Nevada
Looking into how housing policies from each presidential candidate would affect Southern Nevada
LAS VEGAS (KTNV) — During this election, one of the biggest topics on the minds of voters is the economy and housing affordability.
In Southern Nevada, the average price of a single-family home in August of this year was $476,875, almost back to the record high set during the pandemic.
I looked into what both Vice President Kamala Harris and former President Donald Trump have planned when it comes to housing.
On Trump’s website, the policy says:
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Andrew Harnik/AP |
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To view Trump’s policy, click here.
I spoke to experts in the field to see how this will all play out here in Southern Nevada — experts like Bob Hamrick, President of Coldwell Banker Premier Realty.
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Joe Moeller asks former President Trump about Southern Nevada’s land problem
“Opening federal land for Southern Nevada would have the greatest impact for Southern Nevada versus anywhere else in the country because Nevada has the most amount of government owned land,” Hamrick said.
RELATED STORY | Is Southern Nevada running out of available land for development?
And if you go over to Harris’ website, this is her policy which reads in part:
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Evelyn Hockstein/AP |
To view Harris’ policy, click here.
RELATED STORY | Here is what each candidate said on hotbed issues for Nevadans during the ABC presidential debate
The $25,000 is the biggest one people are talking about. $25,000 to help first-time homebuyers. I asked Hamrick how this would play out.
“Any effort to incentivize buyers to purchase or give them an opportunity to make it easier to purchase is going to be beneficial,” Hamrick said.
“The question is: where is that $25,000 coming from? What is it going to go towards? And the most significant way in which we can have an impact on affordability is to bring down interest rates…I would also say that all real estate is local, and our local governments and state governments have a greater opportunity to impact housing in our states and in our regions than a president does. Whichever president gets elected is going to be great for the housing market.”
I also spoke with Social Sciences Professor Sondra Cosgrove with the College of Southern Nevada to ask which plan is more realistic.
“I think they are both realistic, if either one of them becomes president and they have a Congress that wants to work on these issues I think it is realistic to do. I think every state and every city is going to have a different reaction depending on how much resources we have at a local level to match what is happening at a federal level,” Cosgrove said.
California Gov. Gavin Newsom won’t admit it, but a move by President Donald Trump is especially helpful to drivers in California — and Nevada.
Gasoline prices are pressuring consumers around the country. On Friday, the average U.S. price was $4.55 a gallon. In California, that would be a bargain. The average there was $6.16 a gallon. Nevada’s average was $5.23 a gallon, the result of around 88 percent of the state’s gasoline coming from California.
It might be getting worse — regardless of what happens in Iran.
In recent months, two major California refineries have shut down. That represented a 17 percent reduction in California’s refining capacity. Their closures weren’t caused by the Iran war, but by Gov. Newsom and California’s relentless attacks on fossil fuels.
To make up for the fuel it won’t extract or refine in-state, California depends on imports from foreign countries.
“We are importing 30 percent of our crude oil from the Middle East,” Mike Ariza, a former control board supervisor at the Valero Benicia Refinery, said in an interview. He has been warning the public about California’s potential fuel shortage. “There are not very many ships left on the way that have fuel,” he said last month.
Last week, KCRA-TV in Sacramento reported that “about 2 million barrels of oil are in the process of being unloaded in Long Beach off of the last California-bound tanker that got through the Strait of Hormuz.”
At a California legislative hearing Tuesday, Siva Gunda, the vice chairman of the California Energy Commission, said the state has enough gasoline to accommodate demand for the next six weeks. That’s not a very long time, especially given that it takes weeks or months for oil to travel from the Middle East to California. And that process won’t begin until the Strait of Hormuz reopens.
There is a region, however, with abundant oil available for sale and safe passage — the southeastern United States. Unfortunately, the Jones Act, an antiquated 1920 law, mandates that only U.S.-flagged ships may move cargo between U.S. ports. But only 55 of the more than 7,000 oil tankers worldwide comply with this requirement.
This is where Mr. Trump rode to the rescue. Late last month, the White House announced Mr. Trump would suspend the Jones Act for another 90 days. In March, he originally waived it for 60 days. This will make it easier for California and Nevada to obtain domestic product.
If only Mr. Trump could also suspend the destructive energy policies imposed by Gov. Newsom and California Democrats.
LAS VEGAS (KSNV) — An adoptable pet is in the spotlight for “Furever Home Friday,” with Amy from the Nevada SPCA featured in a segment highlighting an animal available for adoption today.
The Nevada SPCA encouraged viewers looking to add a pet to their family to consider adopting.
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