Trump Vows To Raise Home Prices In Campaign Reversal!

[citygator]

I 100% agree with Trump's reversal of his campaign promise to lower home prices. That seemed totally crazy to me. Most people have a good portion of their wealth tied up in their home. Lowering home prices would be a disaster.

However he basically says he doesnt want lower home prices "so someone who didnt work very hard can buy a home". Yikes. That is totally opposite of his campaign rhetoric.

The correct answer is to say we need to build more affordable homes, something he missed entirely.

WATCH: Trump says he wants to drive housing prices up, not down

President Donald Trump has said that he wants to keep home prices high to increase people’s net worth, but doing so will likely keep construction levels low and price out possible first-time buyers.

www.pbs.org

 

[1srelluc]

Well, as the prime rate goes down so does what it costs to finance a home.

You know, affordability.

That said competition in a glut of hoses for sale is what lowers home prices.

A year and a half ago you could ask pretty much anything and people would fight over it. Not so much now as interest rates have fallen, a shit-ton more houses are on the market, and rates are slated to fall more in the coming quarters.

 

[citygator]

Well, as the prime rate goes down so does what it costs to finance a home.

You know, affordability.

That said competition in a glut of hoses for sale is what lowers home prices.

A year and a half ago you could ask pretty much anything and people would fight over it. Not so much now as interest rates have fallen, a shit-ton more houses are on the market, and rates are slated to fall more in the coming quarters.

Lowering interest rate will RAISE housing prices. It will create more demand for homes which are alread in limited supply. No one prices their house based on interest rates. They price their home based on what the market will support. A low interest rate market creates more demand and higher home prices.

Maybe its just luck but every house in my neighborhood that goes up sells immediately still. Nationally I agree with you housing demand seems soft.

US Housing Market Outlook | J.P. Morgan Global Research

House prices are expected to stall at 0% this year, while home sales are expected to gradually improve.

www.jpmorgan.com

What’s the forecast for US house prices in 2026?​

After nearly doubling in the last decade, J.P. Morgan Global Research sees U.S. house prices stalling at 0% in 2026, with a slight improvement in demand likely offsetting any increased supply.

 

[sealybobo]

I 100% agree with Trump's reversal of his campaign promise to lower home prices. That seemed totally crazy to me. Most people have a good portion of their wealth tied up in their home. Lowering home prices would be a disaster.

However he basically says he doesnt want lower home prices "so someone who didnt work very hard can buy a home". Yikes. That is totally opposite of his campaign rhetoric.

The correct answer is to say we need to build more affordable homes, something he missed entirely.

WATCH: Trump says he wants to drive housing prices up, not down

President Donald Trump has said that he wants to keep home prices high to increase people’s net worth, but doing so will likely keep construction levels low and price out possible first-time buyers.

www.pbs.org

He says whatever YOU want to hear. Poor people want to hear he's going to make home prices more affordable. Rich people don't want to hear the value of their homes is going to go down.

I love how Trump keeps crying about where interest rates are. If you remember, he said Obama's economy was FAKE. If the Feds raised interest rates, as they should he said, then Obama's economy would collapse.

But now interest rates are where they need to be and he wants them lowered to help his economy. Even if that's risky. We know how that works out. Remember Bush deregulated the banks so they could loan out more money? But then they didn't have to keep as much cash in reserve in case of an emergency. Seems to me like he did that so they could completely rip us off. In other words, on purpose.

 

[1srelluc]

Lowering interest rate will RAISE housing prices. It will create more demand for homes which are alread in limited supply. No one prices their house based on interest rates. They price their home based on what the market will support. A low interest rate market creates more demand and higher home prices.

Maybe its just luck but every house in my neighborhood that goes up sells immediately still. Nationally I agree with you housing demand seems soft.

US Housing Market Outlook | J.P. Morgan Global Research

House prices are expected to stall at 0% this year, while home sales are expected to gradually improve.

www.jpmorgan.com

What’s the forecast for US house prices in 2026?​

After nearly doubling in the last decade, J.P. Morgan Global Research sees U.S. house prices stalling at 0% in 2026, with a slight improvement in demand likely offsetting any increased supply.

Well right now in my AO there are a shit-ton of homes for sale where a year ago there were maybe a baker's dozen.

Lower interest rates are allowing them to get off their homes bought when interest was low and move. Lots of .gov workers in my AO.

Prices for older homes have come down but newer home are still high. Glad i sold my mom's place when I did.

Odd, before I typed this I just got off the phone with a guy wanting to buy my river property for stupid money. I'm thinking on it!

 

[citygator]

Well right now in my AO there are a shit-ton of homes for sale where a year ago there were maybe a baker's dozen.

Lower interest rates are allowing them to get off their homes bought when interest was low and move. Lots of .gov workers in my AO.

Prices for older homes have come down but newer home are still high. Glad i sold my mom's place when I did.

Odd, before I typed this I just got off the phone with a guy wanting to buy my river property for stupid money. I'm thinking on it!

Nice. Good luck on the river home. A lot of it is luck on the timing... as long as they didnt say they were an Ethiopian prince looking for a river home and need a few thousand dollars from you first.

 

[dblack]

I 100% agree with Trump's reversal of his campaign promise to lower home prices. That seemed totally crazy to me. Most people have a good portion of their wealth tied up in their home. Lowering home prices would be a disaster.

However he basically says he doesnt want lower home prices "so someone who didnt work very hard can buy a home". Yikes. That is totally opposite of his campaign rhetoric.

The correct answer is to say we need to build more affordable homes, something he missed entirely.

WATCH: Trump says he wants to drive housing prices up, not down

President Donald Trump has said that he wants to keep home prices high to increase people’s net worth, but doing so will likely keep construction levels low and price out possible first-time buyers.

www.pbs.org

I'm not sure if any of Trumps whims are "reversals". There's no rhyme or reason (ideology) behind his policies in the first place. And his followers are happy to accept a little whiplash now and then.

"We've always been at war with Eurasia!"

 

[citygator]

 

[kyzr]

Trump also said:
"We're going to make it easier to buy," the president added. "We're going to get interest rates down. But I want to protect the people who, for the first time in their lives, feel good about themselves. They feel like, you know, that they're wealthy people."

Trump also stopped corporations from buying up all the houses:

Fact Sheet: President Donald J. Trump Stops Wall Street from Competing with Main Street Homebuyers

STOPPING WALL STREET FROM COMPETING WITH MAIN STREET HOMEBUYERS: Today, President Donald J. Trump signed an Executive Order to protect the American Dream

www.whitehouse.gov

 

[citygator]

 

[kyzr]

[Trump to bring home prices down

Trump is trying to make home prices more affordable without hurting the value of current homeowners.
Trump stopped corporations from buying homes as investments
Trump is working hard to lower interest/mortgage rates
Trump is working to let workers have more take-home pay
Trump cut tariffs on materials used to build homes

Buying a home should be easier as Trump's policies take hold