1 week ago
15
President Donald Trump’s bid to put home ownership in reach for more Americans is sputtering, just weeks after it launched.
With voters signaling that pocketbook issues are top-of-mind ahead of the November midterm elections, the White House has floated a series of trial balloons aimed at lowering the cost of buying a home, only to see several shot down by Congress, the financial industry or even Trump himself.
The result: About six weeks after he promised “some of the most aggressive housing reform plans in American history,” the administration has struggled to get new policies in place while mortgage rates recently inched higher. Trump acknowledged the corner he’s painted himself into, waffling about the very idea of bringing down housing costs if it means existing homeowners get hurt.
“We’re not going to destroy the value of their homes so somebody who didn’t work very hard can buy a home,” he said at a cabinet meeting Thursday.
Trump’s inertia on the issue comes as a majority of Americans say he isn’t doing enough to address their broader cost-of-living concerns. A January Read Entire Article
English (US) ·