23:02] [SPEAKER_00]: Well, here's the thing.

[00:23:04] [SPEAKER_00]: This is why developers go to greenfield development.

[00:23:07] [SPEAKER_00]: Greenfield development meaning that exact thing where it's just, you know, empty land.

[00:23:13] [SPEAKER_00]: Farmland or woods or whatever.

[00:23:17] [SPEAKER_00]: That land per acreage is usually far cheaper than land that is in a suburban or urban environment.

[00:23:28] [SPEAKER_00]: That's what drives up the costs.

[00:23:32] [SPEAKER_00]: As well as government regulatory policies.

[00:23:35] [SPEAKER_00]: There was a guy in Asheville.

[00:23:38] [SPEAKER_00]: I met him when I moved up there.

[00:23:40] [SPEAKER_00]: He was a home builder.

[00:23:43] [SPEAKER_00]: And I've mentioned him before.

[00:23:44] [SPEAKER_00]: His name is, well, he would buy and sell homes and he would flip them.

[00:23:49] [SPEAKER_00]: He wrote a series called the Weekend Millionaire Series.

[00:23:51] [SPEAKER_00]: His name is Mike Summey.

[00:23:53] [SPEAKER_00]: And this guy was, you know, a rags to riches self-made millionaire in Asheville.

[00:23:58] [SPEAKER_00]: And he volunteered his time with the Asheville city government on like a citizens panel.

[00:24:08] [SPEAKER_00]: I don't know if there were blue ribbons, but the purpose of this panel, this commission or committee, whatever it was, was to figure out a way to get more housing built.

[00:24:21] [SPEAKER_00]: And so he has a computer program and he showed it to them in the meeting.

[00:24:26] [SPEAKER_00]: He tells the story of how he's got his computer open and he's running the numbers.

[00:24:32] [SPEAKER_00]: And he's like, okay, tell me what is a reasonable profit margin?

[00:24:37] [SPEAKER_00]: And everybody around the table, which is basically stacked with, you know, leftists.

[00:24:43] [SPEAKER_00]: And they kind of agree that a 3% margin would be acceptable.

[00:24:48] [SPEAKER_00]: That's reasonable.

[00:24:49] [SPEAKER_00]: As our president Joe Biden said, quote, I'm a capitalist.

[00:24:52] [SPEAKER_00]: I have no problem with companies making reasonable profits.

[00:24:56] [SPEAKER_00]: But not on the backs of seniors and working families.

[00:25:00] [SPEAKER_00]: Okay, so not even reasonable profits.

[00:25:02] [SPEAKER_00]: Sorry, bad example.

[00:25:03] [SPEAKER_00]: But anyway, so that's not capitalism, Joe.

[00:25:05] [SPEAKER_00]: But anyway, it's probably not even Joe.

[00:25:07] [SPEAKER_00]: It was a tweet.

[00:25:07] [SPEAKER_00]: So it was probably one of his staffers who's the leftist Marxist.

[00:25:10] [SPEAKER_00]: But Mike Summey runs the numbers in his program.

[00:25:14] [SPEAKER_00]: And then he starts, he's like, all right, give me this project.

[00:25:17] [SPEAKER_00]: They're looking.

[00:25:17] [SPEAKER_00]: He takes one specific project and he starts plugging in the numbers.

[00:25:21] [SPEAKER_00]: And it's running a deficit.

[00:25:24] [SPEAKER_00]: And it's like your rules of where, like the little buffers that have to be built and where the access points need to be and the sight lines and the view shed.

[00:25:34] [SPEAKER_00]: That's a thing.

[00:25:35] [SPEAKER_00]: Don't ruin my view.

[00:25:37] [SPEAKER_00]: All of these different rules that apply to building on a site, on an infill urban site, make it financially detrimental to do so.

[00:25:49] [SPEAKER_00]: You're not even going to get a 1% return.

[00:25:51] [SPEAKER_00]: And if anything goes wrong during construction, you're losing money.

[00:25:56] [SPEAKER_00]: You're losing money.

[00:25:57] [SPEAKER_00]: And on a site like this, this tiny little infill site, this is not a major developer with deep pockets that's doing that kind of work.

[00:26:05] [SPEAKER_00]: These are smaller, mid-level developers.

[00:26:08] [SPEAKER_00]: And they're risking, usually they put their house up, their vehicles, right?

[00:26:13] [SPEAKER_00]: One bad project and they're bankrupt.

[00:26:16] [SPEAKER_00]: They're out of everything.

[00:26:19] [SPEAKER_00]: And so why would they do that project?

[00:26:22] [SPEAKER_00]: And after running the numbers and showing people that their policies are preventing housing from being built in Asheville that is demanding more housing,

[00:26:34] [SPEAKER_00]: they refuse to listen to him because the ideology trumps the logic and the economics.

[00:26:40] [SPEAKER_00]: And that's what we're dealing with here.

[00:26:42] [SPEAKER_00]: Same thing with the grocery store thing.

[00:26:45] [SPEAKER_00]: She wants to enact a first ever federal ban on, quote, corporate price gouging.

[00:26:51] [SPEAKER_00]: The details of what such a proposal would look like have not been released, although the campaign said Harris would give authority to the Federal Trade Commission and state attorneys general to, quote,

[00:27:01] [SPEAKER_00]: investigate and impose harsh penalties on corporations who break their price gouging rules.

[00:27:09] [SPEAKER_00]: Do you know what the profit margin for a grocery store is?

[00:27:13] [SPEAKER_00]: It's like between 2% to 3%.

[00:27:17] [SPEAKER_00]: It's one of the lowest profit margins in business.

[00:27:21] [SPEAKER_00]: And that's who you're going to target for making, quote, unreasonable profits.

[00:27:26] [SPEAKER_00]: And again, who determines what is and is not reasonable?

[00:27:33] [SPEAKER_00]: Oh, of course.

[00:27:34] [SPEAKER_00]: Yeah, the central planners.

[00:27:36] [SPEAKER_00]: All right.

[00:27:36] [SPEAKER_00]: That'll do it for this episode.

[00:27:38] [SPEAKER_00]: Thank you so much for listening.

[00:27:39] [SPEAKER_00]: I could not do the show without your support and the support of the businesses that advertise on the podcast.

[00:27:44] [SPEAKER_00]: So if you'd like, please support them, too, and tell them you heard it here.

[00:27:47] [SPEAKER_00]: You can also become a patron at my Patreon page or go to thepcalendorshow.com.

[00:27:53] [SPEAKER_00]: Again, thank you so much for listening.

[00:27:54] [SPEAKER_00]: And don't break anything while I'm gone.