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.
Anecdotal. I’m glad you live in a wealthy place. New cars are generally leased, and usually irresponsibly. Airplanes for travel, shipment of goods, leisure or deportation?
Obviously Gaza has no economy, its been turned into a wasteland.
The tech sector being whom exactly? I know quite a few engineers who have been unemployed for about a year or so. Are you talking about the skeleton crews they’ve kept? Or maybe the LLM snake oil salesman? The billonares or business owners themselves? Or do you mean surveillance state datacenter construction?
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
I’m not sure why you’d want to advocate for Republicans fucking the economy and stock market simultaneously
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.
That’s exactly what it is. Nowhere did I say it was current. Perhaps this will refresh your memory:
It has bright colors, maybe what’s left of your brain can figure it out
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 ✌️🕊️
You didn’t address a single fucking thing because you have next to no understanding of the economy or stocks in general. If you did you would know exactly what that graph was by the date. The indexes hit their lowest low since 2020 due to the presidents continuous pump schemes. Stocks may look okay currently but its completely artificial, you’ll figure that out when it goes tits up again. Hopefully you go completely broke. I straight up wish the worst for your future. Good luck you troglodytic fuck ✌️🖕