Former Arkansas Gov. Mike Huckabee announced his campaign earlier this month in his hometown of Hope, Arkansas. In his first speech as an official candidate, Huckabee touched many of the expected touchstones of his campaign, including the “dysfunctional” government in Washington, repealing Obamacare, “conquering” jihadism, banning both abortion and gay marriage.
But Huckabee also touched, ever so briefly, on an issue that HousingWire follows very closely – housing.
Here’s the important bit for those us who monitor housing closely, bolded for emphasis –
Washington is more dysfunctional than ever and has become so beholden to the donor class who fills the campaign coffers that it ignores the fact that one-in-four American families are paying more than half their income for housing. Home ownership is at the lowest level in decades and young people with heavy student debt aren’t likely to afford their first home for a while.
Our federal policies for affordable housing aren’t designed to protect families, but to protect bureaucrats. A record number of people are enrolled in government operated help programs like food stamps, not because they want to be in poverty, but because they are part of the bottom earning 90% of American workers whose wages have been stagnant for 40 years. The war on poverty hasn’t ended poverty; it’s prolonged it. I don’t judge the success of government by how many people are on assistance, but by how many people have good jobs and don’t need government assistance.
(Transcript provided by Real Clear Politics)
Huckabee isn’t wrong in his comments on the amount that American’s are currently paying for housing or that homeownership is at a record low, but there is one part where Huckabee is mistaken – at least according to a new report from TransUnion.
The new report from TransUnion shows younger consumers with student debt are actually quite able to get a mortgage.
According to the TransUnion report, consumers between the ages of 18 and 29 with a student loan in repayment are “generally able” to gain access to new loans and perform as well or better on those new loans as similarly aged consumers without student loans.