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re: DJT - “I don’t want to drive housing prices down. I want to drive housing prices up.”

Posted on 1/29/26 at 3:52 pm to
Posted by StansberryRules
Member since Aug 2024
5226 posts
Posted on 1/29/26 at 3:52 pm to
Residential Houses were never supposed to be a major investment vehicle or retirement funds. They were supposed to be you know, residences.

People noticed that over time homes tended to appreciate in value and that was just a nice upside, but it was never the entire point of home ownership.

People who already own homes want to keep their values high which means keeping demand up, which means denying new construction and increasing population.

That's really not good policy for society though.
Posted by aubie101
Russia
Member since Nov 2010
4116 posts
Posted on 1/29/26 at 3:53 pm to
quote:

SFP 50% of the board is over 60 and the rest live in bumbfrick Egypt. You are not going to get them to understand.


In my 40s and live outside of Phoenix. I understand completely the tanking the housing market is not the solution. It is for retards obviously.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
477251 posts
Posted on 1/29/26 at 3:54 pm to
quote:

SFP 50% of the board is over 60 and the rest live in bumbfrick Egypt. You are not going to get them to understand.


The best part is how they try to associate this with being anti-trump when this has been a sticking point since 2007. We're talking before. Obama.
Posted by CleverUserName
Member since Oct 2016
17502 posts
Posted on 1/29/26 at 3:54 pm to
quote:

Real winner here is black rock and foreign investors but no one on this board wants to talk about that


Yea. Not the millions of homeowners in the US.
Posted by Bass Tiger
Member since Oct 2014
55769 posts
Posted on 1/29/26 at 3:55 pm to
Trump better hope the economic powers that be do not start adding home prices, home insurance and maintenance costs into the CPI because inflation will go well over 5%. Historically home prices averaged 2-4% appreciation annually, however, over the past 10-15 years homes have appreciated at a 7-8% rate.
Posted by ronricks
Member since Mar 2021
12245 posts
Posted on 1/29/26 at 3:55 pm to
Trump is a Boomer and he’s going to pander to that group as much as possible. It’s hilarious seeing MAGA on here have to twist and squirm to agree with all of his idiotic ideas.
Posted by jammajin
Member since Jul 2024
2006 posts
Posted on 1/29/26 at 3:57 pm to
"We know what the problem is and that's that houses are completely overpriced. Unless you can figure out a way to make wages raise in the same amount while keeping home values stagnated over the next 5 to 10 years, there isn't a better solution than letting the market take hold."

yes, there is.

wages rise
home values rise at a lower rate (maybe)
reduce interest rates
increase housing supply (thereby slowing the demand and the rate of rise).
account for the millions occupying existing housing (rented or owned) on the taxpayer dime thereby driving up demand in the face of lack of supply
etc etc

Or we could just let the air out of the bubble at whatever perceived percentage you've decided the air needs to be let out of the bubble.

bonus points if you stand up in front of 330M people and announce your plan to cut the value of what is most likely their primary investment in life by 25% (without a time frame attached).

again, you're grasp of the situation is noted.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
477251 posts
Posted on 1/29/26 at 3:57 pm to
quote:

There is a middle ground. Interest rates need to be much lower and refinance options have to be easier to obtain

All you're doing is manipulating the market to ensure we make the bubble bigger. This isn't a solution . It's just kicking the count down the road until a bigger bubble pops.

quote:

We need to have targeted and more aggressive new homeowner programs that help first time owners. 50 year mortgages are lame, but they may be needed as an option

You're doubling down on the above. You're creating a bubble and an environment where you're creating insanely high or negative equity for people who get stuck buying homes at the wrong time. Because that is what the issue is, ultimately. Not the people who are going to own their home long-term who will have values recover naturally. It's the people who get stuck in the negative equity situations at iopportune times that are the concern. What this policy does is make the impact of those situations exponentially worse and put those people who timed the market wrong and exponentially worse positions.

Posted by Jugbow
Member since Nov 2025
3592 posts
Posted on 1/29/26 at 3:59 pm to
quote:

Trump is a Boomer and he’s going to pander to that group as much as possible. It’s hilarious seeing MAGA on here have to twist and squirm to agree with all of his idiotic ideas.


It’s funny how the virgin groypers blame maga and Trump for their own downfalls. Yall sure are principled
Posted by jammajin
Member since Jul 2024
2006 posts
Posted on 1/29/26 at 4:00 pm to
or we could just work on the shrinkflation issue of your Snickers bar and those pesky junk fees on plane tickets and hotels
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
477251 posts
Posted on 1/29/26 at 4:00 pm to
quote:

the value of what is most likely their primary investment

Just to be clear, I believe this mindset is bad as well.

It's a symptom of this low rate, investment minded view of home ownership that is a major part both in the bubble and the stratification that we see in the market.

This environment of unsustainable equity being rolled into new equity, that anticipates a low rate environment that triggers another round of unsustainable equity. Appreciation to roll over again etc is not sustainable.
Posted by CleverUserName
Member since Oct 2016
17502 posts
Posted on 1/29/26 at 4:00 pm to
quote:

President shouldn’t be trying to drive prices up just for the old fricks who were too stupid to save any money.


Who you calling old? I can reach out and touch the genx-millennial cutoff.

I don't get you "tHa BooMERs" people. One minute they are wealthy and are selfishly going to have their money buried with them and their casket encased in concrete and the next they are poor and needing their asset value bumped to survive.
Posted by jammajin
Member since Jul 2024
2006 posts
Posted on 1/29/26 at 4:04 pm to
Just to be clear, I believe this mindset is bad as well.


just to be clear I agree with you.

If you'd like to add some real education about this at the middle and high school level to my list of things we can do in the next 5-10 years (your window) I'm all for it.

Add in some education about the value of going into the trades (as I described to another poster above) vs. spending $150k on a college education to get at $50k per year job (and then believing you should walk into home ownership at 23) and I'm all in.

but this convesation was about you saying nothing can be done except letting air out of the bubble
Posted by Rip Torner
Member since Jul 2023
2389 posts
Posted on 1/29/26 at 4:10 pm to
Explain how you drive prices down in the housing market without destroying everyone’s value, this should be good! Lol
Posted by HouseMom
Member since Jun 2020
1933 posts
Posted on 1/29/26 at 4:17 pm to
quote:

spending $150k on a college education to get at $50k per year job (and then believing you should walk into home ownership at 23


Not to derail the thread, but when did owning a home straight out of college become the new metric for housing affordability? We all rented crappy-ish apartments with multiple roommates while working professional jobs. All of us saved up as much as we could, got married, and then bought houses several years later.

This was in the early 2000's. None of us even considered being able to buy a whole house at first.
Posted by aubie101
Russia
Member since Nov 2010
4116 posts
Posted on 1/29/26 at 4:18 pm to
quote:

Explain how you drive prices down in the housing market without destroying everyone’s value, this should be good! Lol



There is no way... Well in communist utopia land it may be possible.
Posted by Cuz413
Member since Nov 2007
11310 posts
Posted on 1/29/26 at 4:20 pm to
quote:

You act like you're the first college grad in recorded history to be 23 and couldn't afford a house


I'm in my 50s and own my home. But that doesn't stop me from seeing how over inflated home prices are. There are no starter homes now. People are staying in their homes and not moving up. Do you think it's a coincidence there's over a trillion dollars in consumer credit card debt?
Posted by MC5601
Tyler, Texas
Member since Jan 2010
4285 posts
Posted on 1/29/26 at 4:22 pm to
quote:

This is not a smart take whatsoever. Increasing affordability was one of the main things Trump ran on and people voted for

As a mid 30s male in DFW, I’d need to make about $200k to afford a decent home in a good area of town within 30 minute commute. Very few people fit that income demo and these housing prices are killing the middle class

I honestly feel like this administration realizes there isn’t much they can do to affect home affordability and had pivoted from lowering prices to maintaining equity because it’s much easier


The average age of a first time homebuyer in 2025 was 40 years old and median sales price was $446k. This is totally out of whack
Posted by jammajin
Member since Jul 2024
2006 posts
Posted on 1/29/26 at 4:26 pm to
I don’t know. Ask cuz413. He’s the guy who used the 23 out of college $260k home example

I got a 26 24 21 year olds. All with college paid for.

None of them are close to sniffing home
Ownership. It never occurred to me they should he
Posted by ronricks
Member since Mar 2021
12245 posts
Posted on 1/29/26 at 4:28 pm to
quote:

It’s funny how the virgin groypers blame maga and Trump for their own downfalls.


What am I blaming Trump for?

No President controls my economic destiny. I control that. Republicans used to champion things like personal responsibility but that went out the window when Trump was elected the first time. Now it’s nothing but a blame game.
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