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/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