Trump Says He Wants To Drive Housing Prices Up, Not Down
President Donald Trump suggested during a cabinet meeting at the White House on Thursday that he wants to “drive housing prices up” in an effort to keep current U.S. homeowners “wealthy.” Trump said that “existing…
President Donald Trump suggested during a cabinet meeting at the White House on Thursday that he wants to “drive housing prices up” in an effort to keep current U.S. homeowners “wealthy.”
Trump said that “existing housing people that own their homes, we’re going to keep them wealthy, adding “we’re going to keep those prices up,” NBC News reported. He also claimed that “we’re not going to destroy the value of their homes so that somebody that didn’t work very hard can buy a home.”
“We’re going to get — we’re going to make it easier to buy,” Trump said, the outlet reported.
“There’s so much talk about, ‘Oh, we’re going to drive housing prices down.’ I don’t want to drive housing prices down,” the president continued. “I want to drive housing prices up for people that own their homes, and they can be assured, that’s what’s going to happen.”
The White House did not immediately respond to the Daily Caller News Foundation’s request for comment.
The president also suggested during the cabinet meeting that whoever he chooses to replace Jerome Powell as chair of the Federal Reserve will help to bring interest rates in the U.S. down, according to NBC News. Powell’s term as Fed chairman is set to end in May 2026.