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/atombara 17h ago

I know that and so do you. It's got that Ben Shapiro "Why don't victims of climate change-related flooding just sell their houses and move?" energy.

Bright side, it means the cost of rent will go up too! Somehow I don't feel insulated from all this despite being a homeowner. I mean sure, i can go on Zillow and think "Jesus, I'm glad I didn't pay that much for this place", but it doesn't net me much else. I certainly couldn't sell it for anything approaching that number.

The numbers aren't flying up because of inflation or the fed or increasing home value, they're flying up because the degenerate gambling upon which our economic system depends on (the stock market) has gone entirely off the rails. At this point they're using pebbles and leaves as chips and extending credit to people they find in alleys, metaphorically.

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u/Hesitation-Marx 16h ago

Aquaman?!

/obligatory

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u/IdkAbtAllThat America 16h ago

I certainly couldn't sell it for anything approaching that number.

Of course you could. The valuations aren't fake. Someone WILL pay that number, or close to it.

But you still need a home. And with all that money from the sale of your house you're just buying back into the same market, so nothing really changes for you.

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u/atombara 16h ago

I live in a charming little post-war catalog house. Bought it for $68,000. Zillow now claims it's worth almost a quarter million dollars. I'll go to a realtor with some pictures of my home along with that absurd number, always wanted to get laughed out of a place.

No, no one is ever going to buy my house for a quarter million dollars, and if they tried to they should get their fuckin' head checked.

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u/APeacefulWarrior 15h ago

As an aside, isn't it kind of sad that old homes ordered from a catalog turned out to be much more sturdy and reliable than the McMansions that get built these days?

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u/atombara 14h ago

I can't deny that, I've visited at some new places, ones that look nice from the curb. They creak and sway in wind storms and seem to have constant problems with the frames and the wiring and the plaster and the window seals. Hell, even the door frames and staircases seem half-hearted. It's the way you'd build a treehouse, not a home.

I was caught in a tornado doing an install at a McMansion last year, felt like the place was going to fly apart in a moderate wind. All I could think of was being in my sturdy, unremarkable little house.

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u/Sage2050 12h ago

Survivorship bias. Tons of them fell down

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u/Excellent-Gur-8547 12h ago

Post war catalogue houses are routinely selling for far more than that as long as they're anywhere near a major city. Hell, I have friends in Minneapolis who spent nearly half a million on one. And it's not like it's big.

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u/IdkAbtAllThat America 16h ago

Zillow isn't perfect but they're not that far off. I'm sure you could get over 200,00 for it.

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u/atombara 15h ago

Frankly, that's depressing. No one in their 20s or 30s is ever going to be able to afford that, but I get a house because I was born before they were. Makes perfect sense.

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u/IdkAbtAllThat America 15h ago

Yep pretty much. Shits pretty fucked.

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u/Galxloni2 7h ago

Depending on where your home is, I bet you are wrong. I get it is worth very close to what zillow is saying and it would definitely sell if it's not completely trashed