So, remember that whole thing about how “Nazi” is short for “National Socialist” (in German), but they weren’t actually socialist, they just called themselves that because it was popular with the working class at the time?
Yeah, this is exactly how that worked. Their philosophies were openly and explicitly fascist, but every now and then they would steal a popular move from a socialist playbook to keep the voters happy, while they continued to strip away freedoms and militarize their populace and economy.
This is, legitimately, a fantastic idea. Everyone should be doing it. It doesn’t even remotely solve the problem of inflated home prices, but it would help, and the fact that just the proposal alone knocked 10% off Blackstone’s share price is all the proof you need of that. But it’s the kind of good idea that fascists roll out when they really need you to shut up sit down like good little piggies while they get on with covering up what Trump was doing with Epstein, murdering innocent civilians, and expanding the new American Empire.
Do I believe he’ll actually go through with it? On balance, probably not. But that’s really not the part you should be focused on right now.
Exactly. Also be on the lookout for him trying to sell houses owned by immigrants at low cost to “American patriots” after ice murdered a white lady. When they can tie populist benefits to their unpopular brutality they love it.
Plummeting all the way to… pulls chart… $1.21 higher than it was a month ago
Notice Trump just said he would do it. He hasn’t actually done it.
Blackstone and other housing giants crashed hard
Good. Fuck 'em.
I am not sure if I should hate agreeing with people I hate.
Well, I imagine you’d expect it to tend to cause rents to go up and house prices to go down if it shifts supply from the rental market to the sales market, so it’s probably not good for renters. Generally-speaking, renters are poorer than homeowners.
searches
https://resimpli.com/blog/homeowners-vs-renters-statistics/
The median household income of U.S. homeowners is $90,000 annually, compared to $40,000 for renters
Though I you’d also expect it to tend to decrease the value of the home equity of existing homeowners. Probably decrease rate of construction if it just pulls capital out of the housing market, so have a longer term decease on the housing supply. I imagine that this policy may not be a long-term survivor. Probably once it’s clear specifically what restriction he’s talking about, whether it’s real, whether it’s based on some kind of legally-questionable mandate that may be overturned, there’ll be more-sophisticated analysis done by people who deal with the field.
EDIT: I’d also note that this is the month when the extended ACA subsidies expire due to Republicans, and so some people are going to be paying significantly more for their health insurance, so I kind of imagine that Trump has a substantial incidentive to do things like talk about invading Columbia or really anything that will keep press coverage not on increasing healthcare costs in the US.
He and his cronies shorted, now they’re buying, next week Trump move on and the share rise again
The opposite of a pump and dump scheme.
Sounds like a “shit and quit” to me
