Story perspectives

Trump Attacks Harris Over Inflation as Housing Crisis Deepens

5/13/2026

Summary

Trump Attacks Inflation

U.S. President Donald Trump attacked Vice President Kamala Harris over inflation while stressing affordability in the 2024 race.
Mayoral candidate Mamdani won the 2025 election on a rent-and-transit platform.
Voter Luis Hernandez said rising health, home and auto insurance premiums are squeezing his earnings.
The Legislative Analyst’s Office notes median California homes cost about $775,000 and candidates propose easing zoning to boost supply.

Summary

Steyer Pushes Modular

Politician Tom Steyer pushed modular, factory-built housing to cut costs 20 percent and close a $20 billion tax loophole.
Attorney General Xavier Becerra and Representative Katie Porter pledged lawsuits to enforce housing mandates, backed prevailing-wage, and warned raise prices, citing a RAND study showing projects average 49 months versus 37 months in Colorado.
Mayor Matt Mahan said impact fees can exceed $100,000 per unit, urged capping them, and noted $65,000 feasibility studies lack benefits.

History

Historical Context

In June 1978 California voters approved Proposition 13, capping property taxes at 1 % of 1976 assessed values and limiting annual increases to 2 %. The measure cut revenues by about 60 % statewide, prompting local governments to rely on special taxes and fees. Attorney General Xavier Becerra and Mayor Matt Mahan grapple with $100,000 impact-fee burdens while seeking modular housing solutions.

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Trump Attacks Inflation

U.S. President Donald Trump attacked Vice President Kamala Harris over inflation while stressing affordability in the 2024 race.
Mayoral candidate Mamdani won the 2025 election on a rent-and-transit platform.
Voter Luis Hernandez said rising health, home and auto insurance premiums are squeezing his earnings.
The Legislative Analyst’s Office notes median California homes cost about $775,000 and candidates propose easing zoning to boost supply.

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