The White House is trying to show it's lowering the cost of living, but President Donald Trump has said he doesn't want to see the price of homes come down.

Donald Trump wants to keep home prices high, bypassing calls to ramp up construction so people can afford what has been a ticket to the middle class.

Trump has instead argued for protecting existing owners who have watched the values of their homes climb. It’s a position that flies in the face of what many economists, the real estate industry, local officials and apartment dwellers say is needed to fix a big chunk of America’s affordability problem.

“I don’t want to drive housing prices down. I want to drive housing prices up for people that own their homes, and they can be assured that’s what’s going to happen,” Trump told his Cabinet on Jan. 29.

  • yuknowhokat@lemmy.world
    2·
    2 days ago

    Yeah, cuz what we need is to price half our population out of being able to even live in a house or apartment. I am currently in a situation where the place I’ve been living for an extended time is being sold and the new owner doesn’t want me to live here so I have to find something else that I can afford that’s anywhere near the same as this. By the way that doesn’t exist here