Politics & MoneyReal Estate

Hillary Clinton on CFPB: Why would you get rid of that?

Gives speech on her economic plan

Hillary Clinton, the Democrat presidential nominee gave a speech Thursday in Warren, Michigan, and unsurprisingly, housing was barely mentioned once again.  

This speech follows the economic speech from Republican presidential nominee Donald Trump on Monday in Detroit, Michigan, where he also touched on housing.

What very little she did say, was that Trump intends to disband the Consumer Financial Protection Bureau. Clinton emphasized the help the CFPB brings consumers, and questioned: “Why would you want to get rid of that?”

Does Trump really want to disband the CFPB?

Possibly, but that’s not exactly what he said. To be honest, he hasn’t said much of anything concerning the housing industry.

More specifically, he said on Monday that he would immediately stop all new regulations from agencies. During that time, he’ll analyze current regulations and their effect on the economy.

The Republican party, on the other hand, approved its 2016 party platform, which included changing the structure of the CFPB.

On the other hand, Clinton said in her speech that she supports more government regulations, and would expand upon current regulatory authorities.

Scattered throughout her speech, Clinton made several jabs at Trump, even claiming that his platform relied on fear.

She also touched on taxes, saying that she wanted to make it easier for credit unions and community banks. 

“I would propose a new plan that will dramatically simplify tax filing for small businesses to help community banks and credit unions,” Clinton said. “In America if you can dream it you should be able to build it”

Her speech focused more on jobs than anything else; she said she will work to get the middle class tax relief, and accused Trump of creating a tax plan that would benefit only himself and the super-rich.

Many Americans expressed that housing is an important issue for them, and that they are more likely to support a candidate who make affordable housing a focus in their campaign.

Despite this, however, time is running out before the November election, and with it, hope that either candidate will make housing a major focus.  

The candidates’ refusal to talk about housing is causing many to turn against them when asked which president would be best for housing, according to a special report by Redfin in June.

So who did the surveyed homebuyers nominate at the best candidate for housing?

No one.

Actually “Other” won the most votes at 28%.

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