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.
One of the many good cases for land value taxes
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
Shocking news has landed. In a move everyone could see coming from a mile away, a real estate guy wants real estate prices to continue climbing, even to unreachable levels. More at 6.
The landlord-in-chief
The boomers will love it
To be clear, the biggest voting block is boomers, and since they own homes, they profit from rising prices.
I thought boomers were no longer the biggest voting bloc.
Millennials and genX together are bigger, but they don’t actually vote, so in praxis they are still a lot smaller.
Unfortunately, his voting block is cross generational, though there is a bit of an older skew
I’m mostly talking about voter participation. Also since there are a LOT of boomers, they have the most votes.
Can we get the raw numerical counts for this? We’re comparing percentages which is bad practice. I.e. it wouldn’t matter if 90% of 65+ voters vote if it’s like 1000 people. Turnout isn’t the same as actual votes cast which I think you understand but you didn’t add a source to your “LOT of boomers” claim. Not saying that you’re incorrect but I’d like to see actual numbers if possible
Some rough estimations:
Number of Boomers: 67 mio. With 75% turnout: 50.25 mio.
Number of GenX: 65 mio. With 70% turnout: 45.5 mio.
Number of Millenials: 74 mio. With 60% turnout: 44.5 mio.
Number of GenZ above 18: ~20mio. With 48% turnout: 9.6 mio.
The USA is a geriatricacy. Not even just by the numbers, young people give up so much power by not voting.
Edit: Formatting
Thanks for the stats! Hm that is truly depressing. Even with better turnout there are so many fricken boomers damn. I guess that makes sense given the generation moniker. Is this based on 2024 data? I’m somewhat inclined to believe that low Gen Z voter turnout is at least partially a symptom of being disengaged from the Democratic Party putting out machine candidates all the time but I of course have no way to quantify that atm.
That’s inflation, dude. You’re basically stating outright that you want higher inflation.
He wants the biggliest inflation anyone’s ever seen. Inflation so yuge Venezuela will be impressed.
“There’s inflation porn?!”
searches
“What the fuck is this? It’s just cartoons being blown up like balloons. Where’s the out of control gas prices?”
Did y’all know we’re giving $9B in missiles to the 9/11 guys?
$9B. In missiles. To the Saudis.
But no, totally, let’s make getting a roof over Americans heads more difficult because America First or something.
Failed real estate guy wants housing prices to continue to rise.
At 11 Water is wet?
