Quit Blaming Trump . . . or ANY President!
I keep seeing people blame high home prices on the stock market or on Trump.
Here’s reality: Most Americans don’t even own stock. They’re not hesitating because of the stock market. They’re hesitating because home prices have outpaced inflation for decades – well before any recent president – and it finally hit a breaking point.
Even with interest rates that are historically normal, even low by long-term standards. The prices themselves have become the problem. Buyers became priced out. What RARELY gets acknowledged, even in my industry, is that we have a LOCAL inventory problem.
Restrictive zoning
Expensive or time-consuming permitting
Local development resistance!
These are all local issues, not national ones. They might be happening everywhere, but it’s still a local issue that can be resolved locally. That’s where prices are actually set. Supply and demand are local issues.
If you want affordability, focus less on political villains and more on supply where people actually live. Encourage your local government to allow responsible building to meet the needs of an increasing population. Disagree? Write to me here.
