RFK Jr. Champions Homeownership as Key to Middle-Class Stability

Photo byinman

In a compelling appearance at Inman Connect in Las Vegas, independent presidential candidate Robert F. Kennedy Jr. underscored the significance of homeownership to the American middle class, arguing that it is a vital component of economic prosperity. Kennedy’s comments resonated strongly with an audience of real estate professionals as he outlined his vision for improving housing affordability and market dynamics.

Homeownership and the Middle Class

Kennedy, engaged in a conversation with Inman founder Brad Inman, reminisced about a time when the average home cost $7,000 and annual incomes were around $5,000. He attributed the surge in middle-class wealth and economic vitality to widespread homeownership during that era. “The American middle class was the greatest economic engine in history,” Kennedy asserted. “This ferment of economic activity was rooted in homeownership.”

However, Kennedy expressed concern about current trends pushing homeownership further out of reach for many Americans. “We’re going today from a nation of homeowners to a nation of renters,” he warned, suggesting that this shift could undermine civic engagement and personal autonomy.

Critique of Antitrust Lawsuits

Kennedy also weighed in on the ongoing antitrust lawsuits against the National Association of Realtors and various industry players. While not fully versed in the legal intricacies, he criticized the lawsuits as counterproductive and unjust. “It seems irrational,” he said, adding that if elected, he would seek a solution that aligns with his vision of supporting small businesses, including real estate agents.

Policy Proposals and Vision

Kennedy’s proposals to enhance homeownership access include:

• Restricting Corporate Home Purchases: Kennedy advocates limiting major corporations from buying large quantities of homes, which he believes would increase housing availability.
• Zoning and Planning Reforms: He proposes creating incentives for local governments to ease zoning and planning regulations, aiming to boost housing supply and encourage innovative housing solutions like tiny homes.

Kennedy emphasized the need for imaginative approaches to building affordable housing and addressed overregulation as a significant barrier. “We need to build,” he stated. “We need to be imaginative about building low-income housing — low-income housing that’s enriching rather than subduing.”

Engagement with the Audience

Despite taking the stage on the final day of Inman Connect, Kennedy drew a large crowd, with attendees queuing through the exhibition hall. His appearance was closely guarded, reflecting the high security surrounding his visit.

On Other Issues

Kennedy addressed various topics beyond housing, including his stance on vaccines and trust in institutions. He clarified that while he supports the right to choose vaccines, he advocates for transparency regarding their safety and efficacy. Additionally, Kennedy critiqued the notion of uncritical trust in experts, emphasizing skepticism as a cornerstone of democracy and scientific inquiry.

Impact on the Presidential Race

Kennedy acknowledged that the recent entry of Vice President Kamala Harris into the presidential race might affect his campaign. Despite this, he expressed optimism about gaining support, particularly from the business community concerned about Harris's economic policies. He also noted that Trump’s recent support surge might wane due to dissatisfaction with his approach.

As Kennedy navigates his campaign, he remains hopeful about his chances and determined to advance his vision for a more equitable housing market and a vibrant middle class.