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William Lindsey :toad:
William Lindsey :toad:
@wdlindsy@toad.social  ·  activity timestamp 8 hours ago

"''I don't want to drive housing prices down,' he said — as seen in the admittedly off-putting animation above. 'I want to drive housing prices up for people who own homes.'

You don't need to be a stable genius to understand where the winners and losers are in this scenario."

~ Philip Bump

#Trump #economy #prices #houses #housing
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https://www.howtoreadthisch.art/whaddaya-mean-home/

How To Read This Chart

Whaddaya mean, 'home'?

"You can't go home again," Thomas Wolfe wrote, but he didn't have geopositioning tools on his cell phone. Chapter 1 Sorry about your luck, kids. So the president of these United States, one Donald J. Trump, participated in a Cabinet meeting this week, at least until he got a bit
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William Lindsey :toad:
William Lindsey :toad:
@wdlindsy@toad.social replied  ·  activity timestamp 8 hours ago

"If you own a home — and particularly if you own a few, maybe one in Manhattan and one in West Palm Beach — this sounds pretty good. If you are someone looking to buy a home, though? Oh well!"

#Trump #economy #prices #houses #housing
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Woozle Hypertwin
Woozle Hypertwin
@woozle@toot.cat replied  ·  activity timestamp 7 hours ago

@wdlindsy ...do they understand that in order for a home-owner to make money selling their home, they have to find a buyer? ...and that this will make it more expensive for that same owner to buy another one, after selling?

Maybe they do, and the whole point is just to minimize the number of people who can afford a home.

...so that most people have to pay rent, making them cash-cows for the ownership class...

Yeah, that's what it is, isn't it. 😡

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