If You Were in Charge, What Would You Do?

If you’ve been watching the news, then you’ve probably seen that President Trump is at it already. One of the executive orders about affordability specifically mentions housing.

I have a very serious question for everybody out there: what would you do if you were in charge for a couple of days or a year? What would meaningfully bring down housing prices?

Typical Responses Won’t Work

I don’t want to hear any of these go-to responses:

• Mortgage-Backed Securities: Some people might suggest that the government needs to buy mortgage-backed securities. Yes, that would bring interest rates down, but we’ve already seen what happens with that. So, it’s time to let that one go and let things happen naturally instead.
• Federal Regulations: Another thing that occurs to me is how Trump is big on reduced regulation and all of that stuff. But, keep in mind that the vast majority of home builder regulations happen at the state and local level. So, I am wondering what they can do from a federal level that will actually make a difference.

I’m really interested to hear your thoughts on this. For what it’s worth, I’m at a loss. I don’t really see anything that I think will really actually help with affordability. But bring your ideas… I want to hear them all!

As always, I’m here to answer your questions if you are looking for financing solutions to buy or refinance a home. Reach out to my team here at Franklin Loan Center to discuss the best options for your unique situation.