Trump's Plan To Lower Home Prices for Buyers and Raise Them for Sellers Draws Skepticism: 'He Must Be a Magician'

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President Donald Trump touched on housing affordability only briefly in his State of the Union address, but his comments are drawing skepticism.

In his speech on Tuesday night, Trump reiterated his view that lower mortgage rates can solve the housing crisis by making homes simultaneously more affordable for buyers and more valuable for sellers.

"Low interest rates will solve the Biden-created housing problem while at the same time protecting the values of those people who already own a house that really feel rich for the first time in their lives," Trump said. "We want to protect those values; we want to keep those values up. We are going to do both. And we are going to keep it that way."

Kyle Pomerleau, a senior fellow studying tax policy at the American Enterprise Institute, a conservative-leaning think tank, responded in a tongue-in-cheek post on X, writing: "He must be a magician!"

Link to tweet

https://finance.yahoo.com/news/trump-plan-lower-home-prices-184924886.html