Trump Blames Biden for Soaring US Housing Prices, Vows to End 'Nation of Renters'
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Firstpost•22-01-2026, 14:56
Trump Blames Biden for Soaring US Housing Prices, Vows to End 'Nation of Renters'
- •Donald Trump criticized President Biden for high interest rates and rising home prices, stating the US will not become a "nation of renters."
- •Speaking at the World Economic Forum in Davos, Trump highlighted housing affordability as a key issue for the upcoming November midterm elections.
- •He signed an executive order to limit institutional purchases of single-family homes, aiming to make homeownership more accessible.
- •Trump proposed capping credit card interest rates at 10% for a year to help Americans save for down payments, a move criticized by Wall Street.
- •He also suggested allowing 401(k) funds for home down payments and making restrictions on institutional homebuyers permanent.
Why It Matters: Trump blames Biden for housing crisis, promises policies to boost homeownership and curb institutional buyers.
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