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Trump to DESTROY housing market (Original Post)
Yo_Mama_Been_Loggin
Dec 16
OP
Think. Again.
(19,706 posts)1. That's ONE of his plans anyway.
dutch777
(3,678 posts)2. Pretty sure realtors as a group were big supporters. Bummer, huh?!?!
Think. Again.
(19,706 posts)3. Yeah.
louis-t
(23,806 posts)4. They were in my office. They are absolutely giddy.
"Our business is going to double next year!!" These are people that don't realize how much he HATES Real Estate people. Google "How much does trmp owe Real Estate brokers in NY City." It's millions. Owes one broker who put tens of millions in trmp's pocket $750,000. These people think he cares about their industry. He doesn't.
The Madcap
(729 posts)5. At least
It might help first-time homebuyers of existing houses if there is a collapse. And maybe lower property taxes. But given that his tariffs will cause inflation in building materials and likely higher interest rates, the combo is really going to hurt builders.