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Bessent: Trump may declare national housing emergency
Posted on 9/1/25 at 4:00 pm
Posted on 9/1/25 at 4:00 pm
quote:Newsmax
The Trump administration does not want to override state and local control, but Bessent suggested the White House is exploring options such as standardizing zoning codes, lowering closing costs, and even granting tariff exemptions for construction materials.
The remarks come as Trump seeks to position "affordability" as a centerpiece of Republicans' 2026 midterm platform. The "No Tax on Tips" provision in the recently signed One Big Beautiful Bill Act is part of that push, with the administration also eyeing housing relief as a key pillar.
Bessent expressed optimism about the broader economy, predicting a "big economic pickup in 2026," buoyed by Federal Reserve rate cuts and Trump's reciprocal tariffs — though he acknowledged uncertainty over how businesses will pass costs on to consumers.
A full transcript of Bessent's interview with the Examiner is expected later Tuesday.
Posted on 9/1/25 at 4:02 pm to bigjoe1
I like what I read somewhere on the internet lately about perhaps having "affordable housing" restricted to US citizens only. I'd be down with that.
Having the meddling from the Obama years makes me reticent to explore even more top down meddling.
Having the meddling from the Obama years makes me reticent to explore even more top down meddling.
Posted on 9/1/25 at 4:07 pm to bigjoe1
Very progressive potential move.
Posted on 9/1/25 at 4:10 pm to bigjoe1
And just like that the left will come out against affordable housing
Posted on 9/1/25 at 4:11 pm to bigjoe1
They may need to keep private equity firms and wealthy speculators from jumping in and taking advantage of depressed housing prices...
Posted on 9/1/25 at 4:11 pm to SallysHuman
quote:
I like what I read somewhere on the internet lately about perhaps having "affordable housing" restricted to US citizens only. I'd be down with that
They will be slums still, immigrants or no.
The low IQ citizens will move in
Posted on 9/1/25 at 4:11 pm to FredBear
He’s wrong on this one.
How about preventing hedge funds and companies like Blackrock from buying up everything.
How about preventing hedge funds and companies like Blackrock from buying up everything.
Posted on 9/1/25 at 4:14 pm to VolSquatch
quote:
They will be slums still, immigrants or no. The low IQ citizens will move in
True... but I think HUD is going to attempt to time limit section 8- I believe the phrase used was that housing assistance was to be a trampoline instead of a hammock.
It looks like Admin47 is coming up with a multi-pronged approach to the housing situation- I hope they don't go all socialist feel good with it. I think they won't.
Posted on 9/1/25 at 4:16 pm to bigjoe1
To help housing, the "help" has to come on the supply side. Increase supply and youll have better prices.
Focusing on rates and buying power will only raise costs and exacerbate problem.
Eliminate capital gains tax on builders of single family homes is a start.
Focusing on rates and buying power will only raise costs and exacerbate problem.
Eliminate capital gains tax on builders of single family homes is a start.
Posted on 9/1/25 at 4:17 pm to FredBear
And “Republicans” will welcome market manipulation because Trump says so
Posted on 9/1/25 at 4:18 pm to RogerTheShrubber
quote:
Very progressive potential move.
quote:
standardizing zoning codes, lowering closing costs, and even granting tariff exemptions for construction materials.
Exempting from taxes and regulation? How so?
Posted on 9/1/25 at 4:20 pm to bigjoe1
Ahhh yes.
Please destroy many peoples single biggest wealth asset.
Great move
Please destroy many peoples single biggest wealth asset.
Great move
Posted on 9/1/25 at 4:21 pm to NIH
quote:
And “Republicans” will welcome market manipulation because Trump says so
Not necessarily... there is discussion and dissent in this thread. Red isn't lockstep.
Posted on 9/1/25 at 4:22 pm to bigjoe1
Just give a big tax credit for a first time homebuyers and maybe a slightly smaller credit for buying another house. It should only apply to individuals, not corporations. Also do something to lower the price of lumber.
Posted on 9/1/25 at 4:25 pm to Brosef Stalin
quote:
Just give a big tax credit for a first time homebuyers and maybe a slightly smaller credit for buying another house. It should only apply to individuals, not corporations. Also do something to lower the price of lumber.
I think this is where intervention goes sideways. We always intervene...on the buyer side, not the supplier side
Posted on 9/1/25 at 4:31 pm to bigjoe1
So with the bail/CJ issue, voting, and now this, can we finally admit that Trump/MAGA are opponents of states rights? What else will it take?
Literally out of the fricking Obama playbook my god.
quote:
The Trump administration does not want to override state and local control, but Bessent suggested the White House is exploring options such as standardizing zoning codes, lowering closing costs, and even granting tariff exemptions for construction materials.
The remarks come as Trump seeks to position "affordability" as a centerpiece of Republicans' 2026 midterm platform.
Literally out of the fricking Obama playbook my god.
Posted on 9/1/25 at 4:33 pm to Boss13
quote:
Exempting from taxes and regulation? How so?
Using "national emergencies" to manipulate markets.
Posted on 9/1/25 at 4:34 pm to Boss13
quote:
Exempting from taxes and regulation? How so?
Do you want to revisit the response when the Obama admin also wanted to create a federal housing affordability policy that involved coopting local and state zoning codes?
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