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re: Bessent: Trump may declare national housing emergency
Posted on 9/1/25 at 9:21 pm to bigjoe1
Posted on 9/1/25 at 9:21 pm to bigjoe1
quote:
lowering closing costs, and even granting tariff exemptions for construction materials.
I have nothing to back this up but I feel like we would have enough housing if we didn’t have things like 55 million H1Bs, millions if foreign university students, an 40-80 million illegals.
1
Posted on 9/1/25 at 9:24 pm to Violent Hip Swivel
quote:
What Trump is proposing is small potatos compared to Fannie Mae and Freddie Mac, so the "nationalization" argument doesn't really stand up.
^
Justification
Just to be clear you're okay with nationalization as long as its "small potatoes"?
Posted on 9/1/25 at 9:27 pm to bigjoe1
quote:
lowering closing costs, and even granting tariff exemptions for construction materials.
That’s critical since the cost of some items have gone up over 25% in the past few months. Windows, doors, lumber, some aluminum products… all up
Posted on 9/1/25 at 9:34 pm to thejuiceisloose
quote:
Just to be clear you're okay with nationalization as long as its "small potatoes"?
I guess we'd need to define and operationalize "nationalization."
Nationalization isn't just a message board catch-all (fascist, socialist, etc.). It's a specific thing.
Posted on 9/1/25 at 9:36 pm to tharre4
quote:
an 40-80 million illegals.
It's possible that 1 out of every 4 people (80 million) in this country is an illegal?
It's amateur hour on this board sometimes
Posted on 9/1/25 at 9:37 pm to Violent Hip Swivel
Call your number how many you think?
Posted on 9/1/25 at 9:39 pm to bigjoe1
Artificially dropping housing prices sounds great until you frick over all the homeowners who need that equity.
Posted on 9/1/25 at 9:43 pm to FredBear
quote:And he may just be throwing this out there to make them do just that.
And just like that the left will come out against affordable housing
Would not surprise me
Posted on 9/1/25 at 9:43 pm to The Pirate King
quote:
Artificially dropping housing prices sounds great until you frick over all the homeowners who need that equity.
This is the crux of the housing crisis in the United States. The problem is supply and the solution is flooding the market with cheap housing. However that solution will completely destroy what is often the sole appreciating asset most Americans own. The solution to that problem is to bail out home owners with immense negative equity. EXPENSIVE! However, I don't see doing one without the other unless you want a middle class revolt.
Posted on 9/1/25 at 9:47 pm to Jbird
quote:
Call your number how many you think?
11-16 million is the consensus, but if you feel it in your heart that there way more illegals, then maybe there are way more.
Posted on 9/1/25 at 9:50 pm to Diego Ricardo
quote:
The problem is supply and the solution is flooding the market with cheap housing.
I've been told that the problem is that the average square footage of a starter home has doubled or tripled in the last 50 years and every young family has to have a two-care garage, vaulted ceilings and big arse kitchen with a center island.
Posted on 9/1/25 at 9:51 pm to Violent Hip Swivel
Lol 12 mil was the consensus decades ago.
Posted on 9/1/25 at 9:52 pm to bigjoe1
I don't want cheap housing where I live. Build it in the inner cities if you must. Just not in my backyard.
Posted on 9/1/25 at 10:11 pm to Jbird
quote:
Lol 12 mil was the consensus decades ago.
If you say so and only if you say so.
Even the one hardcore border control advocacy group has it at 18 million.
Anyone who thinks that there's possibly upwards of 80 million illegals living in this country is a straight dumbass and closer to clinically retarded than clinically average.
I will defer to Grok, this board's preferred AI research assistant.
This post was edited on 9/1/25 at 10:13 pm
Posted on 9/1/25 at 10:13 pm to Violent Hip Swivel
quote:
amateur hour
Your argument can be summarized as the fallacy fallacy.
Posted on 9/1/25 at 10:15 pm to SlowFlowPro
quote:
Would you buy a house in the ghetto after the illegals who lived there were deported?
The OT being rich is an ongoing joke here, but the average TD poster is likely to be college educated, salary in the $80-90k range, and may very well be cohabitating with someone that has a decent salary to help out with housing costs.
Most of that group will have no interest in moving into homes/neighborhoods previously occupied by S8 or deported foreigners, but that doesn't mean that these properties won't have a market of renters/buyers that will improve the neighborhood. Gentrification has been a thing for decades, and it's likely to ramp up if/when subsidies get pulled back + property values decrease.
I get the point that you're trying to make, but it's a bit narrow. There's a large homebuyer working class that isn't well represented on TD. Many of them will face the choice of either being house-poor in a lower-tier middle class neighborhood, or taking a risk on a cheaper (likely nicer) home in a shitty neighborhood. I won't get into the details of what happened and what it cost me, but I was in this exact situation ~15 years ago. I ended up going back to college and finishing a well-paying degree, but I was an outlier. If I didn't make that decision, I would likely be one of the many people that you're overlooking.
ETA: Deportation (of both illegal immigrants and many legal immigrants) is the way to fix the housing crisis, so I don't disagree with any Trump criticism in this thread.
This post was edited on 9/1/25 at 10:19 pm
Posted on 9/2/25 at 6:31 am to SallysHuman
It is not a complex problem
Posted on 9/2/25 at 6:43 am to White Tiger
quote:
It is not a complex problem
What? How is it not?
Posted on 9/2/25 at 7:29 am to SallysHuman
Well the root of much of it is the fake financial system we live under.
Posted on 9/2/25 at 7:57 am to IMSA_Fan
quote:
The best and cheapest thing Trump could do to address the housing crisis is incentivize corporations hire more WFH employees that have geographic flexibility to work where they please. That would ease a lot of pressure on costs in these higher cost of living areas.
You actually think Donald "Everyone Back in the Office" Trump would do this?
This post was edited on 9/2/25 at 8:09 am
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