Trump Wants to Drive Up Housing Prices
President Trump has expressed a desire to increase housing prices, despite current record-high prices and low affordability that are excluding younger generations from homeownership. This stance suggests a focus on asset appreciation, potentially benefiting existing homeowners while disadvantaging those unable to enter the market. While the article explores motivations ranging from a desire to boost asset values for the majority of homeowners to pandering to older voters, the proposed solution of artificial scarcity through pressuring homebuilders to build less exacerbates the housing affordability crisis, which carries significant social and economic consequences. The conventional path to wealth in America has been homeownership, and current market conditions, coupled with Trump’s proposals, threaten this pathway for future generations.
John Q. Hosedrinker