Biden Proposes New Housing Tax Credits But Faces Uphill Battle for Passage

Biden proposed new tax credits and policies aimed at lowering housing costs, but expert says none of those tax proposals will pass Congress
There is a major housing shortage in the U.S., around 4 million units, so we need more supply rather than measures to simply boost demand
The proposals are politically motivated to draw contrast with Trump rather than legislative achievements
Biden attacking 'junk fees' could lead to administrative action, which investors should watch
The speech signals the start of the 2024 general election, with Biden aiming to contrast himself from Trump to attract key voters