United States President Donald Trump has sparked debate after stating that he wants to keep housing prices high in the country, prioritizing current homeowners and pushing back against pressure to increase construction and improve affordability.
Trump has said he does not want to “lower home prices” because doing so could hurt the wealth of existing homeowners, even if it means continuing an affordability crisis for first-time buyers. This position has drawn criticism from economists, local officials, and younger voters, who argue that limited supply and a lack of new housing are worsening the problem.
While some sectors support protecting the value of existing properties, others warn that this approach could alienate younger voters and frustrate millions of Americans who dream of buying their first home.
Why is this strategy controversial?
Because while it benefits current homeowners, it could price millions of first-time buyers out of the market and further worsen housing affordability.