Newsweek Discovers 'Trump Plan' to Make Housing Unaffordable
Newsweek's headline about a 'Trump Plan' making mortgages tougher for first-time homebuyers is a masterclass in selective amnesia. As if the housing market hasn't been a rigged game for decades. We've seen decades of financial deregulation, under various administrations, that paved the way for predatory lending practices and massive wealth transfer to the top, culminating in bubbles that burst and
leave ordinary people stranded. This isn't a 'Trump Plan'; it's the bipartisan American Dream™ of making homeownership an increasingly unattainable myth. One might wonder where this sudden concern for first-time buyers was when mortgage interest rates were steadily rising under other administrations, or when Wall Street was bailed out while Main Street lost homes. The idea that a single plan by
one president is the sole gatekeeper to housing affordability conveniently whitewashes the systemic issues and perpetual profit motive that have squeezed working families for generations. How many more generations will we blame individual politicians for systemic failures?