The housing market is in the news again because this spring/summer buying season is reported to be the worst in the last 15 years. They say the reason is because of high mortgage rates and stubborn prices. But the real reason is because the housing market is now dominated by corporate America, investors, and people who will never sell. And if those things weren’t enough, the cost of building new homes is exponentially sky high now that Trump has put tariffs on every single building material in existence.
I’ve been saying this now for over five years: the housing “market” is over and probably never coming back. The days of housing affordability are over. Even if house prices came down, corporations like Blackstone and Airbnb investors would gobble them up like Pacman on steroids before a hard-working peasant citizen could even get an offer written up. Both parties, Republican and Democrat, have allowed this investor takeover to happen, and they are all monetarily benefiting from it.
The only possible way to reverse the situation is to force all the corporations and investors out of the housing market and close down Airbnb. You may think this sounds drastic, but it’s the only way to return the housing market to the people. If I were president, that would be one of my top priorities, because I am of the firm belief that if Americans don’t have an ownership stake in their country and communities, they won’t take pride in them. This is a known fact. How can America be made great again if people can’t afford a home? It can’t. It’s all BS propaganda, as long as homes are completely out of reach of the average citizen working a full-time job.
Others will tell you that if builders can get more homes built, then supply will increase and prices will come down. Nonsense. Homes are way too expensive to build now. Materials are through the roof, labor is insane, finding reliable and dependable workers is harder than it has ever been. To compound this problem all the people who will do the labor work are being deported. Is the perfect storm for a complete housing market collapse
But the housing market collapse will not result in lower prices. It will result in a complete sales freeze because hardly anyone will sell their home. Goodbye real estate profession. Actually AI is taking over the real estate business anyway, so there is that. Hence the market will be completely dead, save for people with tons and tons of money. Same with the older car market.
One more thing. I told people back in 2019 the housing market was over. They said I was misinformed and didn’t know what I was talking about. They said “just be patient and the prices will come back down again.” I’ve followed up with those same people and said “How patient do we need to be?“ Crickets. They were wrong, and they were the ones who didn’t know what they were talking about. It’s not the interest rates, by the way. 6% is a great interest rate to buy a home. Don’t believe the Trump hype.
I’m going to file this under “The billionaires have decided that those with nothing have too much.”
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