In a cabinet meeting on January 29, President Trump told assembled journalists that he wanted to keep housing prices high: “I don’t want to drive housing prices down. I want to drive housing prices up for people who own their homes, and they can be assured that’s what’s going to happen.”
Trump’s concern is for home buyers who might lose equity in their home through falling prices: “Existing housing, people that own their homes, we’re going to keep them wealthy,” Trump said. “We’re going to keep those prices up. We’re not going to destroy the value of their homes so that somebody who didn’t work very hard can buy a home.”
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