Quote from: seafoid on November 07, 2024, 04:07:10 PMTrump promised lower inflation, lowe interest rates, higher wages and that everyone would get a nice house . The only thing he left out was a pony. I wonder how long the honeymoon will last.
It depends.
US inflation is now back to where it was before Covid (when Trump was last in office), latest report being about 2.4% and dropping. He can't be blaming Biden 18 months from now if he introduces all these tariffs and drives prices way up again. Wages have been rising fairly steadily, unfortunately alongside the inflation.
Not sure what he can or will do about housing. Housing prices went through the roof starting in 2020 (again, when he was in office) as people suddenly started leaving big cities and moving all over the country for telework. Lots of people starting moving to places like Florida and Arizona. Then the Fed raised interest rates in response to inflation. In addition, as in Ireland, much of America simply hasn't been building enough houses, while a lot of housing in more popular areas has been diverted into short term rental investment properties or bought up by hedge funds and the like. And many of those blocked from getting on the housing ladder are children of parents who do not want regs or zoning loosened or changed in their neighbourhood because that might affect the value of THEIR house, which is now nice and high.