Somehow, I doubt Gen Z will like this message.
Driving Up Home Prices
Trump: “People who own their homes, we are going to keep them wealthy. We are going to keep those prices up. We are not going to destroy the value of their homes so that somebody who didn’t work very hard can buy a home. … I don’t want to drive housing prices down. I want to drive housing prices up. They can be sure that’s what’s gonna happen.“
That is going to make one hell of a political ad in October.
Five-Pronged Message
- Zoomers, you don’t work hard.
- Trump wants higher prices, more inflation.
- Homes won’t be affordable. You can be sure of that.
- Property taxes will rise.
- Skyrocketing homeowner’s insurance will rise even more.
If home prices rise, property taxes and homeowner’s insurance will rise. That means the price of rent will rise as well.
Best X Responses
He looks straight at a nation priced out of shelter — and promises to make it worse. On purpose. With a smile. A family refreshing listings at midnight. A young couple counting savings. A renter watching the dream die in real time. And somewhere above them, a man in a gold chair vows to raise the walls higher — for those already inside.
So houses are just going to get more expensive than they already are? Doesn’t that make them less AFFORDABLE?
So he wants housing to be more affordable for people who don’t own a home and want to (not to mention rent tied to price of real estate) and also make housing prices higher to benefit existing homeowners. Well, that’s a neat trick.
This obviously sucks for new home buyers but we don’t talk enough about how it doesn’t even help current homeowners. If I want to sell my house, it’s to buy a new house. My house going up in value doesn’t help me if the house I’m buying does too, it just makes it harder to sell
Hey, we’re only 30 points underwater with people under 40 – what else can do to fuck them over after killing student loan forgiveness, blowing up health insurance prices and deporting all the child care workers? I GOT IT! Let’s make them pay a lot more for a house!!!
Flashback September 5, 2024
“We will eliminate regulations that drive up housing costs with the goal of cutting the cost of a new home in half,” Trump said in a speech at the Economic Club of New York.
And on September 12, Trump repeated the message.
Well this clears that lie up.
Also note trump’s tariffs on steel, aluminum, lumber, appliances, and cabinets.
Everything in the new house is going up in price also.
Mystery of Faith Q&A
Q: Was Trump correct in 2024 on home prices falling?
A: Obviously
Q: Is Trump correct now on home prices rising?
A: Obviously
Q: How is this obvious?
A: Because Trump is always right.
Q: What about the contradiction?
A: There is no contradiction. Trump was right then, and he’s right now.
Q: That’s impossible.
A: You need to talk to Father Bates.
Q: What?
A: In the fourth grade, I asked Father Bates if God was all powerful, could God make a rock so big that he could not lift it. Father Bates replied that was a contradiction and contradictions logically cannot exist.
Q: I am not following.
A: Well, as we all know, Trump is never wrong. Since Trump is never wrong, he was right then and he is right now. Otherwise we would have a contradiction, and contradictions cannot logically exist.
Q: Are you suggesting Trump can make homes more affordable by making them more unaffordable?
A: Yes! That is exactly correct. Father Bates would be proud of you.
Father Bates also liked to discuss “The Mystery of Faith”. This appears to be a mystery, so please keep the faith.
I hope everyone is keeping notes. There may be a pop quiz next week.
Trump Cheers a Plunge of the US Dollar “I Think It’s Great”
Please note Trump Cheers a Plunge of the US Dollar “I Think It’s Great”
Understand that a falling dollar makes imports more expensive.
Trump is cheering inflation.
I have no idea what I was thinking when I wrote that post. I clearly forgot about Father Bates.
Since, Trump is never wrong, higher prices must mean lower inflation. Otherwise we would have a contradiction. And as we have learned, contradictions cannot exist.
Related Posts
January 14, 2026: The Fed Has Missed Its Inflation Target on Ten Different Measures
The Atlanta Fed tracks various inflation targets. Let’s have a look.
January 28, 2026: Fed Holds Interest Rate Steady at 3.5 to 3.75 Percent. Two Dissents for Cuts
No surprises.
And for a look at what health care will do to the PCE price index, please see Expect a Big Divergence This Year Between CPI and PCE Inflation
Rent and Healthcare go different ways in 2026. Plus there are huge timing issues.
January 29, 2026: Dear Jerome Powell, Are You Sure the Fed Is in a Good Place?
That’s what Powell keeps saying.
Another over leveraged derivative TBTF systemic banking crisis (Includes BlackRock).
Mish needs to give zoomers perspective on unaffordable housing prices. The majority of the problem is built on the grounds of the Feds liberal low-rate policies. Intentionally engineered to drive up asset prices. Which “K” shaped the current economy. Trump makes the problem worse, pumping billions into initiatives and subsidies, tariffs, and his intent to drive down interest rates. Mish’s anti-Trump rhetoric subtly leads zoomers to believe Trump alone is responsible for their inability to afford a home. Zoomers that weren’t financially aware when the Fed began its low-rate bailout of the mortgage market. Zoomers susceptible to media influence to guide their beliefs, as they were convinced by progressive media to turn on Musk. When Musk and DOGE were their best hope to halt the rise of unaffordabity.
Trump’s promise in the lower X video was actually to cut the price of BUILDING a home. Not the same thing as manipulating the prices of all homes, which the top video is showing. That may be splitting hairs. The financial systems in America including the currency, are under severe stress. Bubbles are important to debt markets and those invested in them will defend them because the alternative is to be wiped out as synthetic wealth vanishes. It’s sad to see a man who can pass judgement on Gen Z believing they haven’t worked hard. How does he know how hard they’ve worked? There should be opportunity for those on the lower rungs of the career ladder to work their way up from apartment, to starter home, to larger home, if that’s what they want to do. That is what my parents did. Because of currency debasement far outpacing wages, even small apartments are too expensive.
It may be because of the jeopardy the PETRO-DOLLAR is in, and the rise of BRICS currencies based on real things gaining momentum, that HOUSING is being considered as the substitute asset that could potentially back the declining Dollar. It can be called the HOUSING-DOLLAR. Since 1913, and the fall of Bretton Woods, the USA financial system was an unsustainable mess with a built-in ticking timebomb. It will keep working, until it won’t.
Wow. Trump just had his ‘let them eat cake’ moment.
The parasite class seriously underestimates the anger against them and this society now.
(Ironically, of course, as Maria Antoinette never said those words — that WAS propaganda against her and the crown)
But this is real. Trump can’t walk this back– it won’t matter.
Let’s hope he doesn’t chicken out of ICE enforcement–because Americans DO want that.
I must have been napping. I thought Trump was going to ban institutional ownership of homes to drive prices down. Or is he going to do both?
Mish is right. This needs Father Bates.
(Setting totally aside questions of whether setting prices one way or another is part of the effing government’s job.)
Not sure who father bates is but trumps more like master bates.
Did the people who voted for him really think he cared?
Wow, looks like the filter has totally come off.
Now at least his supporters will see what he’s really all about, instead of rationalizing all the fairy tales he spouts
Between this, inflation, and destroying the dollar, we’ll be nominally rich but broke in real terms. And with no civil rights
Yeah, winning!!! So much winning!
Moron!
No wonder!
He is a property developer.
Backdoor BlackRock Bailout on the plus side boomers are aging out & passing on. Home often a core of their estate
Fr Bates we better drop to our knees, and pray the Trumpster can get those home prices UP, cause the reverse (home prices down) is a devastating multiplier (I think 3:1 neg; more powerful than the positive multiplier, around 2 or slightly less:1 I think).
Mises said that a debt fueled boom ends with the debt collapsing or the currency does. Pick one. It’s a damned if you, damned if you don’t, outcome.
After the 1930’s debt collapse, Roosevelt confiscated gold and repriced the dollar lower, to generate inflation. The government debt is up to 38 trillion. Deficits are being ramped up to prevent a 1932 event. Neither political party is willing to pull the plug, triggering another deflationary event.
But math simply is and it’s laws have not changed.
This spectacle has devolved into a grotesque circus, and the world is dragged along as an unwilling audience. The only sensible response is total disengagement—deny it attention, deny it oxygen, and refuse to legitimize these manufactured outbursts by reacting to them at all.
Oh we’re 10-15 years too late. TPTB including the MSM desperately wanted this circus, gave it all the oxygen it could take.
All around the mulberry bush, the monkey
chased the weasel. The monkey thought it
was all in fun. Pop goes the weasel.
A penny for a spool of thread. A penny for
a needle. That’s the way the money goes.
Pop goes the weasel.
Up and down the city road. In and out of the silver eagle.
That’s the way the money goes.
Pop goes the weasel. Half a pound of tuppenny rice. Half a pound of
treacle. That’s the way the money goes.
Pop goes the weasel.
No truer words were ever spoken. I started studying economics back in preschool. This song is deep if you really delve into it. Economics is the same as it ever was.
BINGO
This is ridiculous and absurd at every level. This is a crappy thing to say and it’s worse public policy if he is doing things to make housing more expensive.
Although based on the full quote, dropping rates will make housing less expensive from a borrowing perspective which is where basically everyone is. You borrow to buy a house.
This is a great opportunity for deep blue states to let Trump have it if they make it easier for apartment and home builders to build more so that the supply of housing catches up with demand and prices fall. Like what happened in Austin, TX.
Blue state leaders, what say you?
Coping hard today are we?
No, calling balls and strikes. Sorry that offends.
On the bright side…I don’t think Gen Z pays any attention to Trump.
The January Gold and Silver gaps are closing.I want Gold and Silver to stay high for everyone who owns it, and for Gold and Silver to come down for whoever wants to buy.
There is no floor until 35 then a rest but the apparatus is going down and it will take another 20 years for the fever to comeback right now all it’s left is praying….
Your chocolate ration has been increased to 20 grammes.
Bernanke bankrupt half the home builders. He conducted the most contractionary money policy since the GD. Powell on the other hand conducted the most inflationary policy ever. Powell has validated housing prices.
The rate of change in money flows peaked in June 2022. The inflationary impact was textbook.
You give to much importance to the fed they have control of nothing the bond market is the one that moves the needle…if you want to know where this is going look at the 2 s…..
The deranged clown is getting worse by the day as he is reliving his reality tv days. To him, this is all a game where he gets to dominate. It is really a sad and seriouis situation.
How is T-rump going to drive up prices when he’s announced he’s going to prevent corporations from buying up all these homes? How’s he going to keep prices high when demand continues to drop? He’s such a clown.
Oh ye of little faith. He’ll 1500% do it.
He’ll lower the funds rate 500%. So it’s inflationary, yes – home prices will go up. But with a negative rate, the bank pays you for the mortgage! Golden Age math.
Trump believes in only one thing, money.
Those who have it are Winners, as evidenced by their richly-deserved nice houses.
Those who don’t have it are Losers, and deserve nothing. The loser neighborhoods need to be destroyed, the people relocated, and real estate developers (the most noble profession) can come in and make America great again. Gaza will be the template for America.
In Trump and Musks minds, the lower classes need to be eradicated.
You have Covid? “Drink Bleach” or “Take Horse Medicine”.
Chlorine Dioxide which was used successfully in a South American Nation against COVID 19, is also a bleaching agent in Pulping Tech.He might have wrongly used the word bleach,by not fully knowing about the points above.
A little knowledge is a dangerous thing. He seems to have “a little” knowledge in almost all areas.
aye aye
64 studies have now found statistically significant benefit from using ivermectin (“horse medicine”) for Covid 19
Yeah, that’s what he said. Don’t forget to put more purple dye in your hair this week. The Minneapolis winters are tough on that color.
Funny. LOL. I love this, and this is exactly what I feel. There is no common sense anymore. People do whatever they want, however they feel.
Awesome post Mish!
Pretty close to my conversation with the perverted Catholic Priest that led our congregation regarding the Immaculate Deception!
Keep em thinking!
😉
I appreciate bmcc’s term more every day: dumbfuckistan
why thank you. long live PAX DUMBFUCKISTAN
Mish – higher home prices does not necessarily equate to higher property taxes unless the municipality decides to spend more or is forced to by inflation. The mill rate actually decreases if assessments up and budget stable resulting in no net change in tax paid.
Holy cow do you even understand what you just wrote?
Let me dissect it for you.
higher home prices = inflated prices (inflation)
so, “higher home prices does not necessarily equate to higher property taxes unless …. forced to by inflation” is one hell of a contradictory statement, MAGA status confirmed.
Higher home prices are due to capital asset inflation. Higher budgetary expense spending is due to consumer expensive inflation.
More money supply will cause either high capital asset inflation or high consumer expense inflation – or both.
For example, in the 2010s, we had a lot of the former, and little in the latter. In the early 1980s before Vokker, we had more of the latter and less of the former.
No, by definition, higher home prices equate to higher property taxes.
Who knows what goes on in his brain when he has the typical sundowner episode?
The big problem is he has surrounded himself with the kooks and cranks who are willing to dive into and execute his whims.
The FBI raid in Georgia–it ties into the Obama/Iran cash/UAE/Italy fantasies about the 2020 election–the “international aspects” are why the DNI Tulsi Gabbard was skulking around the raid. A totally bizarre and stupid set of ideas that there are now whole branches of the government are dedicated to reinforcing.
You gotta ask–who benefits?
The people who jump on and reinforce his sundowner episodes.
By the way, retaliation against ICE observers or any visible objector is underway, removing TSA pre approval and other privileges. I will bet that tax return “problems” and Medicare and SSA application “issues” will arise, also. Any interface with the Feds becomes subject, thanks to the consolidation of data under Musk
Just wait till ICE makes everyone wear a yellow star patch on their sleeves or coat.
https://en.wikipedia.org/wiki/Yellow_badge
Although maybe it will be a picture of Trump instead of a yellow star.
Is there no one that can get you a brown paper bag to breathe into?
– Trump: I want to drive housing prices up for people who own their homes.
> He is stating that He would like to see Homes Rise In Value and not fall. I would hope so, as our President, he should desire our Homes rise in value, if taken care of, over time. I am 100% in agreement as a Homeowner!
– So he’s got zero plans to address the median homebuyer age now rising to 59 years old…
> You made that up, as He never said such a thing! Why would He, as it’s not his responsibility. This is on the Greedy Developers, and Home Builders.
>> I have a brilliant idea… STOP building 5br / 5ba homes, and start building MUCH smaller ranch homes, that people Can Afford to but and own? Trump can’t tell the Builders to do so, BUT YOU CAN and everyone else, by NOT BUYING THEM! Stop blaming others and look in a mirror.
– The median first-time buyer age increased to 40 this year, a record high.
> People are lazier, work less, chase keeping up, and must have all the toys!!!
>> I got an idea… Stop buying crap, and start saving your money for that Home that you desire. They cost a lot more than a New Car, New Phone, New Hairdo, New Golf Clubs etc…
– The typical repeat buyer is now 62, also a record high
> Why is this an issue again? So they stay in their homes longer, so Do/Did I. Wait for more profit, but a lesser home and pay cash or damn close to it. A great move for older people to do while they are still young! Now they have more play money, and far less maintenance. Brilliant!!!
– That is going to make one hell of a political ad in October.
> 100% Agree! Push Hard, Work harder, Savings, Home Ownership, and stop buying junk, and you don’t need a new car! I ran my last 3 vehicles 150,000+ Miles! Paid cash (put the payment into separate savings account once paid off) for all 3 as a result!
– Zoomers, you don’t work hard. > Some people do, and others don’t, Zoomer is irrelevant.
– Trump wants higher prices, more inflation. No, less house depreciation is all…
– Homes won’t be affordable. You can be sure of that. > Why, you’re waiting longer, with more to put down, and have less expenses? Should be much more affordable!
– Property taxes will rise. > Only When Allowed by law. My State can only do so every 5 Years, and it’s mandatory, so we plan accordingly, because we know!
– Skyrocketing homeowner’s insurance will rise even more. > Insurance has risen everywhere on everything, so please No Cherry Picking!
– If home prices rise, property taxes and homeowner’s insurance will rise. That means the price of rent will rise as well. > You own so let the renters work it out. More to a house? Smaller house? Etc. It’s called the game of life…
“How High?” Stan asks
Home prices, as much as people can afford typically.
Rent is the same, but you can add payers for less space if needed.
Lol Stu always cracks me up with the dumbest Grandpa of a take
You must have never rented, and never owned a home, or you would understand I am spot on!
Typically people buy close to the maximum that they can. As typically first time buyers are young and have the time to get on the other side of the ledger through hard work.
Typically Renters look for the most affordable place acceptable. They will, as I did, share a room, sleep on a couch, etc. You simply want your own space away from Family, and start to develop your identity in life!
You must never have had kids or grandkids!
I rented for years and have owned for years now. Unlike you I care what happens to the younger generations, like my children. If you weren’t so out of touch and pathologically self centered, you would know how livid this latest shit from Trump’s lips makes young people feel.
Have some of Both actually, and the kids are smart and self sufficient. own homes have children, and are doing just fine. They both work very hard, arid are very successful in their careers. Donate time, care for others, are involved in community work, just like their Dad!
You?
Phil is on prescription meds that ran out a few weeks ago. He’s not well.
That would explain a lot…
Another day another 20 thumbs down eh stu-pid? Have you ever considered maybe the majority is into something? People who still work?
(The answer is no, dear readers. No he has not.)
I am not here for click bait, or Friend’s, as I have far too many to have time for as it is… I like to see what Mish is up to, and the comments of such. Although I don’t agree all the time, I very much respect His and others opinions. I can leave it here too, which is nice.
ANOTHER central planner who wants to tell everyone how to live. btw old sport, those state laws about taxes ain’t written in stone.
They are in my State, and I am Positive! I can’t speak for all States, but I have lived in quite a few, and unless these States are changing the way they do things, there should be some rules to follow for the residents to know and understand the tax structure in there community.
Out of pure curiosity, how does Your State handle Property Taxes? Raise whenever? automatic hikes? Do they give warnings, and follow all Federal laws as well? I am truly curious.
the value of the property and the local government levy amount determine your property tax liability.
the increase is not automatic, there is a time lag in the assessment process.
Illinois
Where has this idiot been for the last 20-25 years? FED policies have already skyrocketed the price of homes
Also, if The Grifter in Chief makes this statement what does he know? He’s so dumb he just revealed to everyone he was told property prices are on the verge of collapse.
They are, and he is right. Do you realize How Many Homes are built already for sale and not sold, being build and almost done, with the same issue, and more permits are open to build even more. They built too big of homes, and way too many in a down economy to boot!.
Yet nobody can afford them, and you would expect under these conditions in a free market.
It’s the prices, stupid!
The prices will fall, before they allow the homes to sit and rot. Breaking even or a small loss would be far more desirable. Builders don’t always have to make money, but they do have to keep building. They pull permits and have time tables to meet. They build based upon perceived demands, but once started it’s not like a light that you can turn off. The integrity of the property always top of mind, they must make decisions that make sense, and prices will follow. These people know what they are doing, but it does scare people that don’t understand the industry. Some do go under, and it is often due to cash flow. They can often offload to another if the industry is active with movement, for a loss obviously. Depending where they are at, they can just stop too. In tough times it’s a mess at times everywhere, so consider that as well…
So trump is lying to homeowners?
About what specifically? Prices are going to come down? Yep!
Can we just imagine the Political Ads from the Demo’s this fall into the Election. All they need are Clips of the Killings by ICE and video clips of Trump being and idiot by saying idiotic things. This one will be perfect!
What election?
At this rate Trump will have boots on the ground in all major cities by then.
Inflation to the moon!
EPSTEIN!
Arm yourselves.
I’m pretty sure that is a way to get executed…
Even with my CCP, I no longer carry a gun or anything that resembles a gun. Can we even safely carry our cell phones? After all, taking a video of an ICE agent puts you “On the list” as a potential terrorist.
Years ago in Texas, a man that pulled a gun on a Texas Ranger was quickly dispatched. The coroner listed the cause of death as “suicide”. Upon questioning, the coroner replied “You pull a gun on a Texas Ranger? “That’s suicide”.
Any questions?
Yep, drawing a handgun is a death sentence, but there are other types of weapons that don’t require such close proximity.
All the countries we’ve invaded over the past decades have written the handbook for dealing with this sort of thing. It’s not pretty. It’s not safe and a lot of people die.
It is, however, superior to living under fascism. If they rig the election, that will be our last chance, if we ever had one.
the reporter in San Jose who wrote about CIA dealing heroin to black hoods in LA decades ago, committed suicide. 2 shots in back of head. The CIA was basically showing the world, who was in charge. i feel sorry for all the old men who thought we were the good guys past century. pitifully naive. like living in a petting zoo. like baby seals practically begging to be clubbed.
As a baby seal with delusions of heroism, I resemble that remark.
pax dumbfuckistan is a very nasty empire that has killed millions of innocents around the globe………….so the fact it is imploding with a very nasty regime is absolutely no surprise to this man. face reality. it’s very easy to do. fuck amerika. it’s evil.
A lot of people might believe that the Democrats stand for the opposite or substantially different from Trump and the Republicans, but fact is, they dont. The Democrats have contributed as much fault as the Republicans the massive debt and deficit spending and interest rate repression and warmongering and not enforcing laws that has led the country to this inflation and condition. Midterms coming up. The only vote for real change is Libertarian because they are the only ones for balancing the budget.
They are the controlled opposition in this white trash puppet show.
Here is a link to the Libertarian 2024 Party Platform.
https://lnc2024.com/wp-content/uploads/2024/05/2024_Platform_Report_FINAL.pdf
I suggest you read it if you haven’t already. While most of the planks are truly liberating many are ridiculous and completely out of touch with the reality of living in the US.
It seems as if the libertarian party can’t or won’t recognize that we live in a society of people with lots of different morals and ideas of right and wrong. They seem to think that the general public needs no protection from unscrupulous actors, especially where serious business is concerned like in pharmaceutical production and verification of effects.
The Grifter in Chief is spending time he doesn’t have, he’ll be gone soon enough, 6 feet under, he can’t keep his dick up let alone a hyperbubble.
From your fingertips to God’s inbox.
He keeps surprising me… I didn’t think he’d see Christmas. When you’re the antichrist, satan boosts your stats.
This is the only way he could get away with fucking more kids.
I wonder what he’s doing at this very minute. I won’t guess publicly.
EPSTEIN!
Whatever it is, he’s also complaining.
He wants to drive up housing prices because he knows that’s the only segment of the population that’s still spending money and keeping the economy afloat. If prices come down and homeowners feel poorer they’ll stop spending and then the tide will really go out on this economy and we’ll see how naked it really is.
Translation to real-world impact: time for Gen Z to give up homeownership for the Boomers’ sake
not just homeownership. Gen Z is expected to pay sky high social security and medicare taxes, and health insurance to subsidize the geezers that are all going to die anyway. It’s totally disgusting.
Just watch for the clowns here that call for lifting the caps (code for let’s steal more money from the young) to fix social security. Again, disgusting.
the blue red empire kills little kids world wide for decades. why would you expect them not to fuck over their kids. pro tip. the first currency in human primate history was selling off their kids to pay debts. our first currency was the kids………. read Graeber 5000 history of debt. anthropologists know what species they belong to. just reality kid. i wish you the best getting outside the empire of cunts.
Kids have negative value now, so everything tied to that is going into reverse.
… and we’ve just finished running them 9 years of schooling without teaching most of them to read, or much of anything else.
We have created a generation of iPad stands that poop, from which we need to draw a highly technical workforce.
This should end well for everyone.
Nope, “We have created a generation of iPad stands that poop, from which we need to draw a highly technical workforce.”
ASI will take care of that with robots. Kids not needed, just eaters and wasters like all of humanity according to AI.
Good analysis!
Is there a real answer to the problem. Or is it which answer causes less pain.
If housing prices drop a lot of society will lose wealth and generational wealth. A lot of the finical institutions would go bust. Bringing down the economy. those who can not afford a house now probably wont be able to afford one then.
Not sure what the answer is.
As Scaramoochi (sp?) points out Trump ‘tries to say a lot of things so people can choose something they like and run with it”.
Logic and consistency be damned – as are so many things under Mein Fuher Trump.
True my point i was try to express was i think there is a way to bring down prices without a lot of pain or gov support.
Politicians don’t understand things are as they are not the way they “should be”.
Well well well, a classic case of “your reap what you sow” along with a large slimy egg smacking Zoomers in the face.
But it doesn’t stop there, the Muslim community didn’t want to support Kamala so they too reaped what they sowed in Palestine.
But wait, there’s more, the Latino community, including the strongest Trump supporters of Venezuelans and Cubans, are having their refugee status removed and they’re being kicked out. How’s that for Cubano (egg sandwich) in your face?
And the women that supported this clown are having their rights stripped every day, rumors are they are going to find new and innovative ways to strip them of rights soon.
And you anti-war chaps get a taste full of wars in Yemen, Iran, Syria, Somalia, Nigeria Venezuela, and whatever is to come in Greenland, Canada, Iceland and whatever else the demented fool thinks up.
A foolish trade war that will end up in a stock market crash eventually.
And for boomers, social security and medicare cuts on deck soon enough.
Renters finish it all up by also getting a taste of the bitter harvest of seeds sown.
But there is hope for smart zoomers, the EU has signed trade deals with India and Latin America. The BRICS are going their own way slowly building their own payment systems to minimize USD. The TPP in Asia is creating a booming economy there. Plenty of options out there, all you need is an exit strategy to greener pastures.
Play stupid games, win stupid prizes…
bully bully sir
The comments here and the MSN headlines show people still hang on Trump’s every word; he must love this. Time to tune out folks; this too shall pass.
The comment above me shows people still hang on every anti-Trump comment people post.
The TrumpRage that the unhinged have can’t be controlled. Science doesn’t have the technology yet.
This statement about housing sounds unusually deranged, even by Trump‘s standards. Somebody at the White House must have put something into his evening Diet Coke.
About six scoops of dementia
Thats funny. Awesome
Obviously, Trump is a failure. He seems to think he can increase affordability by creating excess demand while bullying the world in a disgusting display of childishness. He probably consulted old Joe on affordability strategy, given the success of the inflation reduction act. The next stage in the failure of the political system will be a Democrat takeover. I expect some sort of guaranteed annual wage, free school loans and the rebuilding of the DC cesspool.
Nope. The next stage is happening right now, with Trump trying to push some states out of the Union.
glory be. A BLOODY MIRACLE BETTER THAN MY VIRGIN GIRLFRIEND WHO GOT PREGNANT SOMEHOW BACK IN THE 1970s………
The Housing Ladder’s Broken PromiseHousing can be affordable, or an investment, but not both.
https://progressandpoverty.substack.com/p/the-housing-ladders-broken-promise
With his foreign policy it can be neither: returning to a world order where almost 10% of the population dies because of wars (as opposed to diseases) isn t real estate friendly.
It is for real estate developers after all the destruction.
Trump should extend the New START treaty with Russia that expires on February 5, 2026. Tell him it’s good for real estate values.
Maybe send a note to Mrs. Trump, so she can remind him.
With Trump’s economic policies weakening & driving the value of the dollar down, he’s getting his wish. Housing as well as most everything else. I can’t see that the true working class (outside of realtors perhaps) would be happy about this.
Mish, he only said he wants home values to go up for people who own their homes. He wants prices to come down for people who don’t own a home yet.
You’re crazy as are 99 percent of the population.
The entire administration gives new meaning to the term “clusterfvck.”
This country did something really bad to deserve this guy for another four years.
This is exactly correct, not that I agree with everything he’s doing. He literally signed an executive order less than two weeks ago stopping Blackrock and other corps from buying up – and driving up – the cost of home ownership. The TDS on this site is extraordinary.
Institutional investors own less than 4% of housing stock–it’s a meaningless guesture
Yeah, marginal buyers in a bull market don’t affect prices. 🙄
I considered putting a sarc tag on that, but thought it was unnecessary. Apparently I was wrong.
Poe’s Law never fails its employer
I got the sarcasm but the statement actually fits perfectly with Trump’s contradictory mindset so it works both ways.
Schrodinger Trump at work again. Housing will fall and rise at the same time. The dollar will be strong and weak at the same time.
Presumably if one is dead, (see references to “boomers” all over each and every comment thread on this blog) then they no longer own their home. Prices will come down in the form of estate /trust sales where the heirs have no desire to own / occupy the home themselves, just sell the house in any condition, take the money and run. Grandma is going down with the ship. I see it in every south and southwest side Chicago and Chicago burb neighborhood, for example, especially when the neighborhood is still described as a “parish”. There you go, Zoomers; no need to buy an overpriced crapshack in Belly Acres subdivision of one of the National Home Builders
No, I don’t think that is what Trump meant, though.
Right – younger adults want the cash. And they have zero interest in mowing grass.
If they ever buy, it will be a condo.
no doubt someone is drafting an executive order to effectuate this.
“People who own their homes Trump hereby decrees the price is increased. People who do not own their home, Trump hereby decrees the price is lower.”
But wait, you ask, doesn’t the person buying the house buy it from the person whose home price increased? Don’t be silly, it’s new homes which are cheaper because they’re built with US labor in US factories because the amazingly great tariffs worked.
Yes that is exactly it … Almost
because he said “We are not going to destroy the value of their homes so that somebody who didn’t work very hard can buy a home. ”
To keep the faith, we must presume he meant home prices will go up for everyone who owns them and for everyone who doesn’t work hard, but drop for those who work hard but don’t have a home yet.
THE WEAVE is just not comprehensible to you mortals.
/s
A Ship without a Rudder will eventually go aground . . .
Or, more likely, capsize during a storm.
Or, more likely, capsize during a storm.
Sure silver got pounded. Selling started at midnight last night. Shanghai price is around 123 usd current
Sell sell sell. You can’t eat silver. You can’t even slice nor spread it. If it goes up it’s a BUBBLE!
Oh, wait…
Just a blip on the Screen . . . launch time is coming . . .
I said sale not long ago the shepple are going to be fleeced sad but real…same for gold….
there is one thing to remember you will never go hungry eating one half loaf of bread…
You can’t eat it any more than you can eat a stock cert or a digital representation of a stocks value or a dollar bill for that matter. But you can exchange it through various means to buy food and other goods. Being right or wrong is not the point…that’s just ego and it’s dangerous in this game. All we can do is watch the tape and do our research
Well continue the watch and stop shaking….
If Shanghai price is 123 usd then that’s an arbitrage opportunity as its showing 100 usd over here. And I doubt it will hold above 100 on Monday.
Trump may say he likes high price housing but that’s no guarantee he will get to keep it.
People spoke about the Everything Bubble a few years ago. Except it wasn’t Everything as the precious metals hadn’t turned up to the party.
Well they have now. Stocks, housing, PMs all in bubble territory and reversion to the mean is inevitable.
My advice to the young is: learn a trade unless you have STEM field plus are top 10 percent academically; do not speculate/gamble to try to catch up; move to cheaper areas to purchase; save your USD if living with parents as much as possible. Repeat do not speculate on Robin Hood with options as you are no different from the old man who spends every day in the bookies except when he goes outside for a smoke.
“…Zoomers, you don’t work hard…”
I have heard this message quite alot from people in Trump’s generation including my father. Things have changed dramatically from when they bought their first home 40 to 50 years ago. It’s much more difficult if not impossible for younger folks to buy a home today let alone afford to keep it with what insurance, taxes, and maintenance costs now.
I hate to say this but alot of boomers are just out of touch with reality.
Trump completely tone deaf statement will help the democrats this fall…..assuming we have an election.
In other news the gold and silver bubble has topped out, as predicted by yes – yours truly – on this blog yesterday.
Retail that bought gold over 5k is going to get its bum smacked.
The wider question is how far this could correct.
Thank you for your attention to this matter!
If it goes up it’s by definition a bubble, right?
Scarcity, manipulation, half a decade of deficits, that’s all nonsense.
If the price is higher, by definition, it’s a BUBBLE.
Wait. NVIDIA?
In recent comments I’ve said I think both gold silver and AI are in bubble territory.
Gold and silver haven’t just gone up; they went parabolic which is often a sign of a bubble blow out top.
If I were to buy anything with my contrarian hat on it would be the Almighty dollar.
Sure, ride the volatility, but never, ever go long on fiat.
Those who did not sell are downvoting your understandable chest-thumping this morning. A good call. Everyone was ready to call a top and maybe you did. I did tell someone Wednesday evening when he asked about selling silver that if he was thinking about it, “hey, take 20-25% off the table to derisk, you’ll sleep better.” I’ll find out next week if he has bags under his eyes.
Thank you. I’m not here to aggravate people.
But gold and silver were so obviously in bubble territory I thought it should have been pointed out.
I like Mish a lot he got me into gold back in the day. But as he said earlier this week maybe a good time to take some profits.
Funny thing is that neither London, nor Mumbai, nor Shanghai got the memo that the PM bubble popped, only in NY. Why would that be?
Maybe someone in NY (FED cough, cough) shorted them?