Trump has declared 10 emergencies so far. Housing will be next.
National Housing Emergency Coming Up
Bloomberg reports Trump Weighs Declaring National Housing Emergency, Bessent Says
Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters.
“We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments,” Bessent told the Washington Examiner. “We may declare a national housing emergency in the fall.”
Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters.
“We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments,” Bessent told the Washington Examiner. “We may declare a national housing emergency in the fall.”
In Trump’s relentless attacks on the Fed this year, he has argued that high interest rates have added to the government’s financing costs and damaged the housing market.
Emergencies
Trump declared nine national emergencies plus a D.C. crime emergency, totaling ten emergency declarations in 2025.
I am surprised India relations with Russia is not on the list yet.
Q: What about Los Angeles?
A: Trump did not a national emergency specifically for Los Angeles or California in 2025. However, his southern border emergency led to controversial military actions in Los Angeles, including the federalization of the California National Guard to address protests against ICE operations.
Additionally, his administration responded to the January 2025 Los Angeles wildfires with executive actions under the national energy emergency, but no new emergency was declared for the fires.
Trump has threated Chicago.
The Energy Emergency
Please not we have an energy emergency despite the fact the U.S. is a net exporter of fossil fuels and faces no current fuel shortage.
The Smithsonian
In a Truth Social Post Trump says the threatens the Smithsonian over its exhibits.
The Museums throughout Washington, but all over the Country are, essentially, the last remaining segment of “WOKE.” The Smithsonian is OUT OF CONTROL, where everything discussed is how horrible our Country is, how bad Slavery was, and how unaccomplished the downtrodden have been — Nothing about Success, nothing about Brightness, nothing about the Future. We are not going to allow this to happen, and I have instructed my attorneys to go through the Museums, and start the exact same process that has been done with Colleges and Universities where tremendous progress has been made. This Country cannot be WOKE, because WOKE IS BROKE. We have the “HOTTEST” Country in the World, and we want people to talk about it, including in our Museums.
Housing Hoot
“We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments,” said Bessent.
Since when did Trump decide not to step into the business of states, counties, and municipal governments, the Fed, the business of India, or the business of anything else including the Smithsonian?
I have a suggestion Mr. President: End the lumber tariffs, the steel tariffs, and all the rest of the tariffs that inflate the cost of a new home.
Trump blames the Fed for low interest rates. But clueless Trump does not realize the Fed does not set long-term rates.
Trump Does Not Understand Interest Rates
For discussion of what the Fed controls or doesn’t please see Chart of U.S. Treasury Yields Show Trump Does Not Understand Interest Rates
Trump wants the Fed to control more than it can.
Any guesses as to how much free money Trump will seek to give away to promote “affordable housing”?
This is Trump’s complete lack of understanding of monetary fiat policy. Trump thinks it’s like his new infatuation, meme crypto. The Fed’s artificial low rates are designed to inflate housing prices. Bernanke took rates down to re-inflate housing values after their price rout from the mortgage crisis. When average home prices recovered in 2013, Yellen took Treasury rates back down to crisis levels, in the Fed’s 10-year ZIRP experiment. This resulted in unaffordable real estate and a stagnant housing market. Or maybe Trump is evil genius, as his investments have been mostly in real estate.
And what is their definition of a housing crisis, people arent buying their overpriced stuff? It was their bad govt policies, brought about by BOTH the Republicans and the Democrats of zirp interest rate suppression, money printing, and endless deficit spending, massive debt, that broke the housing market with too high prices. They keep doubling, tripling down on false doctrines, spending untold billions, even trillions, on the fed mismanagement and gimmicks trying to prop up bubble prices when plenty of sensible people for decades have explained, for free, the truth of exactly what would immediately get the housing market recovering: No more mortgage rate suppression by the govt, no more fueling asset bubbles with zirp. Thats what would really make America great again. Vote Libertarian not R or D because their policy of balanced budget and free markets would stop the senseless smothering of our economy with asset bubbles. But make sure they follow through with spending cuts and dont go astray back to this mess. We have had and still have a choice: keep spiraling down into a banana republic or get back to common sense. If we allow this to go on to long, we might lose our right for free, fair elections. I hope we wake up and choose the latter for a stable, prosperous future for the USA.
What do you propose Trump do to fix it?
That he constitutionally can?
I think the best thing Trump could do is inform the American people what the problem is, that the rate suppression, fed buying mortgage backed securities was bad policy because it enabled the speculation and risk off behavior driving prices way too high, made it unnecessarily difficult on young families, caused an excess of peoples spending to be needed for housing, hurting discretionary industries like restaurants. Trump should speak out against that frequently and on many platforms and strongly urge the Fed to continue shedding their MBS all the way to zero, which supposedly they say they want to do, and to never do it again but being Trump is a real estate guy, like many others in that industry, he may be in favor of that policy preferring his own interests over the overall population. He has also several times missed big chances to fix the main issue when he signed and strongly supported passing the cares act and then the BBB. Its this endless deficit spending driving up the debt that pressures long rates, so then tptb try these gimmicks that end up compounding the problem to try and spur demand, support bubble prices. So being that he has never objected once in action or words, I don’t know if he ever will, unfortunately, so it’s up to others with a big audience, for example I know Massie had a bill to abolish the Fed, to inform the citizens and urge them to vote against deficit spending and rate repression.
For every housing speculator driving up housing prices with no discernable value to society, there is a bank happily printing money out of thin air to provide funding. Stop that and the problem goes away.
For a new house how does the cost break down between lot, bringing in utilities, concrete, lumber, shingles, windows and so forth? Or is there too much variation to get useful data that way?
Ending the fed, ending perpetual bailouts of banks, ending government supported fractional reserve lending, ending fiat currency will all do more to make housing affordable than anything the govt can start doing.
If i recall the last time the government tried to help housing led to giving loans to people who could not afford them.
Not sure there is a housing shortage. Maybe a shortage where people would like to live.
There is NO housing shortage, TACO! There remains a massive pricing issue in most parts of the country.
We haven’t had a real recession that pushed down housing prices for going on 16 years now. In addition, everyone knows millions of people are locked into ultra-low rates which is the #1 reason we have weak existing homes sales.
There’s nothing magical here. At some point, the economy will weaken enough to push demand even lower. New construction, with builders still sitting on 30%+ gross margin BTW, will really start tail off and this will lead us into a recession just like it always does.
Anything TACO, Fed, Bessent, Congress or anyone else does to change this trajectory will only lead us towards an even worse downturn.
I live in DC so I know my way around the museums, but last year I took relatives on the Capitol and the American Portrait Gallery tours. Complete woke BS. Example: Surrender of Lord Corwallis at Yorktown, by Trumbull. Gigantic painting in the Capitol rotunda. The script was that there were no black people in the painting even though there had been black soldiers in the Revolution, hence racism. Of course, everyone in the painting is an actual person, who were all white. Perhaps a few of them should have thought to go to the surrender in blackface. Also, the guide misidentified George Washington in the painting.
At American Art, every single painting on the guided tour was by a black person, and each painting was about how it sucked to be black in the US (not what most of the paintings implied). Except for the painting of Oprah, I guess the USA doesn’t suck enough for her for it to be part of the propaganda spiel. A few of the paintings were actually good, most were crap. Anyway, ridiculously woke.
It was like a display at the Air & Space Museum 20 years ago on the Enola Gay. The exhibit said that the Japanese were fighting for their culture. What a white wash. The genocide of millions of Chinese or Pearl Harbor were never mentioned. Based on the exhibit you’d think the WWII was nothing but unjustified American aggression. It was really blatant. The exhibit was corrected after some significant protests in Congress, as it should have been.
Anyway, there’s a great deal of subtle or not-subtle PC bias at alot of the museums. Not all, though.
On the local news for a few weeks a couple of years ago they had black people talking about how the Mall bothered them since the buildings were all built by slaves. Um well, almost all of them were built by Franklin Roosevelt or LBJ, so probably not too much slavery involved.
Boy, you were somehow majorly triggered today. Sorry about your luck.
But this post is about Trump declaring national emergencies; try to keep up.
Are you saying museum tour policy around the nation is in an emergency situation? Because that’s whack LOL
I was referring to the Truth Social post in Mish’s article. My post was rather off topic and I guess sounded more over the top than it should have had. I found the bias annoying, hardly an emergency of course but something that should be eliminated.
Maybe he should not have slashed the budget for low income housing
Maybe they should end depreciation on appreciating assets (homes rented out)
Maybe they should let foreigners only own 1 US home
I think housing should only go up with the rate of inflation. So the FNMA should only buy and securitize mortgages that reflect 80% of the inflation adjusted price the property. And throw in that an individual can only own one residential property. The collapse in prices would be epic, but housing prices will never again be an issue.
If Trump was concerned about housing, he would stop ICE raids on residential builder sites.
His capricious and surprise raids, have a chilling effect on both illegal and legal migrants showing up for work.
To compound matters and also make it worst there are no stats compiled by ICE as to what builders, sites, frequency these raids have occurred . Based upon the grift of this president and his pay to play antics in the Oval Office, at Mar-a-Lago, etc., it has been revelatory that campaign donations and corporate bribes to Trump, his organizations, both family and friend’s commercial interests are the best means to prevent a stoppage of labor production in addition to curry favor at every opportunity in Trump’s presence.
I’m not anti-Trump or MAGA … and I am not thrilled with all of the “emergencies” and executive orders. I am a real estate investor and there are ways you could get me to sell off part or all of the portfolio (of course, if the comrades on here who don’t want people to invest in real estate get their way, all it will do is put renters out on the street). They could:
Or they could work the other side (ie: for flippers, renovators, and builders):
Basically, if gov’t became LESS in the way (the opposite of what most folks out here are suggesting) … as is so often the case … the market would greatly improve the situation
Maybe the comrade comment was directed, but I’m not the comrade you’re looking for 🙂
Much of this could be done through the tax code, and what you have is really interesting.
3,4,5,6 are cool, and I know first hand with the issues of 1 and 2 on the other side. I tried the fixer up route in Pittsburgh, and man, are things difficult.
These suggestions make sense (if you already own property like you). But as always, it goes both ways.
There’s an alternative ‘market solution’. Disallow any government-subsidized deductions for homeowners or real estate investors. If you want to rent to someone in the housing market, instead of investing your money in a different asset market, go ahead. Do as you wish.
But a depreciation allowance? No way, Jose, that just lets you keep more of your revenues than the rest of us get to keep by investing in stocks or bonds.
A deduction for a new roof? Forget it, Wilma. That was going to have to be done anyway, That’s the market price for investing in that particular asset (just like I pay a mutual fund manager).
Let’s get rid of those ‘special’ housing tax benefits that have been baked in forever. And then I bet we’ll get a lot more real estate investors wanting to sell off part or all of their portfolios to new owners or new investors for renters (at a reduced price).
You already get a ton of tax benefits. Why should you get more than the rest of us? One good market solution is to cut off your current government-subsidized largesse
A new roof … what if a storm hit? So the businesses you’re investing in with your stocks CAN deduct these types of expenses but real estate will be singled out as not being able to deduct them. Not sure you thought through all of that.
Yes, and when those businesses make profits, and my share price goes up, I pay capital gains taxes.
But you don’t want to pay those because I guess you’re special.
I can pay capital gains taxes, but it has to be real capital gains.
Capital gains example:
I buy a house for $125K
I sell hime 22 years later for $350K
22 years keeping up with inflation … $125K became $325K in 22 years
So I pay cap gains on my real gains ($25K) right?
Of course not, I pay cap gains on $225K. 15% to fed and 10% to NC.
So I pay $56,250 in cap gains … taking my $350K to $293,750.
So after cap gains … the purchasing power of my money went DOWN!!!
Sorry you don’t seem to grasp the issue here.
If I buy stocks for a total of $125K, and sell them for $350K 22 years later, I owe capital gains on $225K. That’s the market for assets. Why should I pay taxes on $225K, but you get to pay on only $25K in capital gains?
I do grasp the issue here. Again you want special treatment. Aren’t you cute? (and oblivious to what everyone else is paying to fund government expenditures)
So because others are being robbed, I should be fine for being robbed. Guessing you are progressive in that, they never met a tax they didn’t like … even if they’re taxing earnings that didn’t really occur.
I’m not being progressive at all. I realize worthwhile government programs cost money, and we all have to contribute. I’m calling out your personal hubris.
No one is being robbed LOL; you knew the (tax) rules of the (investing) game when you started. As did I and everyone else (that’s not complaining less than you).
Workers get taxed on income every week. If you buy a house and rent it out, that’s your income and you owe taxes on it (although I bet you’ve got enough government-subsidized tax deductions you probably list almost no net income each year).
And our tax code has counted wealth accumulation as a form of income (that can be spent later when sold) and taxed it accordingly for a long time. You’ve made it clear you don’t like it.
But come on man; think about the full-time US middle-income worker out there that is able to accumulate relatively little real wealth at all. How do you think they would respond if a no-debt millionaire investor whined to them they were being taxed on “earnings that didn’t really occur”? You must not be in contact with such regular Joes very much or you would get kicked in the balls by these workers every day
If you’re convinced that taxpayers should pay taxes on virtual gains … you’re just a special kind of snowflake. If you can’t see the absurdity of capital gains without indexing for inflation … I’m not sure if it’s loser political ideology …or just lack of mathematical skill
“special kind of snowflake” and “lack of mathematical skill” LOL
I’m only convinced of reality (which you appear not to be)
You sound pretty old. Have you noticed that capital gains taxes have not been indexed for inflation your entire life? If it’s been that way for decades, do you think it may be purposeful and not that everyone – besides you – is absurd?
Again, I get that you don’t like the taxes you’re facing. Who does? Do you think the average middle income worker that gets a 3% cost-of living raise likes the extra taxes paid next year when prices of things they are buying have also gone up 3%. Of course not!
But on a theoretical – and especially Congressionally-voted legal liability basis – both of you are paying a percentage of taxes on your extra ‘income’. Don’t like it; elect a different NC Republican legislator to make your case to Congress. Because so far, they are in charge and keeping your taxation system the same.
But in the meantime, go ahead and spout off your ‘virtual gain’ nonsense as much as you want – even if you sound foolish. You’re entitled to your own opinion, but your reality is tied up with the rest of ours. And you’re not special
Dude if you think paying $50K+ in taxes on a real gain of $25K is a good thing … then you make Stalin and Chavez look like capitalists.
Never going to happen as long as the FIRE sectors have outsized influence in DC.
To go against the banksters, securitization, the insurance industry and the real estate sectors is political suicide.
Government price control (which is what you are offering) has never delivered the planned result.
There are lots of new low cost options out there. I’ve seen advertisements for them but I don’t think anyone wants to take a chance on them yet. Lots of prefabs. But that would take away from traditional home builders.
If only we had any indication before the election that he was so clueless.
But also, what does it say to us about our nation that we elected this man?
Many people mistakenly believed that IRL he was the incisive brilliant CEO character created by Mark Burnett for The Apprentice.
Fair, and what does it say that the only other option was Kamala Harris?
Let’s not ignore that part of why Trump is President.
Democrats could not or would not find someone more accomplished than her?
This is why I make comments like Democrats created Trump.
If you would have given me and millions of other people a better alternative, and this coming from a party that really screwed things up the last 4 years.
We all need to look in the mirror. But yeah, we are pretty fucked up as a nation.
Kamala Harris has a juris doctorate degree, worked her way up to Attorney General of the State of California, was a Senator of the United States for the State of California, and eventually was elected and served 4 years as Vice-President of the United States of America.
Trump didn’t insult Kasich, but wanted him to drop out –
https://archive.nytimes.com/www.nytimes.com/politics/first-draft/2016/04/03/donald-trump-calls-for-john-kasich-to-drop-out/
“He’s taking my votes.”
Not much was made of it at the time.
The way it tweets and talk?
I know it won’t be popular here, but how about restrict/ban investors in what should be residential homes? Berkshire has a lock here in the area and are bidding up homes for rental properties and consolidating local landlords. Guess what. From the neighbors, rents are going ever higher under “new” management.
Maybe change the tax code to stop home-flippers? Maybe higher taxes on pure investment properties? Tax all proceeds from the sale of a home?
I’m not all for taxes since I’m one of those in the divorced upper middle class who are getting the worst from all sides, BUT taxes do change behavior, and IF we want to tackle the problem, then taxes can be part of the solution.
Why stop there? Why not centrally plan the whole economy. Let’s just create one shoe size for everyone that way everyone has at least one shoe. Let’s create one type of car so everyone drives the same one. One type of house, one type of toothbrush, one type of medicine…..
And then distribute one to every person – problems solved!
Sounds like a plan, Comrade! 🙂
I’ve been to the Soviet Union for a bit through the State Dept back in the late 80’s just before the collapse. I understand very well what you’re saying, but that’s not what I’m suggesting IF we want to address this one issue, and WHAT can be reasonably done to accomplish it.
One type of car ?? So long as its not yank tank, A nice 3 door Japanese car pls.
Have you thought through that? Do you know that rents have never been lower compared to the cost of purchasing? Right now, those that bought up lots of homes for rentals are struggling because of this. As for flippers … are you looking for homes to remain in a condition where they should be condemned? Gov’t spends $0 and sees tens of thousands of homes each year going from heinous to high end. Find a few places in your area where you could purchase a home (at todays rates), spend a few thousand to fix it up (just cosmetics) … and then charge a rent that will put you in the black (not hugely in the black, just not in the red) after you pay mortgage, taxes, insurance, maintenance, property management, and have some buffer for vacancies. In most areas … such a home doesn’t exist … as a matter of fact … most are not even close. What you are going to do is have no new rentals coming available … and the folks in the rentals won’t dare leave because finding another one will be either impossible to do … or significantly more expensive.
“Do you know that rents have never been lower compared to the cost of purchasing?” That’s the flaw in the argument and the point of the article. Home prices have blow into an arguable bubble, so of course the ratio would be lower. Those who do improve, I would agree, but that’s not the majority of flippers. It’s now almost like the last bubble with people just waiting for the price to rise just to sell, not to improve the property.
Actually, I would think a tax incentive would work for those who improve the home as you say – at least substantially beyond replacing the carpet.
Enforcing “how much did you fix up” would make it challenging. The market and inspections are the only way to make anything of that. As for purchase bubble … that doesn’t make the rents any higher for folks looking to invest today. I have considered selling a home to my kids at a discount … but if they financed it … it would still put them in the red in renting it. As long as one cannot make any money putting a new rental on the market … renters will suffer (which seems counter-intuitive … but anyone who understand the market knows it’s true).
“Please not we have an energy emergency despite the fact the U.S. is a net exporter of fossil fuels and faces no current fuel shortage.”
Philips just announced they are closing their refinery in Southern California. That will tighten supplies here. If another refinery in Northern CA closes as well, prices could rise to as much as $8 a gallon here.
Anytime Californians want cheaper gas all they have to do is buy it from other states and ignore the special California blend rules. The fact that they aren’t says they are fine with whatever the current prices and availability is.
I think the average Californian want cheaper gas its the politicians that don’t want to find a way to give it to them.
Not sure a “national emergency” can prevent California from being stupid.
Rule by spurious emergency declarations is typical for Latin American authoritarian leaders, from Pinochet on the right to Maduro and Castro on the left. It allowed them to bypass the rule of law. It’s kind of funny that the US political system seems now to be converging to Latin American standards, when it was US policy for decades to make sure that convergence happens the other way around.
There’s nothing spurious about it. Call it spit balling sure.
When Congress is broken, split, has no middle ground & only a UniParty, then nothing big is going to get done.
Don’t blame Trump for Congress’ dysfunction.
Please let us know when this was? It sure as hell wasn’t recent:
US policy for decades to make sure that convergence happens.
Trumpo Chavez is in the building everyone!
There is a lot they can do, but should they? Why don’t the Builders, who have made money hand over fist in “The Housing Boom” we were just in, lower the cost of their homes? More sales, means more money, and the quicker you get rid of unsold inventory that’s not moving. They can afford the hit, to get out from under, and not go under too. Let’s see the money makers “Go First” and based on there performance, react accordingly…
How are you going to keep costs down when ICE is raiding Home Depot’s???
That’s not true. They are doing their jobs, I agree 100%! They go where the illegals are said to be. If it’s my house, they would come here too!
There’s an unprecedented housing shortage in the area I live (Springfield Mass metro) which has been the hottest housing market in the entire country for 3 months in a row according to realtor.com. There aren’t enough houses coming on the market to meet demand.
The rental market here is just as bad if not worse. In my town with a population of about 30,000, there are just a handful of rental apartments listed on the major sites. On rent.com, there are just 3 listings. As a result, rents have skyrocketed here.
Sell, Mortimer! Sell, sell, sell!
Consider taking your equity gains and moving somewhere else. (Only if you like some other part of the country.)
And yet, as much as rents have skyrocketed, nationally … they have never been lower compared to price of purchasing a home. Yes, supply is a big issue… obviously MA makes a lot of this problem with their regulations and taxes … but if the market is good, the builders will come (if gov’t lets them)
What about overpriced cars? Don’t matter if it’s ICE or EV. We can all use a price break at the showroom. Give me a BYD EV for $15k.
I hope the POTUS RECOGNIZES the IMPORTANCE of transportation to OUR BEAUTIFUL NATION and pays attention to this matter.
And LED TVs! It’s highway robbery!
Yes! This too!
Thank ourselves for our attention to these matters!
Hmm… 55” last month for a couple hundred. Seemed cheap to me…
Thread music, Mish?
Foreigner’s “Urgent”
https://yandex.com/video/preview/6463017358965023774
Bobby Darin” If I were a Carpenter”
Stop deporting carpenters, plumbers, bricklayers, sheet rockers, roofers, cabinet makers, electricians, etc. Open up the southern border and get some work crews. Start importing cheap building materials and tools with no tariffs. Start having the undocumented workers train ICE on how to pound nails. Give RFK Jr. a real job. Measure twice; cut once, etc.
Haven’t we been doing that for the last 40 years. Sure have in NY.
How about pushing the trades from 9th grade forward? Like we used to do. Is woodshop still even in a curriculm anymore?
In Jamaica, I think its 10th grade your grades determine whether you are going for the professions or the trade and they push you in a direction.
We ought to start doing it.
A college Education today in America might be the most over rated accomplishment out here.
Lol. For most of the 40 years, it worked great. W injured it; Trump killed it. Anyway, that would make the housing emergency far worse, so Trump and his cabinet of clowns would probably fall for it. My kids, in their 30s, both have college degrees, and they both are doing exceedingly well in their careers. Money? We’re both liberals, so they’re very talented and getting rich.
I can take a dig there JCH………
How would teaching up & coming students the trades make it far worse? And I’m fine with bringing in workers on work visas for the trades. But the last 4 years we brought in illegals from 100 countries that for most of them the only skill they had was asking for more free shit.
And some of you guys here act like that’s over. Its not over, there still here and NYS is bankrupt feeding housing & clothing them. The Feds will print money out of thin air to rescue NY and probably cause more inflation.
Thats the norm now? 1,000 Nigerians at the Mexican border and I can’t say WTF without being called a MAGA by others here?
Anyhow, happy for kids. You and the misses did something right.
No guarantee there going to be liberals there entire life, remember that.
The emergency is now; your solution is years out.
I agree. Some combination of regulations, targeted immigration and right now.
Don’t forget elementary, middle, and high school graduations. Exceptional accomplishments in many school districts!!!
You’re talking about the Teachers Unions. Do you know how many Politicians Owe There Life to them. They are even protected from Trump. The biggest one sided group in America, and for ALL the Wrong Reasons IMO…
Yeah but there is a way around that. Even if it gets delayed , not good but Community Colleges need to start pushing the trades more. In my area they have been doing just that for the last maybe 4 to 6 years.
I am certainly no fan of the teachers union.
I couldn’t agree more with trades!
I suggest training programs to get people into the trades. Surely we have the people.
I’d do it! Sure as hell beats returning my fat ass to a desk job.
RFK Jr. has a real job: cleaning up the corrupt public health agencies.
The southern border was so open under Biden, that there was a mass invasion of illegal aliens.
And we needed all of them.
Bringing in 18 million unvetted was over the top. The vast majority of those being booted have committed crimes in the US. I don’t think we should “deport them all” … but if someone has committed one or more crimes … there are others who will come here and work and not be criminals.
I renovate homes and have not had an issue finding folks to do the work here in NC (many of whom are immigrants).
Interesting. Thanks Mike. And can you say if those immigrants were mostly latino? as in Mexico, Guatamala?
Those folks in my NY area are mostly hard workers and there is the minority of criminals.
What the liberals fail to mention is this was not like other years.
NGOs were paying to fly people from 100 countries to the Mexican border. How many countries must a Haitian or Nigerian or Venezuelan cross through, “illegally” to get to the Mexican border ?
The last 4 years under Biden was an invasion it wasn’t a border issue.
And to make matters worse they lied about it for 3 years until you could not hide the bodies on NYC streets waiting to get checked into a motel
Oh so Trump is lying to me? I have been lied to for 4 years straight but at least he wants to tighten up the borders and send actual criminals back to wherever.
No bail. Another liberal brainstorm for NYC. Fucking sick of it.
Do Democrats ever pause and look at WTF they are doing?
Downvote all the hell you want, your downvoting the reality of the last 4 years.
Hey Mish..I have a better proposal…limit homes ownership to no more than four…
this will put out of business all the greedy vultures corporations, hedge funds, private equity firms etc. Mom and pop don’t need more than four rental homes anyway…
and a lot of congressman & women and oh whats her name, one of the most recent Fed governers who is such and expert in banking & finance that she doesnt know which of her 3 homes are personal residence or investment property
Is that the one who’s not a biologist?
That went over my head, not that its hard to do.
?
Even if you made it 10 it would make things 100x better.
Another suggestion that has become widespread to is eliminate foreign ownership of real estate. In many countries, if you aren’t a citizen you cannot buy property in that country.
So you’d prefer to destroy life for renters than purchasers. OK. And you have no concerns about destroying entire industries (why wait for AI to do it right?
In france you get overtaxe if you own more than 1 home.
Large gray barebones concrete apartment buildings: Khrushchyovkas. Scotty Basement or Howie the Duck can order the plans from the Soviet Union.
I have a controversial idea on what can help the housing market in the long term, not including zoning, building restrictions, etc. I believe that low interest rates (especially low and negative real rates) cause housing prices to rise because this both allows buyers to purchase a more expensive home for the same monthly payment and it encourages speculators and investors (instead of owner occupants) to buy homes. Low interest rates also means that home prices appreciate faster than relatively risk free savings appreciates. With higher interest rates, home prices will appreciate much more slowly and prospective homeowners savings will appreciate faster allowing the new homeowner to actually save for a down payment. Recently home prices have appreciated much faster than savings in the bank so it is futile to try to save for a home. So although it sounds counter-intuitive, higher interest rates will help.
I agree. And I do believe Trump is wrong here.
MAGA loves this mis-use of emergency power to achieve get their agenda.
all this executive power will come in handy when the next Dem president undoes all this in an hour, then declares a national gun emergency and starts picking up gun owners about town while military consfiscates their guns at home.
they can use the same ‘probable cause” logic they use on picking up brown people: here’s a fat guy exiting a Home Depot, walking to his truck with a MAGA sticker, so 98% chance he has a mini arsenal at home, so let’s use masked, unidentified agents to pull him into an unmarked van and drive off. and we’ll use troops from blue states to make sure they don’t awkwardly wind up loading uncle pete into a van.
this assumes e have another fair election, which is highly unlikely because he’ll declare a voting fraud emergency” if a Republican loses, with troops already stationed in American cities.
Stereotype much. Oh its ok when you do it though?
Cult members embrace their uniformity… so the stereotype is true.
I dont know man. Liberals have to agree on everything or they get destroyed like JK Rowling for instance. Republicans disagree about a lot of stuff but don’t destroy them.
I’d say the Democratic party is the cult today.
I’m stereotyping in comments to make a point, hurting no one. Trump and ICE is stereotyping in real life, scooping up American citizens based on appearance. it’s unconsitutional
I will admit that some of what I have seen and read was over the top.
Can we at least get the convicted criminals that are here illegally out of the country?
Is that too much to ask??
sure i agree with that, but you need to identify them, not swoop in to a Home Depot under the reasoning that a % of them may be violent criminals. i agree with closing the border also
the issue i have is he takes everything to an idiotic extreme that hurts all of us and because he’s doing it to a group his base doesn’t care about (to put it charitably) they’re ok with masked, unidentified agents loading brown people in to vans and if they turn out to be American citizens, well that’s too bad. if we saw this happening in, say, France, we’d have no problem saying this is messed up in the extreme and France can’t really be called a democracy of laws anymore.
I agree with you Anthony.
Sometimes with Trump he just cant help with going over the top. It pisses me off too believe it or not.
Its like isnt there someone sane enough to say hey tone it down and clean it up, your not going about some of this the right way.
20 years ago my divorce lawyer had the perfect line.
” I’m here to protect you from you” LOL
Isn’t there someone to protect Trump from Trump” ? Apparently know one with the balls at least up until now.
LOL you were so close to getting the point, so close
I get the point Phil from CT. But its you Democrats that act like a cult today.
My turn to stereotype.
Ct, probably white guy thats like 98% chance your a Democrat.
If the national guard went into a few streets in Bridgeport to clean it up would you be upset?
And I gave you an upvote.
Lol not quite getting it still
If the national guard went into a few streets in Bridgeport to clean it up would you be upset?
It’s a question Phil
Sounds like a horrible neighborhood. Keep us posted.
“Any guesses as to how much free money Trump will seek to give away to promote “affordable housing”?”
Answer: A lot and too much
Gotta lock in those passive inflated gains
yeah, nothing has changed
I hear ya. How the hell we don’t get inflation from that on top of everything else would be a bloody miracle Bill.
I remember the day of 16% car loan rates and 14% mortgages ala Jimmy Carter economy? I wouldn’t mind 12% interest on my Cds though. I know,be careful what you wish for
Back in the day when even if you disagreed with him, you respected him. I did. I’ve been told by MAGA I’m wrong.
Back in the day of the 1970s to early 1980s we all may have disagreed on how to get there, there being what was best for America. But we all wanted to get there together so it was cool.
Now its destroy the other party first and be dammed with what the hell happens to the country and the American people. And that is exactly where we have been at for how many years now?
Another “National Security” issue. When everything becomes National Security, nothing is.
A bit ironic that the “anti-socialism” President will be implementing socialism where housing is concerned, just as he is implementing fascism (collaboration and sometimes outright corporate ownership) to protect manufacturing.
I’ve got an idea. How about changing the name of the system to National Workers Socialism. Yeah, that’s it. Familiar ring to it?
Finally, when people learn they can vote themselves money, that will portend the end of the Republic. Ben Franklin may or may not have said that, but it is almost certainly true.
+1 because it’s true. But regarding the “vote themselves money”, our oligarchs have have been doing that for …. gee, IDK. Hard to say when it started or, at least, when corruption started going exponential.
Personally, I think of Hunter S. Thompson’s mentioning a “high-water mark” in the early 70’s. Turns out it wasn’t just a HWM for progress on social and political fronts. But, real wages for the bottom half stagnated from around that time too.
Enough Big Government. It is out of control completely. Republicans USED to stand for a Smaller and less invasive species of Congress People.
I do not NEED my Government any longer. I am a grown up now.
there is no limit when everything is an emergency
a state devolving into greater and greater chaos invites an “Emergency Act (1933)” to provide stability and stop those who resist the necessary
I was just thinking of Atlas Shrugged and Directive 10-289. Everything Ayn Rand wrote seems to be coming true.
https://www.conservapedia.com/Directive_10-289
Free markets are not free.
I agree with Trump on energy emergency. “We don’t have oil” is not the existential emergency but the “we need to control the climate” religion of the left that is bonkers.
Says the guy that couldn’t hit the broad side of a oil tanker…………….Oh, not that Daniel Jones……………….I hope he wins a Super Bowl with the Colts. He is a good young man…………..Not so good Qb, to date, hoping for the best
it’s not a religion, it’s science. the same science that built the device you are readin this on.
the planet is warming and if it keeps up, we go extinct. Do we create it? who cares. we don’t need to know every link in a causal chain to fix something. much of modern medicines work for reasons we don’t completely understand, we just do studies that show if yo take this substance is makes that go away and it probably has to do with X or Y. Headaches aren’t caused by a lack of ibuprofin.
we know that greenhouse gases make things hotter. it’s easy to check this in an experiment, and it’s also observable reality (for example, Venus is 900 degrees because it has a dense atmosphere of greenhouse gases) so we need to lower those.
Just a note: Venus is also closer to the sun. That might be a reason for the temperature.
My own experiments have shown that I am warmer when I am closer to a heat source than when I am farther away from it.
Shame Trump and his misfits won’t declare a national emergency on themselves. Would solve no end of problems.
We don’t need to declare it upon ourselves. The way our cities are run for what 55 years now with democrats in complete control that national emergency is in DC,Detroit, St Louis, Newark, Philly, Troy, Parts of Albany, Baltimore and on and on and on.
And I love Grease ball Newsom complaining about the crime in red states, Well hey yeah go clean that shit up too. I hope Trump calls his bluff and somehow gets the NG in there I will laugh my ass off at how the lefties are now going to spin that one.
If trump really wanted to clean-up the cities he’d create/legislate a national program targeting all the ‘crime ridden’ cities. Instead he politicizes this by targeting blue state cities only. Likewise if he really wanted to solve the non-documented problem he and congress would pass legislation (i.e. the bi-partisan bill of 2024) . The same is true for whole host of ’emergencies’.
Bread and circuses has been working since at least Roman times… still working now for David
Fair point. I will send me that memo.
Thank you.
excuse me we are doing much better in Lou We dont need nor want the national fascism guards STL is at 90 homicides at end of August, that’s 16% decline from last year, 32.8% decline vs a 5 year average and it’s the first time since 2014 that we have less than a 100 homicides going into September.
Respectfully, I do not believe any statistics coming out of government these days, on either side
I have a personal emergency! I’m almost out of oregano.
Did you not hear about the new Oregano Tariffs? 😉
you guys are killing me. Hey my corkscrew broke the other night and I was on Defcon 4 nuclear alert trying to get to a store before it closed
The boomers will die soon enough, releasing the inventory. Fake emergency.
Not as fast you you think, and are apparently hoping for.
The kids get the house. Your past history of that is they just turn around and sell it but now with these young adults struggling , they will stay in that house a lot longer
Check your demographic statistics
These are not “young adults’ if their Boomer parents are dying and leaving a house
Everyone forgets GenX actually exists… 73% of us own homes already
which is functionally the same as more supply than we had before. When junior is no longer trying to buy a house because he lives in mom and dad’s it reduces demand by one house which is the same as increasing supply by 1 house.
I’m not saying its a good thing, it is just happening, especially in NY.
In NY, they now sell village homes, 1650 Sq Ft and a lot do not have the modern amenities and they are asking 450,000 if its still move in and 375,000 if it needs a ton of work
My stupid Shit Father in Law has TWO Boomer houses. I am a boomer and need no more housing.
If he had 3 I would suspect he works for the Federal government. Joking…..Kind of.
Hey I downsized too. I currently have my son and his hard working mexican girlfriend whom I like very much renting my house out , at waaay under FMV, but still $2,800(includes everything even landscaper) and I am renting a townhouse farther north, and loving it. Something breaks, I email the Mgmt company.
True, but either way, it’s the same thing. Those kids won’t need new homes.
I dont disagree
Actually, given that 90% of one’s consumption of health care occurs in the last 5 years of one’s life, the equity in these boomer homes is not so safe. And given taxes, the heirs often have to sell. But that just changes the median price of existing home sales… down.
The concept of emergency is to suspend rules only in, well, emergencies. Emergencies by definition emerge quickly, so the usual deliberation can’t work. When everything is an emergency, the rule of law is lit aflame. All sorts of different dynamics, such as predatory competitive rush for populist-flavored (on the surface) cronyism (in the swamp/depths) rush forward. Trump is burning the family furniture institutionally. It was in degraded condition, but not enough for a bonfire.
Big surprise: nothing but emergencies when an idiot/moron is in charge.
“McConnell joked that Trump’s ex-secretary of state could deny calling Trump a ‘moron’ because he actually called him a ‘fucking moron’: book”
McConnell Joked About Tillerson Calling Trump ‘Fucking Moron’: Book – Business Insider
“Trump blames the Fed for low interest rates.”
I thought he was blaming the Fed for High interest rates. Did something change over the weekend?
Yes, it did. I cannot keep up.
The real emergency is the 30 year bond breaking 5 percent. Currently bumping 4.99% this morning.
The second emergency are farmers going broke all over the Midwest and beyond.
https://www.youtube.com/watch?v=-wmceQDhkdM
I love the willingness of these dimwitted farmers to fall on their sword for trump. The rise of the Kamikaze farmers.
But communist trump may as well nationalize the housing market and farms across America. Hugo Chavez and Fidel Castro would be proud of Trump.
And, of course, even more ‘free’ money will mean even more price inflation in housing costs and greater divergence between these costs and income for most; thus exacerbating the predicament…great, however, for the wealthy who are increasingly holding the majority of this wealth asset.
Could not help but think of President Reagan’s comment: I’m from the government and here to help” Our country has had about all the help we can stand wrt trade and foreign policy.
Trump is soon going to sue all rulers for undermeasuring him.
LMAO! that’s a good one
I think his heads getting bigger. The orange hair swoop just aint working anymore.