Trump in 2024 Vows to Cut the Cost of Home Ownership in Half

EXCERPT:

Trump: “We will make housing much more affordable. As inflation is tamed, interest rates will dramatically fall. They’ll be down very, very low. We’ll get them down. We had them down to 2.4 percent and even lower than that for a period of time. Reducing mortgage rates is a big factor. We’re going to get them back down to, we think, 3 percent, maybe even lower than that, saving the average home buyer thousands of dollars per year. They can now go out. Young people will be able to buy a home again and be a part of the American Dream. We will eliminate regulations that drive up housing costs with the goal of cutting the cost of a new home in half. We think we can do that. The regulations alone cost 30 percent. Regulation costs 30 percent of a new home. And we will open up portions of federal land for large-scale housing construction. These zones will be ultra-low tax and ultra-low regulation.“