The White House is trying to show it's lowering the cost of living, but President Donald Trump has said he doesn't want to see the price of homes come down.

Donald Trump wants to keep home prices high, bypassing calls to ramp up construction so people can afford what has been a ticket to the middle class.

Trump has instead argued for protecting existing owners who have watched the values of their homes climb. It’s a position that flies in the face of what many economists, the real estate industry, local officials and apartment dwellers say is needed to fix a big chunk of America’s affordability problem.

“I don’t want to drive housing prices down. I want to drive housing prices up for people that own their homes, and they can be assured that’s what’s going to happen,” Trump told his Cabinet on Jan. 29.

  • MareOfNights@discuss.tchncs.de
    1·
    2 days ago

    Some rough estimations:

    Number of Boomers: 67 mio. With 75% turnout: 50.25 mio.

    Number of GenX: 65 mio. With 70% turnout: 45.5 mio.

    Number of Millenials: 74 mio. With 60% turnout: 44.5 mio.

    Number of GenZ above 18: ~20mio. With 48% turnout: 9.6 mio.

    The USA is a geriatricacy. Not even just by the numbers, young people give up so much power by not voting.

    Edit: Formatting

    • galaxy_nova@lemmy.worldEnglish
      1·
      2 days ago

      Thanks for the stats! Hm that is truly depressing. Even with better turnout there are so many fricken boomers damn. I guess that makes sense given the generation moniker. Is this based on 2024 data? I’m somewhat inclined to believe that low Gen Z voter turnout is at least partially a symptom of being disengaged from the Democratic Party putting out machine candidates all the time but I of course have no way to quantify that atm.