The American economy is still reflecting recession indicators, and its subsequent recovery is projected to be protracted, where the real estate industry is acting as a canary in the colliery. Home loans for property purchases are down 13% from the previous year and are down 37% nationwide (Shenai, 2018). Since the housing recession of 2009, as per Black Knight Data & Analytics, property prices have plummeted. With specific forecasts anticipating rate hikes, loan rates have more than quadrupled. The wealthiest country in the world, where nearly one-third of households missed or decreased the number of their meals during the past year due to a shortage of food, is experiencing a rise in food insecurity, according to the Dunnhumby Consumer Trends Tracker (Shenai, 2018). Because those with modest incomes generally have to pay higher prices even for commodities like energy and accommodation, the fuel cost has risen, adversely impacting individuals of color and the poorest Americans. They are already experiencing the ramifications of Bidenflation, and it is uncertain what, if something, policymakers can do to help turn things around.
The presidency’s power has evolved in response to various crises and challenges. To be most effective, the presidency still is required to work with the other institutions in a bid to take care of the needs of its citizens. A president acting alone on significant problems will undoubtedly stir controversy and raise the likelihood of critical complications inside the government (Crash Course, 2015). Presidents who cooperate with other government agencies to advance national goals through diplomacy and negotiation are productive, especially during periods of peace. By increasing the availability of high-quality housing in every region and ensuring the affordability of gas and food, the presidency should adopt a housing, food, and energy strategy to ease the burden of property prices, fuel costs, and rising costs over time (Nelles, 2022). The plan should include legislative and administrative policies that, beginning with the construction and retention of many affordable dwelling units, will help close America’s housing supply gap in the years ahead. When coupled with other housing affordability and cost-cutting strategies, like rental and downpayment aid.
Housing stability and food availability are strongly linked. Individuals struggling to make ends meet might not have much money left after paying their rent and bills and risk being evicted, going without a place to live, or dwelling in poor regions where it is more difficult to obtain quality, affordable food. Closing the disparity will make housing more attainable for Americans in all areas and result in more moderate rentals (Crash Course, 2015). Limited food availability is a challenge in both societies and one’s income. Particularly in areas with a high number of empty properties and blight, many low-income people reside in impoverished zones that need to be revitalized. Individuals that lack access to resources in and around their region are situated considerably away from recognized learning institutions, healthcare facilities, worksites, and healthy, relatively affordable food. Families will have more income to spend on necessities such as food once they can find stable, subsidized housing.
As a response, authorities must offer comprehensive remedies to the complex situations that individuals experience when contemplating how to allocate their scarce resources. The campaign for greater access to food can be won or lost by ensuring safe, affordable, and stable housing. Instituting a comprehensive legislative strategy for creating more affordable homes could be a valuable tool for addressing food insecurity for many families.
References
Crash Course. (2015).Presidential Power: Crash Course Government and Politics #11 [Video]. YouTube.
Crash Course. (2015). How Presidents Govern: Crash Course Government and Politics #14[Video]. YouTube.
Nelles, J. (2022). The economy is struggling, and democratic constituents are suffering most. Newsweek.
Shenai, N. (2018). Monetary policy and the housing bubble. Social Finance 73–101.