""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."
""You have a lot of people that have become wealthy in the last year because their house value has gone up," Trump said. "And you know, when you get the housing - when you make it too easy and too cheap to buy houses - those values come down.""
""The under-40 group is the most important right now - they are the ones who put Trump in the White House," Buchanan said. "Their desire to show up in an election or not is going to make the difference in this election. If they feel that Donald Trump is taking care of the boomers at their expense, that is going to hurt Republicans.""
President Donald Trump seeks to keep home prices high to protect existing homeowners' wealth rather than supporting greater construction to improve affordability. He told his Cabinet he does not want housing prices to fall and wants values to rise for owners. Economists, the real estate industry, local officials and apartment renters say more construction is necessary to address America's affordability shortfall. The approach may bolster support among older homeowners who benefited from recent value increases and influence midterm turnout. The strategy risks alienating younger, under-40 voters who expanded his 2024 coalition and could spark generational political conflict.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]