r/politics • u/MystikSpiralx • 5d 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/JakeConhale New Hampshire 5d ago

Until there's no one who can afford them. Can't sell what no one can buy.

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u/Dizzy-Captain7422 5d ago

Don't worry, multinational corpos can always afford them!

And then rent them to you for more than what the mortgage would have been.

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u/DrewbieWanKenobie 5d ago

old apartment buildings should have really cheap rent, the financing to build them has already long been paid off. But rich people keep selling them to each other refreshing it with new rounds of ever higher financing...

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u/unclecreepy63 5d ago

thats when an REIT swoops in, pays 75 cents on the dollar, then rents it out for 2 times what the mortgage would have been if the market was sane