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Donald Trump drew backlash on Thursday after vowing to keep housing prices high, even as he promotes policies he claims would improve affordability.
Trump sought during a Cabinet meeting to reassure existing homeowners who may worry that efforts to make housing more affordable could reduce the value of their properties.
“Existing housing, people that own their homes, we’re gonna keep them wealthy,” Trump said. “We’re gonna keep those prices up. We’re not gonna destroy the value of their homes so that somebody that didn’t work very hard can buy a home.”
While Trump promised his administration would work to lower interest rates and make buying easier, he said he did not want home prices to fall.
“I don’t want to drive housing prices down,” he said. “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.”
Trump: "People that own their homes -- we're gonna keep them wealthy. We're gonna keep those prices up. We're not gonna destroy the value of their homes so that somebody who didn't work very hard can buy a home." pic.twitter.com/FlyaHZAspa
— Aaron Rupar (@atrupar) January 29, 2026The remarks drew criticism from Democrats and social media users alike.
“Are you trying to buy your first home? Trump wants your prices to go up,” Sen. Tammy Duckworth wrote on X. “But sure, Donald, keep saying affordability is a hoax.”
Rep. Suzan DelBene (D-Wash.) accused Trump of not caring about making life more affordable for working families.
Senate Minority Leader Chuck Schumer (D-N.Y.) said Trump’s “number one priority has been to make the wealthy, wealthier” and not helping young Americans hoping to buy their first home.
“He’s giving the middle finger to our youngest generation,” Schumer added.
Other critics online argued that Trump’s comments could further alienate Gen Z and Millennial voters struggling to enter the housing market.
Trump's number one priority has been to make the wealthy, wealthier—it has never been the millions of young Americans looking to buy their first home.
He’s giving the middle finger to our youngest generation. @SenateDems are focused on making homeownership possible for everyone. https://t.co/b6jXbtXGyd
Are you trying to buy your first home? Trump wants your prices to go up.
But sure Donald, keep saying affordability is a hoax. https://t.co/zKZmstZGTQ
Millions of families are struggling to afford a roof over their heads & Trump’s response is to increase the price of housing. He doesn’t care about making your life more affordable. https://t.co/BWZaGLnhEX
— Rep. Suzan DelBene (@RepDelBene) January 29, 2026Trump’s affordable housing plan is basically: Screw you.
This will float like a lead balloon in fast growing Central Florida. https://t.co/BBysGFqjm8
Trying to purchase a home?
Trump says “I don’t want to drive housing prices down.”
Millions of hardworking folks can't afford to buy—and the President’s tariffs are making it even more expensive. https://t.co/4Aow2eDGNz
I’d hate to be his communications director.
— Nichole Liza (@nicholelizaq) January 30, 2026Just the President saying he wants to make housing as expensive as possible & thus continue the massive wealth transfer from young to old due to not building nearly enough homes. https://t.co/PzaBwkiffH
— Senator Scott Wiener (@Scott_Wiener) January 30, 2026WELL IF THOSE PEOPLE HAVE NO BUYERS THEY CAN'T SELL THEM NOW, CAN THEY? FUCKING KING IMBECILE OVER HERE.
— Nicole Lauren (@Nicole1515) January 29, 2026The stupidest thing ever said publicly by any President. I think he’s extremely incompetent, unfit and way out of his depth.
— Capt M J Singleton 🇺🇸 (@NavyCaptRet63XX) January 29, 2026So... he wants to make it harder for people to buy houses AND he wants people who already own homes to pay more in property taxes?
Does this idiot know literally anything about anything?
He reinforces the fact that he knows nothing about most of everything he talks about.
— Diane McKenna (@DianeMcKenna22) January 29, 2026Ah yes, the American Dream: already own a home or stay poor.
— The Angry Democrat (@MatthewDiemer) January 29, 2026The American Dream now requires a time machine and generational wealth.
— 𝕊𝕦𝕟𝕕𝕒𝕖_𝔾𝕦𝕣𝕝 (@SundaeDivine) January 29, 2026So a billionaire protecting the assets of other millionaires and billionaires, but somehow the down trodden think he's on their side.
— fhools⚡️🦀 (@fhools) January 29, 2026You’re never getting a house in this economy.
— Oltron (@oltron) January 30, 2026Gen Z and Millennials if you're listening...
"Affordability is a Democrat hoax."
-- Donald 🙄
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