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Zorro

(17,878 posts) Mon Sep 1, 2025, 05:34 PM Sep 1

Bessent says Trump administration will tackle high housing costs with new measures

Source: Reuters via Yahoo Finance

President Donald Trump's administration plans new measures to tackle the high cost of housing in the coming weeks, U.S. Treasury Secretary Scott Bessent told Reuters in an interview on Monday.

Emphasizing the urgency of the situation, Bessent described it as an "all hands on deck" challenge.

Bessent told the Washington Examiner in a separate interview that Trump may declare a national housing emergency this fall to address rising prices and dwindling supply.

The housing market has been hardest hit by the U.S. central bank's tight monetary policy stance and high housing costs are a top concern for many Americans.

https://finance.yahoo.com/news/bessent-says-trump-administration-tackle-205720415.html

Read more: https://finance.yahoo.com/news/bessent-says-trump-administration-tackle-205720415.html

Coming up next: a "housing emergency" declaration to justify actions this administration is contemplating (forcing the fed to lower interest rates, etc...).

16 replies

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Highlight:

Bessent says Trump administration will tackle high housing costs with new measures (Original Post) Zorro Sep 1 OP

They'll collapse the economy. Turbineguy Sep 1 #1

Yep and it won't help the housing market. Irish_Dem Sep 1 #2

They'll plunder all timber in parks and federal lands bucolic_frolic Sep 1 #3

While putting tariffs on Canadian lumber. underpants Sep 1 #4

Time to confiscate your homes. Farmer-Rick Sep 1 #5

No vacancies for blacks NCDem47 Sep 1 #6

What? Tent cities called Trumpville? ananda Sep 1 #7

He won't force the Fed to lower interest rates. LastLiberal in PalmSprings Sep 1 #8

Their only 'plans' are to talk about it, Dem2theMax Sep 1 #9

This, exactly. WestMichRad Sep 1 #10

He's considering thinking about forming a concept of a plan groundloop Sep 1 #13

Like they did infrastructure the last term Yo_Mama_Been_Loggin Sep 1 #14

Nothing, except an economic crisis will bring down prices Nigrum Cattus Sep 1 #11

The supply is there, it's being held to drive prices up. marble falls Sep 1 #12

There are housing crises lonely bird Sep 1 #15

So, expect housing prices to go up substantially ... nt eppur_se_muova Sep 2 #16

Turbineguy

(39,344 posts)

1. They'll collapse the economy.

Reply to Zorro (Original post)

Mon Sep 1, 2025, 05:35 PM

Sep 1

Irish_Dem

(74,784 posts)

2. Yep and it won't help the housing market.

Reply to Turbineguy (Reply #1)

Mon Sep 1, 2025, 05:46 PM

Sep 1

bucolic_frolic

(52,399 posts)

3. They'll plunder all timber in parks and federal lands

Reply to Zorro (Original post)

Mon Sep 1, 2025, 05:48 PM

Sep 1

Meanwhile, they should be renovating older homes with loans and not building McMansions. Unless they want Housing Crisis II.

underpants

(192,975 posts)

4. While putting tariffs on Canadian lumber.

Reply to bucolic_frolic (Reply #3)

Mon Sep 1, 2025, 05:50 PM

Sep 1

Farmer-Rick

(12,072 posts)

5. Time to confiscate your homes.

Reply to Zorro (Original post)

Mon Sep 1, 2025, 05:53 PM

Sep 1

Got to take your property to give it to needy billionaires. Got to get those prices under control. How very socialist.

NCDem47

(3,010 posts)

6. No vacancies for blacks

Reply to Zorro (Original post)

Mon Sep 1, 2025, 05:56 PM

Sep 1

Yeah...he's a real champion for fair and affordable housing.

How Donald Trump
Got His Start, and Was First Accused of Bias

"Over the next decade, as Donald J. Trump assumed an increasingly prominent role
in the business, the company’s practice of turning away potential black tenants
was painstakingly documented by activists and organizations that viewed equal
housing as the next frontier in the civil rights struggle.

The Justice Department undertook its own investigation and, in 1973, sued Trump
Management for discriminating against blacks. Both Fred Trump, the company’s
chairman, and Donald Trump, its president, were named as defendants. It was
front-page news, and for Donald, amounted to his debut in the public eye."

ananda

(33,138 posts)

7. What? Tent cities called Trumpville?

Reply to Zorro (Original post)

Mon Sep 1, 2025, 06:42 PM

Sep 1

Sheesh

LastLiberal in PalmSprings

(13,268 posts)

8. He won't force the Fed to lower interest rates.

Reply to Zorro (Original post)

Mon Sep 1, 2025, 06:43 PM

Sep 1

He'll eliminate the entire agency and place total control of its functions under his direct control.

Can a nation's credit rating be negative?

Dem2theMax

(10,986 posts)

9. Their only 'plans' are to talk about it,

Reply to Zorro (Original post)

Mon Sep 1, 2025, 06:59 PM

Sep 1

say it's going to be done in two weeks,
carry around a folder that they wave in the air in front of reporters, saying all the plans are in the folder, when it's actually empty.

There, they've solved the high housing costs crisis.

And his followers will believe him.

WestMichRad

(2,609 posts)

10. This, exactly.

Reply to Dem2theMax (Reply #9)

Mon Sep 1, 2025, 07:08 PM

Sep 1

Just like infrastructure week, or the new master plan for health care. (Forever) “coming soon” to a theatre near you!

groundloop

(13,272 posts)

13. He's considering thinking about forming a concept of a plan

Reply to Dem2theMax (Reply #9)

Mon Sep 1, 2025, 09:26 PM

Sep 1

Yo_Mama_Been_Loggin

(128,643 posts)

14. Like they did infrastructure the last term

Reply to Dem2theMax (Reply #9)

Mon Sep 1, 2025, 09:42 PM

Sep 1

They'll declare a week "Housing Week" and not do shit.

Nigrum Cattus

(1,002 posts)

11. Nothing, except an economic crisis will bring down prices

Reply to Zorro (Original post)

Mon Sep 1, 2025, 07:12 PM

Sep 1

https://ycharts.com/indicators/us_median_price_for_existing_single_family_home

marble falls

(68,530 posts)

12. The supply is there, it's being held to drive prices up.

Reply to Zorro (Original post)

Mon Sep 1, 2025, 09:21 PM

Sep 1

lonely bird

(2,536 posts)

15. There are housing crises

Reply to Zorro (Original post)

Mon Sep 1, 2025, 11:49 PM

Sep 1

All over the world.

London, Sao Paola, Shanghai…

Asset prices are high. Asset prices will remain high. Dropping rates won’t drop prices. It will drop mortgage monthly payments but not a truly significant amount. Building more will drop rents but not a truly significant amount.

Builders build for several reasons…

What wealth wants (higher profits)
“Hot” areas with amenities easily accessible
Many times near large medical centers and/or education centers (Ed’s and Meds) done because cities are scrambling to replace manufacturing that has been lost particularly in the Rust Belt

And it will hammer low income people usually Black/Latino for gentrification. See University Circle area in Cleveland near University Hospitals, Cleveland Clinic and Case Western Reserve University.

eppur_se_muova

(40,003 posts)

16. So, expect housing prices to go up substantially ... nt

Reply to Zorro (Original post)

Tue Sep 2, 2025, 01:09 AM

Sep 2

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