Economist Peter Schiff criticized President Donald Trump on Sunday over rising home prices, which are making existing homeowners richer while younger Americans struggle to buy.
Higher Home Prices In a post on X, Schiff stated, "Trump actually said he doesn't want lower home prices so young families struggling to buy their first home can afford one.
He wants already expensive home prices to keep rising, so that older homeowners who bought them at much lower prices can keep feeling good about being rich." Trump actually said he doesn't want lower home prices so young families struggling to buy their first home can afford one.
He wants already expensive home prices to keep rising, so that older homeowners who bought them at much lower prices can keep feeling good about being rich.— Peter Schiff (@PeterSchiff) May 17, 2026 The economist explained that while higher home prices are boosting wealth for the older homeowners, young Americans are struggling.
Higher home prices and mortgage rates make homeownership less attractive for first-time buyers, discouraging home purchases.
