Well, howdy there, internet people it spell again. So today, we're going to talk about

Trump's plan to raise housing costs. In oddities, Vance tried to lay out a plan to make housing more

affordable. That was definitely eyebrow raising and said, quote. The most important thing that we can do

to make housing more affordable is to actually lower interest rates. Right now, because of the Federal Reserve,

we have interest rates that are still way too high. Oddly enough, that's not how this works.

If you have lower interest rates, more people can finance,

which means more people are in the market to buy a home.

That's higher demand.

Which means prices don't go down.

I know, I know. I'm just some lib or whatever. So let me give

you a quote where Trump himself said that lower interest rates wouldn't make housing more affordable.

Trump said, quote, existing housing, people that own their homes. We're going to keep them wealthy.

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. We're going to get, we're going to make it easier to buy. We're

going to get interest rates down. Straight from Trump.

Interest rates down will keep those prices up. It looks like the plan is to convince people that having

a slightly lower payment via lower interest rates is addressing affordability, even if that slightly lower payment

is still out of reach for most people. The idea here is to keep you in debt. That's why they

push the 50-year mortgage idea. You'll own nothing and like it. The housing affordability issue isn't because of interest rates.

There is no single magic policy position that will fix the fact that in 1985, the median household

income was about $23,600, while the median home price was only $83,800. That's a ratio of a house

costing three and a half times income. In 2025, median household income is $83,700, and the median

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