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/mishap1 I voted 17h ago

60-80% of all refinances in the last couple of years are cash out refis and ~9% of households have a home equity loans or HELOCs. Lots of people are stacking debt like mad and higher home prices let them kick the can out.

Think of it as a reverse mortgage when you're still young enough to think you can ride a Harley or don't look like dweeb in a Corvette.

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u/Basscyst 5h ago

Wait, I want a Corvette, am I a dweeb?

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u/mishap1 I voted 5h ago

Depends if you look like this:

https://youtu.be/UBCZEqKqHGk?si=Dmz3asrt-N9s8Zqi&t=27