When Robert F. Kennedy ran for President in 2024, he made a campaign stop in Louisville. A blog post on Fastzone carried his message. Much of what he said in October 2023 in Louisville is repeated in the below video.
Home ownership today may be enabled by government assistance. RFK is not opposed to a certain amount of that. When he campaigned, he proposed a government-backed 3% mortgage rate for first-time, single-family home buyers, likening it to having a "rich uncle" co-sign the loan— where "Uncle Sam" guarantees the mortgage. This plan aims to reduce average monthly payments by approximately $1,000 and counteract the corporate consolidation of the housing market, which he said threatened to place 40 percent of single-family homes under institutional ownership by 2030. He argued that widespread home ownership stabilizes communities and is essential for the survival of American democracy and economic fairness.
Perhaps his concept could help to define what Affordable Housing is.
As a community and society, we need a straightforward and clear definition of what AFFORDABLE HOUSING actually is. In Louisville Metro there are new apartments in residential neighborhoods that are called Affordable Housing, but the rent is $3K/month. For most people that is not affordable. And calling it that evokes an eerie sense that one has been left behind. In fact, it is troubling to hear an apartment termed a house, or housing. Renting is much different than owning.
Louisville's downtown commercial buildings are being refitted as apartments for homeless or low-income, or middle-income residents, and it is all called Affordable Housing.
Robert F. Kennedy Jr. emphasizes home ownership— NOT renting an apartment— as a cornerstone of the American dream and a critical pathway to rebuilding the middle class. He argues that owning a home fosters community engagement, civic responsibility, and economic independence, stating that homeowners are more likely to care about their neighborhoods, schools, police, and local governance. In contrast, he warns that a shift toward renting—driven by large corporate landlords like BlackRock and Vanguard—turns citizens into "subjects" and undermines democratic participation. - AI
Kennedy links home ownership to broader economic empowerment, noting that property equity enables individuals to access capital for entrepreneurial ventures, which he credits for the post-World War II economic boom. He highlights that the promise of home ownership on a single income no longer feels attainable for younger generations, citing rising home prices, high interest rates, and stagnant wages. - AI
Stay tuned for more reporting on Affordable Houisng. Fastzone would like to change the narrative so that some schemes that are called Affordable Housing are correctly labeled as wealth transfer, that is, Marxism.