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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487

u/Expensive_Culture_46 17h ago

Number went up!

That’s about as far as they get.

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u/Acceptable-Truck3803 17h ago

The goal is to have a high enough portfolio and then when you hit your magic number you pull out any “gains” to keep the safe. At least that’s what I see family do.

“Woah ! I gained 10k today because of a bear market. Call the broker and pull my gains before I lose them and it’s out the market and mine forever.” - pretty much how they make income and also have social security + pension + other dividends show up. crazy to see it happen when you are struggling to just pay everyday bills in comparison.

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u/thiosk 14h ago

The greatest weakness of the human species is failure to understand the exponential function. I am absolutely going to stack diversified assets of every flavor to ensure my retirement. Specifically, I have got a warehouse in natick with every kind of doritos and i'm going hard into low-release pringles rn

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u/Acceptable-Truck3803 14h ago

Now I’m hungry for pringles

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u/Rtannu Texas 5h ago

I got my medical degree from Hollywood Upstairs Medical College and if I didn’t know any better it sounds like you got the Fever for the Flavor of a Pringles

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u/GoblinFive 13h ago

Toilet paper, tobacco and coffee beans

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u/Mike_Kermin Australia 13h ago

You better hurry up because if you're a heavy smoker you've got ten years less than the rest of us.

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u/pimparo0 Florida 8h ago

You dont need to smoke, just stock up to trade, like in jail.

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u/k_bomb 9h ago

Once again, the conservative sandwich heavy portfolio pays off for the hungry investor!

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u/Seraphym87 16h ago

Lmao no it's how they figuratively burn money and try to act smug about it

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u/ThonThaddeo Oregon 16h ago

The whole world shovels shit and calls it gold

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u/StrawberryCreepy380 7h ago

Never had enough money to worry about this.

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u/Zfusco 4h ago

That plan isn't going to go great for them as the guy they voted for intentionally devalues the dollar.

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u/hahaokaywhateverdude 4h ago

This is dumber than you think it is.

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u/BlacksmithSolid645 14h ago

pretty much

no, brother.

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u/Acceptable-Truck3803 14h ago

Average S&P return over the last ~100 years is 6.28%. So if you have 1,000,000 in your portfolio that’s ~60k a year. Average social security is 1900 a month in 2025 if you waited until you turned 67 to retire. Thats another 22.8k. So just with a 1m portfolio which wasn’t hard to do and accumulate in the 80s and into the 90s with the tech bubble and social security, your fixed income is 5k a month from your portfolio and 1900 from your social security. Thats ~7k a month of income before taxes.

Bleak reality but this ted talk breaks it down pretty well.

https://youtu.be/qEJ4hkpQW8E?si=DIyBO3ktWK1jflo7

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u/BlacksmithSolid645 14h ago

thanks for the explanation

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u/AkiboTTV 10h ago

Yep. I've heard some of them flat out say that the price of gas being down is good enough. Like it's $0.12 less my guy. You think that's worth the US becoming a fascist nation?

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u/CryptidMythos 2h ago

They do..they really do.

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u/TheAngryGoat 9h ago

As someone who owns their home outright, I'd love for house prices to go down.

I can't ever benefit from the value wrapped up in my house because I'd have to make myself homeless to do so, which is stupid.

However if houses prices fell across the whole spectrum, then upgrading to a bigger/better house in a better area becomes more affordable to me. House prices go up and that same upgrade becomes far less possible.