Can Trump Really Crash the Housing Market?

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Can Trump crush the real estate market? Well, he mentioned this a couple of times. He mentioned this, was doing a presser a couple of weeks ago and also at Davos. I don’t wanna do anything that’s gonna hurt the value of people who own a house. I could crash the housing market, but I’m not going to. So I guess the remedy is lower rates, but quite frankly, he should know better. Lower rates.

quite frankly does not make a house quite frankly, more affordable more often than not because again, what happens is the price goes up. Okay, rates go down, price goes up. And I’ve explained this before, it’s an inverse relationship. You don’t have to crash the real estate market. You don’t. Okay, you need to let the real estate market reset. by its lonesome.

Like anything else, anything else, I mean, you crash, you don’t mind crashing the stock market for a short period of time. What is the big deal? If the value of homes in areas of the country where it’s inflated, it’ll come down. It’s not gonna happen overnight. It isn’t, okay, I’ll tell you why you get, people have this belief, they always, a house is worth more than, you know.

I put money into it and I did this and I did that. And sometimes you get it. Sometimes you get it. That’s the way the ball bounces, But real estate values coming down is not a bad thing for the overall economy. It’s a great thing. And I don’t want to hear, well, I don’t want my probability to go down. What if I want to sell? then sell.

Okay, first and foremost, I made this perfectly clear. Okay, if your wealth is tied up in your house, not a good idea, first off. They’re not liquid. Okay, they’re not. I don’t recommend that. I don’t recommend that. And I will give you every scenario out there. And you want to take out long-term scenarios. you know, what’s a real estate agent thing? it’s always a good investment. Never look at it as an investment. It’s a bill. Okay?

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It’s a bill. You’re going to have to repay. You’re going to have to maintain. You’re constantly spending money to keep up this investment.

The chunk of Nvidia stock in my portfolio. I don’t know, they don’t call me up. That’s why they used to call me up and say, Chris, know, man, the toilet exploded at one of our data centers. You you got to send us some money here. We got to fix it. Huh? Look at your home as an installment plan purchase. If you make money, and again, that’s what I was talking about, make.

Money. How much did you actually make? Yeah, well, I bought it at this and I sold it for the, yeah, listen, you hold on for period of time, absolutely. But if you paid a mortgage, paid a mortgage, right? Well, guess what? You paid interest on that mortgage. Oh, you a house, property taxes too, right?

Property tax every single year you’re essentially you’re getting hit every single year with a wealth tax. Are you not? Every year what what what what did you account for that?

Pairs upkeep everything that’s involved. It’s a bill. It’s a bill. And explain this again. I live in an area, the country, pretty hot real estate market. Well, it has been hot. Now this is all prices are starting to come down. You know, there’s more sellers now they’re putting their houses on the market. I live in Tampa, Florida. Love it here. Love it.

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great neighborhood. like, it’s I like it’s just kids everywhere. I’m one the older guys in the neighborhood love seeing kids out playing ball and buy all that good stuff. Anyway, neither here nor there. Like, oh, Christian, we’re a Tampa real estate market is it’s down by 5 % or whatever percent.

And?

do I care? What does it matter to me? Did the size of my bathroom reduce by 5 %? No, it doesn’t matter. Well, what if I have to sell? Well, again, have to sell?

I what half to say I’m at a loss here guys. What does that mean? Okay, all because you want them move somewhere. Okay, you know, sometimes you win sometimes you lose on these things. It is a home. Don’t it’s a place where you have friends over. Okay, which I like to do love to entertain love to have people over make memories have my kids home all sorts of good stuff. That’s what it is. Okay, that’s what it’s a container for.

You don’t. don’t want this as a part of anyone’s financial plan. what the value of my home is crude out shit. Okay. Build wealth outside of your home. And no, Trump can’t crash the real estate market. Watchdog on wallstreet.com.