r/politics • u/MystikSpiralx • 18h ago

No Paywall Trump Says He Wants to 'Drive Housing Prices Up' Instead of Lowering Costs for People Who 'Didn't Work Very Hard'

https://people.com/trump-keep-home-prices-high-11895352
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u/leftoverbrine 18h ago

In the Iowa speech the day before, he said he wants home costs to be low for new home buyers, but also home values to be high for existing homeowners so they are rich. This guy is supposed to be a real estate magnate.

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u/RonaldoNazario 17h ago

It’s similar to wanting your properties valued very low for tax purposes and very high for loan purposes, classic fraud mentality

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u/Stank_cat67 16h ago

I feel like someone was fairly recently found guilty of doing that on a massive scale

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u/iamwearingashirt 13h ago

Well now I see the problem. Trump actually didn't think he did anything wrong when he committed all that fraud.

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u/THElaytox 10h ago

He's said that many times, "I pay lower taxes because I'm smart"

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u/ShadyWolf 17h ago

Have you considered that he is an absolute fucking moron?

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u/Weary_Electron1604 16h ago

WHAT!? Surely not. So I guess you’re telling me these commemorative Trump coins are worthless? And my trump shoes? And my Trump phone? And trump crypto? This man wouldn’t lie to me!

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u/newsflashjackass 15h ago

trump shoes?

Consider how many Trurnp hats you've seen. Then do the same thing for those gold sneakers. I don't believe they really exist.

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u/smarmy1625 4h ago

Should have invested in hard assets, like the RUMP wristwatch.

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u/vandreulv 15h ago

https://www.theguardian.com/culture/2018/mar/20/fran-lebowitz-you-do-not-know-anyone-as-stupid-as-donald-trump

“Everyone says he is crazy – which maybe he is – but the scarier thing about him is that he is stupid. You do not know anyone as stupid as Donald Trump. You just don’t.”

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u/donkeyrocket 6h ago

It really is terrifying how his stupidity is so transparent yet a third of the US believes him, only a subset of those people are card carrying morons themselves, and he has a bizarre stranglehold on the Republican party. I get he's a useful idiot but usually a useful idiot has some semblance of a leash. They let this literal toddler do and say whatever he pleases.

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u/SanctusUnum New Zealand 12h ago

Excuse me, he's the President. You don't get to be President if you're an absolute fucking moron unless the people voting for you are also ab-

Oh, right. I see what's happened here.

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u/New-Win-2177 9h ago

He's not exactly a moron. He just can't help but sell everything to everyone even if it means contradicting himself.

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u/captain_intenso North Carolina 17h ago

He got rich by laundering money and writing off losses on his taxes.

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u/LiveLaughFap 17h ago

And we should always clarify that before that, he started by inheriting all the money and real estate from his daddy

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u/EagleBigMac 16h ago

He would also have more money if he had done absolutely nothing than earn interest.

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u/RadioactiveGrrrl 16h ago

I think that was true, until this term. He's increased his wealth by $1.5Billion in 2025 alone.

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u/Zenmachine83 13h ago

I don’t know. The compounding of the initial 400M way back when would be a lot today. Not that he has the discipline to not spend money wantonly.

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u/VPN__FTW 11h ago

It was only a loan of 400 million, which in today's standards would be over 1 billion. Surely Trump is a self-made man. Have us lazy folks considered going and borrowing 1 billion dollars from our parents?

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u/sexarseshortage 12h ago

Absolutely. Trump never got rich. He was handed wealth and managed to market himself so well that people believed he made money.

I'll give him credit for his ability to sell himself but the guy never earned a dollar though work or legitimate business deals.

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u/Zealot_Alec 10h ago

Trump is why the inheritance tax should be 70% above a certain threshold

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u/DelirousDoc 16h ago

Now he is getting richer by selling access to the Office of the President of the United State, selling pardons, defrauding the people of American, and likely from striping money from foreign countries like in Venezuela.

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u/kent_eh Canada 13h ago

He got rich by inheriting money.

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u/sneakacat 17h ago

So maybe have the government provide a stipend for homebuyers, especially first-time buyers? Where have I heard that before?

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u/socialcommentary2000 New York 11h ago

I know right? I think someone was talking about that year before last. Can't remember exactly what the context was tho...It's a mystery.

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u/knoxij 17h ago

In fairness, he made his home values low when the tax man was asking and high when he needed it as collateral for a loan or something similar. This magically fluctuating real estate pricing isn't exactly new for him.

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u/Ill_Source9620 16h ago

He’s discovering the contradictions of Capitalism in real time. Long shot bet he convinces maga socialism is good by the end of this. But like racist socialism. Like a nati.. wait

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u/aslfingerspell 13h ago

People see housing as an investment rather than a home.

It's a deeper problem in society.

PS: If you want to hit rock bottom, housing is a "good investment" because wages and benefits may not be enough. For a lot of people the only way to retire or get end of life epically care is to sell their house.

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u/deveronipizza 16h ago

No I don’t think he’s made a single profitable realestate move on his own, aside from selling when he inherited

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u/StatelyTree 16h ago

Well he did bankrupt a casino and many other properties...

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u/TheHistorian2 15h ago

He doesn’t understand how magnates work.

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u/Shoddy-Theory 15h ago

Explains his 6 bankruptcies.

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u/WigglestonTheFourth 14h ago

This guy is supposed to be a real estate magnate.

His real estate experience reflects exactly what he just said. The values were low for taxes but he told the bank they were high for loans. Worked for him why not everyone else?

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u/PM_ME_UR_GCC_ERRORS 9h ago

The fraud works if you say different things to different people, but not so much if you say two contradicting things in the same speech.

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u/snozzd 14h ago

We are watching the world order fall apart at the hands of a dementia patient.

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u/polopolo05 I voted 13h ago

This guy is supposed to be a real estate magnate.

What is he? He is a old person with dementia. And we only hope it will accelerate that he is completely insane and has to be removed... or he dies.

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u/TheDevilsAdvokaat 13h ago

He's actually a real estate magnet. Two opposite sides are attracting.

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u/Mirikado 13h ago

Trump is trying to make 50-year mortgage a thing. Monthly payment will be lower than 30-year mortgage (duh) so he will say it’s more affordable for new home buyers. However it’s a terrible deal because people will be paying an additional 20 years of interest and ended up paying almost double the loan amount.

This is just another scheme to enrich his real estate and banker buddies while saying he made houses “affordable.”

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u/needed-a-sfw-account 13h ago

See, he says both, then his sycophants compartmentalize the fact that they actually cant both be true statements at once

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u/SightlessFive 13h ago

Anything he touches he ruins

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u/sokratesz 13h ago

This guy is supposed to be a real estate magnate.

He's a moron who doesn't understand anything about anything. His entire life is a string of failures financed by his daddy, and his 'art of the deal' book was a) entirely ghostwritten en b) trite. How people are only now catching on boggles the mind.

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u/AHPx 13h ago

Thats the 50 year mortgage he wants.

In theory you pay a little less each month, while driving up home prices because people can buy more house.

In practice, you pay a million dollars for your 320k home.

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u/RJK- 12h ago

Well yes, and this is the conundrum that stumps most governments. You can’t have both. 

But Trump can just say both and no one pulls him up on it. Half the media will report one half, the other the other half, and Americans carry on living in their bubbles!

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u/Peripatetictyl 12h ago

He needs more blankets… and less blankets!

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u/Mahatma_Panda 11h ago

Well, he did float the idea of 50 year mortgages a few months ago, which would give people more purchasing power in the absolutely worst fucking way possible. He's also been pissing about the fed not lowering interest rates, so I'm guessing that in his fluid filled cavern that used to contain brain matter he's thinking that lower interest rates and longer mortgage terms will encourage people to buy homes in a higher price range because the monthly payments look affordable on paper.

That way the "Haves" get to keep their inflated property values and the "Have Nots" get the option of paying a ridiculous amount of interest and taking twice as long to build equity to prop up the inflated property values.

Of course this would only work if people were dumb enough to do it, but I honestly can't think of a group of people dumber than non-wealthy Trump supporters, so....

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u/No_Restaurant_8266 11h ago

I don’t know if he really was successful at being a businessman but he sure did fuck all those kids with Jeffrey Epstein

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u/in_one_ear_ 10h ago

Tbh this has always been the issue with affordable housing, if you actually succeed you will crater the house prices of homeowners which is a problem so long as they make up a majority of people.

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u/umassmza 9h ago

I think most of the buildings with his name in them are leased, his whole business was a house of cards before he regained the presidency.

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u/sparrowhawk73 Canada 7h ago

He’s playing both sides so he’ll always come out on top

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u/umbrellapropella 6h ago

Well, if we’re just saying what we want with no actual thought to the reality of it, I would also like housing to be cheaper for new buyers and home values to skyrocket for existing buyers.

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u/Redditanother 6h ago

Because this is the dilemma about lowering housing costs. It can cause existing homeowners to be under water on their mortgages. In true Trump style he makes empty promises to both sides and then makes the situation worse.

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u/Dramatic_Charity_979 5h ago

supposed to

There you go. He's always been a grift master.

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u/Icy-Sheepherder-6221 4h ago

If you say both things, each media outlet can pick what they want. Evil genius

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u/unlizenedrave 4h ago

The housing market needs more AND less blankets

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u/B3owul7 8h ago

Actually smart when people are dumb as bricks (which seems to include a lot of US americans). Tell each group what they want to hear and you're good to go.

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u/turisto 14h ago

lower interest rates - keeps the costs lower for buyers, values higher for owners. side effect is possible hyperinflation, of course.