President Donald Trump said during a Cabinet meeting that he wants to 'drive housing prices up' to keep homeowners 'wealthy' rather than focusing on affordability to benefit people people who 'didn't work very hard'
Go ahead, vote MAGA in the midterms if you’re curious how fucked your life can get.
Yeah it’s bullshit. Unfortunately, it’s how people gain wealth in America. It’s one of the many reasons redlining largely black districts, for example, is so fucked. It’s kept black people in poverty and is one of the main reasons why there is such a wealth disparity by race.
Appreciate the nuance, though I think that “house as equity” thing should definitely be dismantled, at least over time.
House is a place to live, period. The rest is a fucked predicament we found ourselves in thanks to big investors.
But yes, first house should be made super accessible, and any subsequent ones could be sold for a major markup.
Yeah it’s bullshit. Unfortunately, it’s how people gain wealth in America. It’s one of the many reasons redlining largely black districts, for example, is so fucked. It’s kept black people in poverty and is one of the main reasons why there is such a wealth disparity by race.