In 2026, smart sophisticated people who definitely know how things work smugly nod to each other and say, “This is so typical. The government will do anything to keep home prices from ever going down at all.”

2/2

I don't think there's any plausible scenario in which a big spurt in homebuilding wipes out the wealth of incumbent homeowners, but that's not really what Trump is talking about when says he wants to protect property values. It's a segregationist dog whistle, always has been.

You might want something more academic, but I think showing a portion of “L.A. Plays Itself” would be awesome. en.m.wikipedia.org/wiki/Los_Ang...

When four homes replace a SFH, each new home is about the same price as the original, and at 5 units or more, the new homes tend to be more affordable. But the critical comparison is to the 1-for-1 replacement — a mansionization, in other words.