https://people.com/trump-keep-home-prices-high-11895352>In a seeming reversal from his recent promises about increasing affordability, President Donald Trump said during a Cabinet meeting on Thursday, Jan. 29, that his goal is to keep housing prices up to avoid inadvertently benefiting Americans who "didn't work very hard.">"People that own their homes, we're gonna keep them wealthy. We're gonna keep those prices up," he said. "We're not gonna destroy the value of their homes so that somebody who didn't work very hard can buy a home.">Stepping back a bit, he added, "We're gonna make it easier to buy, we're gonna get interest rates down, but I wanna protect the people that, for the first time in their lives, feel good about themselves. They feel like, you know, that they're wealthy people.">Trump then circled back to his plan to increase housing costs: "There's so much talk about, 'Oh, we're gonna drive housing prices down.' I don't wanna drive housing prices down, I wanna drive housing prices up for people that own their homes, and they can be assured that's what's gonna happen."
>>1485537>The president's latest plan comes just weeks after he announced his intention to make housing more affordable, including backing an initiative to ban corporations from being able to purchase single-family homes.>"For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans," he wrote on Truth Social on Jan. 7.>"It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations," he continued.>The following day, Trump made another post about affordability, this time including an explicit promise to bring down housing costs.>"I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS," he said. "This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable.">"It is one of my many steps in restoring Affordability, something that the Biden Administration absolutely destroyed," he added. "We are bringing back the AMERICAN DREAM that was destroyed by the last Administration. MAKE AMERICA GREAT AGAIN!"
>>1485539>Trump's rhetoric on housing wasn't the only notable part of Thursday's Cabinet meeting. While going around the table, he skipped over Homeland Security Secretary Kristi Noem. He then abruptly ended the meeting without taking questions from the assembled members of the White House press corps, some of whom found the decision odd.>CNN's Kaitlan Collins said after the meeting, "I'm not sure I've ever been in a cabinet meeting covering the president, whether in this term... or in his first term, where he did not take questions from reporters at the end. It's extremely rare.">Skipping both the press questions and Noem's turn to speak allowed Trump to avoid wading into conversation about the recent immigration controversies in Minneapolis, including the protests following the shooting deaths of Renee Good and Alex Pretti, the recent attack on Rep. Ilhan Omar while she was denouncing Noem, and the distressing detention center updates about 5-year-old Liam Conejo Ramos, who went viral when he and his father were detained by ICE while returning home from preschool.>"There have been a ton of headlines generated around Minneapolis, what's happening there... That did not come up at all during this Cabinet meeting, and we were there for over an hour and a half," Collins noted. "Not once was Minneapolis brought up, and obviously, no questions were brought up to the president because he did not take questions, despite talking during the Cabinet meeting about how he believes they are the most transparent administration ever."
This is not a good stance to take on housing, in my opinion.
Pandering to his boomer base, who are probably the only non-indians who still legitimately believe in him.
This went over so poorly he released more epstein files
>>1485537I wonder.Which president had home prices rise higher, was it between January 20 2017-2021 during Trump's first term, or between January 20 2021-2025 during Biden's only term?Under which president did housing become more unaffordable?
>>1485537You'd think he of all people would know that you don't need to work hard to be a rich man.
>>1485714files that had some pretty damning reports about what he did to kids.>>1485731Nice whataboutism. Is this thread about Biden, who no longer has the ability to influence housing prices?
>>1485731Quit making excuses for the aged cheddar cheeto
>>1485537Owning a home is a privilege, not a right. Work hard, get a good job, live within your means, and you will eventually be able to pay of your mortgage. Life shouldn't be easy. There is no such thing as a free lunch, you will always have to pay, and that means hard work. Things being hard has the plus of filtering out all the low IQ retards, which is why America has the number one economy in the world. Things like healthcare, housing prices, etc. keep people motivated to do their best or else. Thinking you are owed an easy life is libtard delusions.
>>1485761But he did have the ability to influence the price of housing until 1 year agoIt is easy to take a Trump quote out of context and say "Trump is making housing more affordable" it's another thing to look at the data and say "Between the start and end of Biden's only term housing prices went up on average 17%, while between the start and end of Trump's first term housing prices went up an average of 5%
>>1485772>It is easy to take a Trump quote out of contextHe literally said outright he doesn't intend to bring prices down.
>>1485774Using the S&P CoreLogic Case-Shiller U.S. National Home Price Index (NSA, base January 2000 = 100) as the standard measure for home price changes. This index tracks repeat sales of single-family homes across the U.S. and is widely recognized as a reliable benchmark for national home price trends.The starting index for Trump was 184.63, the ending index was 236.39, or a 28% increase. While Biden started at 236.39, ended at 323.67, or a 36.9% increaseAre you going to say that Joe Biden was better because he didn't say he was going to raise home prices when the price of housing increased by over a third under his administration?
>>1485776>'Oh, we're gonna drive housing prices down.' I don't wanna drive housing prices down, I wanna drive housing prices up for people that own their homes, and they can be assured that's what's gonna happenWhen someone tells you who they are, believe them.
>>1485778https://www.cnn.com/2024/03/08/economy/fed-biden-housing-affordability-crisishttps://www.youtube.com/watch?v=Z-nZM8psoGIBiden said he had a plan for bringing down the cost of housing.Did you believe Joe Biden when he said he would bring down the cost of housing? That is what he told you he was going to do
>>1485781And I'm supposed to think this means the guy who said he's trying to making housing more expensive actually means he's gonna bring it down?
>>1485768>Owning a home is a privilege, not a right.kys lmaoToday in news: 9 out of 10 Chinese citizens now own their own homes. Don't feel jealous, serf. That's just what it's like living in an actual superpower.
>>1485768>Life shouldn't be easyWhy not? What's the point of anything if life just keeps being hard forever. Technology and society have allowed us to eradicate diseases, provide abundant food, and have more homes than homeless people. The issue is people like you saying we can't give food to the hungry or homes to the homeless because then why would they work.
>>1485804He thinks the boomer class really did "PULL MESELFS UP BY ME OLLLLLL BOOTSTRAPS" and wasn't just handed everything for free on the heels of WW2. Now they're checking out, and are making everything as difficult as possible to emulate what they felt life was like when they were still guaranteed a house, a car, and a nuclear family from a job that made $20 an hour (adjusted for inflation)
>>1485796>chinese>owning private propertykekkerino
>>1485805Minimum wage could pay the average mortgage in 40 hours. 1 week of work was your house back then.
>I would rather have the president who raises home prices by 36.9% but promises to lower home prices. I would rather have that president over one who told me honestly that he wasn't planning to lower the price of housing, who had the price of housing increase by 28% under his watch
>>1485811Democrats will raise the cost of housing via mass immigration, regardless of what they promise.
>>1485814How are immigrants able to get houses while citizens can't? Are US citizens really that fucking stupid?
>>1485820Democrats put them in apartments free of charge and pay for their down-payments on mortgages.
>>1485821and dont forget letting them do welfare fraud so they can buy mansions
>>1485821So then why can't Republicans do the same thing but with citizens?
>>1485823Because like with every form of welfare, it punishes the productive members of society to reward the non-productive.
>>1485828Punishes "productive" to reward non-productive? So what, people who literally cannot take care of themselves should just be left to die? So a person's worth is decided solely based on what they can produce. You are a borderline nazi, and an evil, dogshit person.
>>1485832Yeah, that's how life works. You're not entitled to someone else's labor. Kill yourself commie
>>1485833It isn't communist to have social programs, it is civilized. You are advocating for social darwinism. You are a psychopath.Why aren't you mad at corporations who give their CEOs multi-million dollar raises and then ask for bailouts with taxpayers money? Why are you openly advocating for people to die, but not scrutinizing the fat cats who take more than anyone?Because you are an evil person, a short-sighted, useful idiot, and a spineless, shrimp-dicked pawn. You want me dead, come kill me, pussy.
>>1485840>It isn't communist to have social programs, it is civilizedThere's nothing civilized about a two-tier society that rewards laziness and irresponsibility.>Why aren't you mad at corporations who give their CEOs multi-million dollar raises and then ask for bailouts with taxpayers money?Yeah, crony capitalism and corporate welfare is bad too. Was that supposed to be a gotcha?>Because you are an evil person, a short-sighted, useful idiot, and a spineless, shrimp-dicked pawYou type like an emotional woman.
>>1485832What do you think wealth redistribution is?Productive members of society face a higher tax rate. The progressive tax rate means the more you work the more you pay. The non-productive aren't producing. They are the ones receiving the wealth transfer, those are the people receiving cash or social services through social programs. If you earn more than a million dollars a year for 20 years you are going to pay more into social security than you are going to get out of the program, and the excess money you put in will be redistributed to other social security recipients
>>1485832>people who literally cannot take care of themselves should just be left to die?How about we don't import nonproductive people and deport them to their home country where they can be productive or nonproductive there? How about we protect low skilled jobs for local citizens to work at fair wages and not undercut them with foreign workers? How about we have tariffs to protect local manufacturing and industry so someone in the community is being paid when a local product is bought?How about we deport foreign citizens who commit violent crimes in the US?
>>1485854>They are the ones receiving the wealth transfer, those are the people receiving cash or social services through social programs. The wealthy stay in power not due to their wealth itself, but from their ability to convince retards like this that the poor are the problem. Sitting there on their Scrooge McDuck money pile and telling you that the guy on food stamps and living in a box is taking all your money. It’d be funny if it wasn’t destroying the world.
>>1485877Protecting your country is evil, giving foreigners your home is good anon. And if you disagree, you're a nazi and deserve to be unemployed forever. Don't you understand?
>>1485877We aren't importing them dipshit, there are plenty of people born with disabilities who cannot work, but you rightards can't engage with facts and have 0 self-awareness so you have to bitch about a brown boogey-strawman with the same rhetoric literal nazis use, and pretend I'm hyperbolic and you aren't a racist piece of human garbage
>>1485881Doesn’t it make you wonder why house prices are still high after evicting millions of these people? Almost as if they weren’t the problem
>>1485914https://en.wikipedia.org/wiki/Vietnamese_boat_peoplehttps://en.wikipedia.org/wiki/Cuban_boat_peoplehttps://en.wikipedia.org/wiki/2021_Kabul_airlift
>>1485823>>1485849>>1485833>>1485881Anon giving citizens things like healthcare, housing, jobs, food, water, transportation, and access to education is COMMUNISM We must cut all social services and have our citizens at each other's throats for jobs that pay peanuts anyway, but not us and our companies though, we'll keep importing cheap labor from other countries and make a a big show about kicking them out every 3-4 years, never punishing the companies who are doing it. Also give billions to Israel. That's what we call True Capitalism. Anyway are you ready to pay another $100 extra a month in electricity fees for AI companies to operate free of charge? You don't want to be a dirty commie that doesn't give Israel and Nvidia (also Israel) their fair cut of tax-free donations of things you pay premiums for, right?
>>1485968Israel deserves it, they're god's chosen people and they stole 1/3rd of my peepee when I was a baby, just like they steal 1/3rd of my taxes so their tiny country can have healthcare, housing, jobs, food, water, transportation, and access to education. Since G*d guaranteed it to them in the bible this is not communism, and I will vote for the biggest israeli dicksucker come november.
>>1485917>somalians steal social benefits>use benefits to purchase homes and run autism clinics out of those homes>repeatNo they are the problem.
notice how upset he gets when you call him the commie he is? so we give jews and their country free money, big whoop, what does that have to do with your failure to rise above your shortcomings? how does giving billions of israel affect your ability to earn money?>>1485970not jews though. they're the good guys.
>>1485970>somalians steal social benefits>use benefits to purchase homes and run autism clinics out of those homes>repeatCould the speculative market that is actually driving the price of these homes up be to blame and wouldn't regulating them fix this problem instead of hoping the problem goes away because you stopped 500 million being stolen in a 100 billion dollar industry?
>>1485972regulation is communism. the only regulation that should be allowed is immigration, nothing else should be regulated.
>>1485972Affordable housing is a commodity that increases in price the more it is bought. I don't care if it's Somalians stealing US taxdollars or foreign hedge funds laundering money through the US real estate market. They both need to have their dicks slammed in the door.
>>1485970How is it possible all these deportation methods and prices are still going UP?
>>1485969>just like they steal 1/3rd of my taxes so their tiny country can have healthcare, housing, jobs, food, water, transportation, and access to education.We sent more money to UkraineWe pay for Ukranian bureaucracy, healthcare, even pensionshttps://www.factcheck.org/2023/02/bidens-april-2022-remark-about-some-ukraine-aid-covering-pensions-is-not-breaking-news/
>>1485978Let me put it this wayA lot of people want to live in New York City. With immigration it is 1 million a year, without international migration it is half a million year, and they are only building 100,000 new units a yearThat is how you can have deportations and rising prices
>>1485977>Affordable housing is a commodity that increases in price the more it is bought.>Speculate on the price >buy the speculative bubble >price goes up >Even though no land has been sold The same thing has happened to >Land>Electricity>Fuel>Cars>Computer components>Toilet paper >Shoes >Clothes >FoodAnd you want to try telling us that this is totally different and it's because of natural market forces and not the banks literally speculating on the future costs of these properties and how this is unrelated to how they've been free from the regulations that would keep them from doing that for the last 30 years
>>1485979and you know who's in charge of Ukraine? g*d's chosenwork harder slave pig
>>1485978ignore this faggot >>1485980 it's because price speculators have fucked the market. the real supply doesn't matter, what matters is that they have authoritatively declared that prices will keep going up, so prices keep going up. If it were based on real value, we would have about the same housing market as the 1980s. Not great but not "tiny-shack-on-acre-of-land-worth-10-million'
>>1486032What percentage of real estate is owned by speculators?
>>1486082Enough to produce scarcity.
>>1486088Institutional investors own 1-2% of the single family houses in the USA.
fell for it again award
>>1486090Like I said.
Trump has billionaire's disease meaning he's out of touch with what peasants want and only really gives a shit about himself. >We live in an A++ economy!>Affordability crisis is a democratic hoax!>Goes all in on AI>Small business owners getting fucked
>>1486235I don't know any industry where buying up 1-2% of the supply produces scarcity for everyone else.
