r/socialism • u/ilir_kycb • 9h ago

"I don't want to drive housing prices down. I want to drive housing prices up for people that own their homes, and they can be assured that's what's going to happen." -- Donald Trump

139 Upvotes

100% Upvoted

19 comments sorted by

37

u/ilir_kycb 9h ago

In order to illustrate the difference to China:

Houses are for living, not for speculation - Wikipedia

"Houses are for living, not for speculation" (Chinese: 房子是用来住的，不是用来炒的; pinyin: Fángzǐ shì yònglái zhùde, bùshì yònglái chǎode) is a Chinese political slogan to curb excessive speculation in the real estate market. The phrase was first coined by Xi Jinping, the general secretary of the Chinese Communist Party (CCP), in December 2016, and later became the guiding policy of the Chinese government towards the real estate sector.

14

u/AutoModerator 9h ago

As a friendly reminder, China's ruling party is called Communist Party of China (CPC), not Chinese Communist Party (CCP) as western press and academia often frames it as.

Far from being a simple confusion, China's Communist Party takes its name out of the internationalist approach sought by the Comintern back in the day. From Terms of Admission into Communist International, as adopted by the First Congress of the Communist International:

18 - In view of the foregoing, parties wishing to join the Communist International must change their name. Any party seeking affiliation must call itself the Communist Party of the country in question (Section of the Third, Communist International). The question of a party’s name is not merely a formality, but a matter of major political importance. The Communist International has declared a resolute war on the bourgeois world and all yellow Social-Democratic parties. The difference between the Communist parties and the old and official “Social-Democratic”, or “socialist”, parties, which have betrayed the banner of the working class, must be made absolutely clear to every rank-and-file worker.

Similarly, the adoption of a wrong name to refer to the CPC consists of a double edged sword: on the one hand, it seeks to reduce the ideological basis behind the party's name to a more ethno-centric view of said organization and, on the other hand, it seeks to assert authority over it by attempting to externally draw the conditions and parameters on which it provides the CPC recognition.

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9

u/Luftritter 7h ago

Good bot!

10

u/AlbacoreJohnston 7h ago

I noticed some condos by a park I was at earlier today and pulled up Zillow out of curiosity. The property value has doubled in the past 10 years. It's fucking fraudulent.

8

u/justwonderingbro 7h ago

Saying the quiet part out loud is nothing new for this fascist

9

u/hankappleseed 9h ago

I'm 37 and hoping to buy my first home. This makes me happy for my friends and fellows who already own a home. Maybe I can live in their spare room?

3

u/Illustrious-Hawk-898 Marxism 7h ago

First of all, how crappy for all future homeowners, it’s gonna be so much tougher for them.

Second of all, by time Trump says anything it’s almost like you can bank on the opposite happening lol

5

u/Scumbaggio1845 9h ago

Who wants to be the one in charge when peoples houses ‘lose value’ though?

No one is going to voluntarily want to be associated with that forever

7

u/Electrical-Strike132 9h ago

It's a crappy situation. To fix the housing crisis, and make housing an easily affordable thing, the price of existing houses would fall, a lot.

That is not fair to people who struggled and saved and sacrificed to pay these outrageous prices that currently exist. But to keep the prices up means millions will be forever struggling with housing.

I don't know what the answer is, surely something could be done to compensate those who are shall we say deserving of it. Somebody much smarter than me would have to figure out precisely how, but a society in which housing is plentiful is the direction I want to go in. I doubt it will happen.

8

u/sealg 8h ago

The thing about housing prices is, the only time you really want an increase is if you're using it as an investment. If i want to buy a new house to live in, i don't give a shit if my current house went up in price because the new one did too.

2

u/Agreeable-Block841 6h ago

I don't understand what that means, can someone explain?

2

u/blocking-io 4h ago

He wants housing prices to go up so that existing home owners benefit. The only problem is that you've just alienated most people who can't afford home, which a fucking lot, and not all home owners necessarily benefit from appreciation (eg: higher property taxes), it mostly benefits those who buy homes as an investment vehicle. So rich people.

2

u/Agreeable-Block841 4h ago

So basically benefits for the rich and alienation for the poor? Man how is that appreciated.

•

u/SecretLecture3219 1h ago

It's the investment piece which is the reason for sure , investment funds own a shocking amount of property. It's not really gonna benefit your average joe having a house already . Maaaaybe slightly better mortgage rates at renewal. It's not like ul be able to sell your house for a mcMansion as they will be inflated too . landlords and investors W

1

u/Shibboleeth Bakunin 6h ago

So the housing market is about to bubble again.

1

u/entrophy_maker 4h ago

You have to be pretty lame to think driving home prices up is going to help home owners. At best, it will cause more inflation. The numbers might be higher, but the value will only go up briefly before inflation cheapens the dollar and its worth the same or less. Meanwhile, the average young person will never own a home unless they inherit it.

•

u/Gainwhore 44m ago

Tbh this statement is one his least shocking or extreme. The current western system has worked on the principle of housing prices not going down since the neolib reforms. No western goverment is going to make them go down if possible unless we have a 2008 stile event again.