Trump Orders Emergency Price Relief for the US Housing Market...A shortage of homes is the ‘number one driver of housing cost,’
(www.theepochtimes.com)
💪 #MAGA. 🇺🇸
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This plus deporting 30 million moochers should help a bit with the prices.
Next is to force States / Counties to stop forcing communities to offer Section 8 housing and all the crime that goes with it.
This ☝🏼☝🏼 100%…new development in Northlake Texas called Pecan Valley…super nice community, house are 500k and up and there are rentals there that offer section 8 and the govt foots 90+% to the landlord and the tenants just come up with the rest…which isn’t much and they already have people being evicted for not paying.
These section 8 vouchers really screw a community. We never had crime before in our neighborhood. When it started, all they did was sell the house after a year or two of price increases. Then the prices cooled because of section eight. So they stayed and bought expensive cars and SUVs.
Yeah the freebies have got to end
Maybe section 8 becomes a thing of the past. No more welfare for life. Welfare to teach you to how to make a living on your own
I have a relative who really needs that wake up call.
I can only up doot you one time, but that cannot be underscored enough.
I understand what you're saying but then what about those who actually need Section 8 housing like a couple of my friends who are currently on Section 8, because of what they get monthly from the gov't via disability benefits is very, very low (under 1K/mo) and rent for apartment/house in this area is like 750-1000 per month.
So they are on Section 8, which helped them big time and they're paying something like $150 per month toward rent while Section 8 covers the rest.
If we do away with Section 8, what other options will the impoverished have?
The true impoverished are victims of criminals abusing the Section 8 system so they can't really help it as they are also unable to work, hence the disability benefits.
Undoubtedly, it helps the people who are getting disability benefits and cannot work. It should be the qualifying item for Section 8; however, I have seen multiple "green card holders" get the housing before citizens. I also have seen many lazy white and black people who get on Section 8 and refuse to get a job or if they are working refuse to work more hours because it will cut into their Section 8, Food Stamp and Medical Assistance.
Ideally, taxes will shrink enough as the government shrinks so that private charities will get more donations to help people. None of the government giveaways are constitutional, even social security. I'd like to see the whole lot phased out gradually.
It will also certainly help with hotel prices.
Is Blackrock in the business of providing mortgages to "green card holders" and 1st gen Hispanic immigrant children, because where I'm from, every house that comes on the market is snatched up by Hispanics who seem to have tons of money but no discernable jobs.
All the Hispanics in my area are in construction. They are good at it and very fast. All they need is someone in charge who is bilingual.
Yeah and they work for cash and then also collect benefits / freebies too so it's easy to become rich. When they get caught they just play stupid.
Yep, I can attest to the accuracy of your statement.
That's the men. All the wives and girlfriends are sitting at home collecting Food Stamps and Medical Assistance because they say they have no idea where the baby daddy is.
I should clarify that it's the Dominicans that fall into this group. Most of the Mexicans and South Americans here are hard workers and stay with the family.
Right. There were Mexicans working on the slab for an addition to my house years ago, and one guy's wife sat in the pickup truck all day long watching him. :)
Correct. Hopefully someone get rid of these evil born disciples that are killing us in one way or another.
Except Blackrock is the real reason homes are so unaffordable
You don't think the 40 to 50 million illegals has an impact?
Blackrock and the masses of illegals are a one, two gut punch to the housing market.
Get rid of one and the market will be much better.
Get rid of both and housing would actually be affordable again.
It's true. Gotta cover both sides of that and it will have an immediate impact.
They should make it illegal for hedge funds to speculate on realestate.
You hit the nail on the head!
illegal immigrants can't apply for mortgages, I blame insane rent prices on them though
Sure they can. They use ITIN numbers instead of SS numbers.
Happens all the time and states like Calif were even providing mortgage assistance to illegals.
https://legalclarity.org/can-illegal-immigrants-buy-a-house-in-the-united-states/
What makes you think they are all illegal? Our government has been handing out green cards left and right to these uneducated lazy individuals. I know of no less than 20 in my area who have been in the US for less than two years and already own home with NO income and they are getting food stamps and medical!
I imagine that’s where Trump’s previous EOs come into play. Blackrock should be seized for interfering with the 2020 election.
Exactly! It will help with the rentals, and the purchase price of homes. It is all about supply and demand.
Confiscate all the houses blackrockvanguardstatestreet bought up and start auctioning them off to regular people. Only one per household till they're all gone. That will feedsupply and lower demand and prices gradually while encouraging people to save and value what they have.
Bingo. Also confiscate all land owned by foreign nations and foreign entities cough Chyyyna cough
Yes! Auction that off to first time farmers too... I'm not sure how you become a first time farmer but I'm sure there's people out there working a lot of rented land who can't afford to buy any.
I live in a rural area and own a small farm I've had in the family for over 150 years. Our county has grants and funds for first time farmers who move here.
EVERY SINGLE ONE OF THEM are weirdo libs from big cities moving here and getting in over their head and wasting land.
Yeah, this idea needs developed... I have, in the past, worked some land but could never afford any... I've known young farm kids who've got married and just end up buying an acer or house in town and live most of there lives waiting to inherit something. A hidden consequence of drill baby drill is mineral rights leases that drove up farm land value so that most young people wanting to farm just can't afford to.
They watch a documentary and got all excited but realized it was an EXTREME amount of actual work. We’ve had a good sized garden and it’s a lot of work. Hell, just keeping the pastures mowed to get the grass growing for animals takes a lot of time. We have 15 acres, chickens, goats and horses. Also, goats are NOT great lawn maintenance creatures everyone advertises.
Our neighbor a couple of doors down has goats plus sheep, ducks, and chickens. They rarely mow.
You just hate their onion farm commune.
That part
Add to only allow US citizens to buy houses as well? Chyna quit buying our farmland!
These gargantuan investment firms have created a fake supply and demand problem to drive up the prices for themselves. It has allowed them to artificially inflate house values along with rent prices.
i'm in the middle of making a deal on a house for 218k. what's going to happen if there's a devalue, whether it's trump making it easier or a crash?
If your under contract already then you're good unless the contract falls through on contingency. If you're buying or selling right now you probably won't notice anything. A major devaluation isn't going to happen overnight, it's going to be a months long process.
i'm just worried i buy the house and then a month later everything plummets, telling me i made a huge mistake so soon. but I have a mortgage approval period i need to beat because it's my 3rd one in a row
Assuming you're planning to live in it long term, just don't buy a house with a mortgage that will strain your finances and you'll be fine. It would feel bad if you bought and the price immediately fell but you have to remember that even if you "overpaid" you still have a place to live and you're still building equity.
thanks
Where are you getting a house for $218,000?! In NEPA, in the heart of the coal regions, $218K is a double house with about 1000 to 1200 sq ft on each side and is snatched up by Hispanics on Welfare!
metro area georgia
Also, as long as you plan on staying there then you should be fine as well. If you plan on moving in a few years, and the price does drop, you'll have trouble selling it for anything near what you paid for it. But I'm not a financial advisor or anything.
thanks
...feasible...
I need a home yesterday. 😢
Anon,
From research, that IS the plan.
...every time I think I have an original idea... thankQ fren.
Its original to you still, and its a great observation and idea.
Something needs to be done about property taxes and insurance. It's making it impossible to survive with the increased assessments.
Yeah, I'd argue these two things are as, if not more, important as housing price relief.
Property taxes should be replaced with a real estate speculation tax. If you live in a property, no tax. If you're sitting on a property without renting it just hoping it goes up in value, you should be taxed until it isn't profitable to keep it anymore. That will get hedge funds selling instead of sitting on empty houses.
Our tax and insurance is over $1000 a month.
Housing is insane. Houses selling for 2-3x what they were paid for in 2020/2021. Then interest rates to the moon on top of that.
And property taxing people out of their homes
Property taxes should be eliminated and replaced with a sales tax on real estate and sales tax on rent.
This would make single-family homes a fixed expense upon purchase and multi-family homes would pay additional taxes upon future income generated by the property.
We are trapped in our starter home because of it. Bought our home when we were just 2 newlyweds coming from apartment living so it seemed like enough house at the time. Now we have 2 little ones and dream of at least 1 more, but we are absolutely maxed out in our little house. But any house we look at is at least 2-3x our current mortgage for a house just to get one more bedroom but a downgrade in actually property. It’s been very frustrating
If you have land, expand!
I am actively trying to move from Pennsylvania to Tennessee.
Literal dumps are being sold at the $300,000 range.
But my solid updated brick home is in a beautiful neighborhood on lot in Pennsylvania has not gone up to that degree.
These people are nuts.
Lots of people are leaving expensive blue states for TN. Their housing dollars go a lot further than yours.
It is making me sick.
Lucky you. A dump where Im at is over a million.
I need mine to be worth more in order to move.
...valid observations...
Can't read without giving my email. Won't give my email so..
Can we get a tldr? I'll search elsewhere for Trump's order, but what is he proposing to reduce housing prices? Also. Does the article mention those (like BlackRock if I'm not mistaken) that have bought large numbers of homes? That was likely to have forced home prices way up to further financially abuse the common man here.
I tried your archive link, waited a couple minutes and it still wasn't loading, flashed several times with "Loading." on top. Tried clicking the link in there (top one) pointing to the housing article and it brought up the article with the same gatekeeper blocking section requiring an email to continue/read.
.
EDIT -- Here's a link to what looks like it could be the same article without the gatekeeping. I'll go read it now..
https://www.realtor.com/news/real-estate-news/trump-orders-emergency-price-relief-on-housing-what-does-it-mean/
.
Edit2-- tldr Scant on details, addresses curtailing housing development and construction costs related to regulations, can't do much at the state level other than incentivize states to curtail costly regulations. Article mentions opening up federal lands for development (from Trump's campaign speeches). Did not address the property grabbers like BlackRock, etc.
On most Epoch Times links - if you quickly click on “Show Reader” not only can your read the article, you get rid of the ads too. This works on most links from any site.
Thanks for that! Noted and I'll try it next time.
https://archive.ph/wip/AF38F
Thanks, anon. It loads right up now. 👍
You can find out a lot here: https://www.whitehouse.gov/news/
It lists all the new orders and some other things.
Thanks, anon.
Edit: It appears to be the following order (link below) which, like both articles, is quite generic. I suppose he's signalling that it's an issue they're going to work on more specifically. Just dropping energy costs ought to help quite a lot, but development and construction regulatory hurdles and costs need to be addressed as well.
https://www.whitehouse.gov/presidential-actions/2025/01/fact-sheet-president-donald-j-trump-delivers-emergency-price-relief-for-american-families-to-defeat-the-cost-of-living-crisis/
I would like to be in a position to buy my first. Preferably with an acre or two at least.
May God bless your endeavor.
prayers up for you anon that you will be able to do that.
the demons in government were trying to make the American dream of owning your own home something most middle class citizens could only dream of. hope Trump will bring that dream back to reality!
Buy the land, put a used or cheap trailer on it, and build what you want. When it is done you can make the trailer into storage, a workshop, a man cave, or even guest quarters. You could even rent it out to students if near a college.
By doing it that way you can put off actually building until the mortgage interest rates go back down to Trump levels again. My rate I got in 2020 is 2.25%. That makes a MASSIVE difference in your monthly mortgage payment over current rates in the 5s and 6s.
Lol omg....
You mean pandemic rates
No - I bought my house in Jan 2020 - no pandemic was yet declared.
Wow. That's crazy low. National averages in January 2020 were over 3%.
This is literally the rates after it was known something started going on in China. Before it was announced it was a new coronavirus.
https://data.theadvertiser.com/mortgage-rates/2020-01-02/
I had great credit, and did a VA loan. I may have paid for a half point - can't remember - but it is super low.
End section 8 housing vouchers. Open up the market to freedom.
...indeed...
Eliminating the income tax is only a part of what needs to happen to bring government back under our control. The right way to reform our current corrupt government, to collect public revenue in accordance with the Constitution and our founders intent, and to eliminate unconstitutional expenditures is to:
Reduce the federal government to the size and scope the founding fathers intended when they wrote the Constitution. Eliminate all departments, all agencies, all programs, all projects, all expenditures, and all roles not specifically delegated to it through the Constitution. This will eliminate almost all unconstitutional spending.
Eliminate all federal taxes on American citizens across the board. No other income taxes on citizens of any type at the federal level. This includes every single federal consumption tax: gasoline, diesel, communications, water, etc.
Enact tariffs on foreign trade, just as the framers of our Constitution intended.
Enact a flat 5% tax on businesses, but only on revenue over $500,00.00.
Enact a 10% federal income tax on all non-citizens living in our country. If they earn their citizenship, they would no longer be subject to that income tax.
Require all legal immigrants to live within the United States for 14 years before allowing them to become a citizen. During this time they must earn their citizenship and prove they truly intend to become an American. This would also eliminate most green card scammers.
Charge a minimum of $20,000.0 for a four year student visa, and $60,000.00 for a 4 year H1-B Visa. Taking American school slots and American jobs is going to cost non-citizens. Consider it a tax to be used to better America.
Enact a law prohibiting recurring taxes on any type of property.
Enact a law forbidding all non-citizens, all foreign governments, and all foreign companies from purchasing / owning any type of property in the United States.
Re-task the IRS to collect non-citizen income tax, tariffs, and the business taxes. Take away their "police" powers, and make them the accountants and auditors they were created to be.
Make it a capital crime for anyone in government to misappropriate, steal, or misuse our government funds, in any manner. Same principle as if you wrote bad checks at home, or ran up massive debt that you couldn't pay, or if you stole from your neighbors. The difference is it is a government public trust situation, and should have the penalty of forfeiting the life of the guilty party.
Oh, and make everyone elected learn this simple, but critical, principle: https://mises.org/articles-interest/not-yours-give
...compelling addendum, nicely framed and stated....
Excellent comment Fren. What do you think about my proposal for real estate?
https://greatawakening.win/p/19A1GoIAHR/x/c/4ZHlDqYU8NE
During Covid and the ability to work from home, many tried to move to rural areas. Dumps in my town sold 3x, 4x higher.
One also has to consider that the value of the dollar plummeted, so 2x higher prices for everything seems standard.
Forcing people back in office will lower prices in rural areas.
Yep. Here, too! Housing prices doubled. Taxes of course doubled. Now prices are coming down if anyone actually wants to sell but they start out at the already inflated price and then drop 10-20k but nobody wants to pay double AND pay high interest. The only houses selling now are the ones that are obviously cheaper or works of art!
Commercial property prices have plummeted. When companies realized they could send workers home, and have the worker maintain internet, heating, cooling, janitorial, parking, and still be productive - many commercial buildings emptied - and remain empty.
I still see jobs advertised where people are herded into a Hotel conference room for interviews, are hired on a probationary period, are issued a laptop and sent to work from home. I see this in the hotel and travel industry, warranty call centers, and tech support.
Not sure that commercial buildings will ever recover to pre-covid times.
Trump signed an executive order to force government workers back in office. Elon and DOGE seem to agree. But private companies can do what they want, so will be interesting.
My guess is Govt workers will have to go through an in office vetting period under new more productive DOGE standards. Then if we are smart we will send as many as possible to work from home and stop paying for buildings that are half full
If there are buildings that are half full, they need to be consolidated and the extra buildings sold.
Agreed
There are buildings that are less than half full. And I agree as well. They have been paying for mostly empty buildings since covid.
Edit to add: in some cases, but I'm only aware of a few local instances, so I guess I can't speak for everywhere.
I hope this is also the plan. A lot of work can be done from home, so seems silly to pay for buildings and force workers in office when they could work from home and save the government some tax payer money.
Agreed
As a rule, people should be at buildings instead of at homes. Make corpos refer to us as family again.
Home Depot built a huge, beautiful call center in Kennesaw Georgia. Pandemic hit. Building empty ever since. Parking lot empty.
where at? I'm nearby.
...you have a firm grasp of the situational reality...
Fine blackrock & all other hedgfunds that drove the prices through the roof. Houses here built in the 50's & 60's for $8k-$12k are now well over $700k for the same structure, plus $10-$15k in taxes.
The fiat dollar isn't helping. The govt can still turn on the money printer whenever they want. Inflation is a tax
Watch housing prices in Washington DC.
With so many Federal workers being tossed out... and replaced by fewer employees... people will have to sell their houses and move to find work.
You should see home prices in DC drop like a rock soon.
Glad I got out when I did. My neighborhood was filled with GS-14, 15, and SES.
Add to that a rash of illegal aliens that are getting the boot ....
I predict housing market to collapse, used AND new car prices to collapse ....
In our county the Federal tried to force us to sell prime property for section 8 housing. Our county said no thanks. The Federal came back and said we will cut all federal funding. Our commissioners said ok. They had done some numbers and found out that all the extra police and all the crime it would bring driving down peoperty prices the county would still come out way ahead. No section 8 housing has been built.
How do you put a value on crime? We're not even talking about the effect a burglary, assault, rape has on victim and family for the rest of their lives
Supply has nothing to do with it, we've been through all this in Australia, we built a ton of houses and the prices went up. It's foreign investment that drives the prices and it should be banned
...doggy winks...
It can be both. Taking in millions of migrants will have an effect
Don't forget about investment companies that buy up homes for rentals pricing the everyday people out of the market.
I'm hoping no more apartment houses will be built in my town, but houses with yards instead. People should be able to find homes to raise their family in, and not have to settle for an apartment stacked on top of each other like livestock. Recently our city held a meeting regarding housing options and several of us asked them to encourage single family homes instead of apartments.
...smart planning...
People living in apartments care less about the environment and community. Once you have skin in the game (house/land) that mindset changes
https://archive.ph/wip/AF38F
Just to put this out here, there do seem to be a TON of new subdivisions that have been going up over the last several months.
Not sure how widespread or not this might be, but it seems abnormal.
Have been wondering who’s buying them at the listed prices.
What if they all drop prices within the next few months, and the lowered prices place downward pricing pressure on other houses, while Blackrock starts unloading inventory to meet some sort of financial need?
...classic cause and effect...
According to this article, there is a surplus of housing but a shortage of affordable housing. https://phys.org/news/2024-06-housing-shortage.html
...there are several factors at play here, you pointed out one of the big ones...
Because maybe Blackrock sucked them all up?
..."sucked" in so many ways...
Once all the illegals are gone will there still be a shortage?
Maybe if we send back all the anchor children from the last 30 years
True. They aren't really citizens anyway.
...don't know about residential, but hotel rooms will be easier to find and less expensive...
They are building more than they can fill in Huntsville Al. Aka smart city aka housing for illegals? Maybe!
Mandate property taxes go down 50%, that'll help everyone.
Not good enough. Property tax needs abolished entirely.
Or eliminate it entirely and replace it with a sales tax on sales of homes and rent.
So if there's no new sales and few rentals, who pays for police, fire, etc?
local sales taxes.
Keep in mind this is part of a bigger picture.
Tariffs, sales taxes to replace Income taxes and property taxes.
Since EVERYWHERE will have sales taxes, this will make it fairly even.
Keep things like consumption taxes on alcohol, gasoline, etc.
Still not enough for a small town? Disincorporate and become a part of the county or get annexed by a nearby town.
Still not enough for a county? Disincorporate the county and become part of the state.
Not every spot needs services or a town or even a county. There used to be A LOT of unincorporated places in the country.
In my area of eastern NC, new homes are being built at a record pace. The carpenters and other trades are busy all the time. The cost of living here is low, so anyone in the trades might want to check it out.
...the Triangle is a booming place...
But housing there costs a lot. And the traffic is worse than ever. I-540 around Raleigh helped for a while, but now even that is crowded. There is some cheaper housing in surrounding rural areas, but that is changing quickly. One of the up and coming bedroom areas in northward into Granville County.
...they paved paradise and put up a parking lot...
...and a swinging hot spot...
Best version was by Neighborhood.
...I like Joni's but then again, us old dogs like to stick together...
...doggy winks...
https://archive.is/2025.01.22-164450/https://www.theepochtimes.com/us/trump-orders-emergency-price-relief-for-the-us-housing-market-5796945
All the illegals being deported should shortly help solve that problem.