Trump Says He Wants to Raise Housing Prices, Not Lower Costs, for Most Americans
In a recent Cabinet meeting, President Donald Trump stated his desire to maintain high housing prices, prioritizing the wealth of current homeowners. This stance seemingly contradicted his earlier pledges, made just weeks prior, to lower mortgage rates and make homeownership more affordable. These prior statements included intentions to ban large institutional investors from purchasing single-family homes and plans to buy mortgage bonds. Notably, the meeting also saw Trump skip over Homeland Security Secretary Kristi Noem and abruptly end without taking questions from the press, avoiding potential inquiries about recent immigration controversies.
John Q. Hosedrinker