As President-elect Donald Trump gears up for his second term, Americans are speculating on how his policies will shape the economy, especially the housing market. Surprisingly, it’s Gen Z—the youngest voting bloc—that’s the most optimistic about Trump’s potential impact on homeownership. According to a ConsumerAffairs survey, 44% of Gen Z voters believe mortgage rates will improve under Trump, compared to 39% of millennials and a notably grumpier 27% of Gen X.
The ‘experts’, of course, are already trying to pour cold water on this optimism. Kevin Thompson, CEO of 9i Capital Group, was quick to call Gen Z naive, claiming their rosy outlook stems from inexperience rather than economic reality. “Gen Z grew up expecting near-zero rates indefinitely—an artificial condition that is now a key reason why housing has become so unaffordable,” Thompson told Newsweek.
But here’s the thing the “experts” don’t get: Gen Z’s hope for Trump’s housing policies isn’t just wishful thinking—it’s rooted in Trump’s track record. During his first term, mortgage rates hit historic lows, housing affordability improved, and homeownership reached new heights. Trump’s pro-growth policies created the conditions that made these achievements possible.
Contrast this with President Biden’s term, where rising interest rates and inflation have made housing less attainable for millions. Biden’s administration has been all talk and no action when it comes to addressing housing shortages. Trump, on the other hand, has already promised to slash unnecessary housing development regulations—regulations that can add a staggering $90,000 to the cost of a new home. He’s also floated the idea of making federal lands available for housing development, a practical solution to increase supply.
The left, of course, loves to wring its hands over “unintended consequences.” Realtor.com Chief Economist Danielle Hale warned that Trump’s policies could boost inflation or disrupt the market. Yet, what have Democrats done to fix the problem? Nothing, unless you count endless virtue-signaling and bureaucratic gridlock.
Trump’s vision is simple: make housing more affordable by cutting red tape, unleashing private-sector innovation, and putting federal lands to better use. And while Gen Z’s optimism may be dismissed as naivety by so-called experts, it reflects a fundamental truth: Americans are tired of Bidenomics and ready for a return to Trump’s common-sense leadership.
