Plummeting all the way to… pulls chart… $1.21 higher than it was a month ago
So, remember that whole thing about how “Nazi” is short for “National Socialist” (in German), but they weren’t actually socialist, they just called themselves that because it was popular with the working class at the time?
Yeah, this is exactly how that worked. Their philosophies were openly and explicitly fascist, but every now and then they would steal a popular move from a socialist playbook to keep the voters happy, while they continued to strip away freedoms and militarize their populace and economy.
This is, legitimately, a fantastic idea. Everyone should be doing it. It doesn’t even remotely solve the problem of inflated home prices, but it would help, and the fact that just the proposal alone knocked 10% off Blackstone’s share price is all the proof you need of that. But it’s the kind of good idea that fascists roll out when they really need you to shut up sit down like good little piggies while they get on with covering up what Trump was doing with Epstein, murdering innocent civilians, and expanding the new American Empire.
Do I believe he’ll actually go through with it? On balance, probably not. But that’s really not the part you should be focused on right now.
Exactly. Also be on the lookout for him trying to sell houses owned by immigrants at low cost to “American patriots” after ice murdered a white lady. When they can tie populist benefits to their unpopular brutality they love it.
A-BUND-ance
Been trying to figure out the angle on that announcement ever since it was made. Should’ve known it was just market manipulation to buy the dip.
Yeah nothing he’s done or said makes me think he cares about affordable housing in the least.
He and his cronies shorted, now they’re buying, next week Trump move on and the share rise again
The opposite of a pump and dump scheme.
Sounds like a “shit and quit” to me
Notice Trump just said he would do it. He hasn’t actually done it.
Haven’t heard shit about Tylenol in weeks.
Well yeah, one month after the noise about Tylenol, Kimberly Clark finalized the deal to buy their parent company.
So mission accomplished?
In fairness it all could be a coincidence…
He’s blackmailing them in broad daylight
Blackstone’s CEO has been involved with Trump, interestingly. Posted it in another comment on the matter, as I was a little surprised, as I thought I’d remembered something about them being associated.
https://en.wikipedia.org/wiki/Stephen_A._Schwarzman
Stephen Allen Schwarzman (born February 14, 1947) is an American businessman. He is the chairman and CEO of the private equity firm Blackstone Inc., which he established in 1985 with Peter G. Peterson. Schwarzman was chairman of President Donald Trump’s Strategic and Policy Forum.[1]
In October 2025, Schwarzman was named by the White House as a donor to the construction of the White House State Ballroom, a proposed 90,000-square-foot expansion of the East Wing.[52]
In November 2025, Schwartzman attended a red carpet dinner at the White House for Saudi Crown Prince Mohammed bin Salman. Bin Salman, invited by President Donald Trump, was making his first visit to the United States since the 2018 killing of Jamal Khashoggi, which U.S. intelligence implicated bin Salman in.[53]
Trump announced he would crack down on such companies from snatching up single-family homes and contributing to the affordability crisis nationwide
Sounds like a great time to buy…amitight, guys?
Blackstone and other housing giants crashed hard
Good. Fuck 'em.
The executive doesn’t have the power to ban shit!
He does if people act as if he does.
That’s just a response to trumps otherwise inconsequential statement. I’ll believe his follow-through when I see it myself.
I am not sure if I should hate agreeing with people I hate.
A blind pig will occasionally find an acorn.
Well, I imagine you’d expect it to tend to cause rents to go up and house prices to go down if it shifts supply from the rental market to the sales market, so it’s probably not good for renters. Generally-speaking, renters are poorer than homeowners.
searches
https://resimpli.com/blog/homeowners-vs-renters-statistics/
The median household income of U.S. homeowners is $90,000 annually, compared to $40,000 for renters
Though I you’d also expect it to tend to decrease the value of the home equity of existing homeowners. Probably decrease rate of construction if it just pulls capital out of the housing market, so have a longer term decease on the housing supply. I imagine that this policy may not be a long-term survivor. Probably once it’s clear specifically what restriction he’s talking about, whether it’s real, whether it’s based on some kind of legally-questionable mandate that may be overturned, there’ll be more-sophisticated analysis done by people who deal with the field.
EDIT: I’d also note that this is the month when the extended ACA subsidies expire due to Republicans, and so some people are going to be paying significantly more for their health insurance, so I kind of imagine that Trump has a substantial incidentive to do things like talk about invading Columbia or really anything that will keep press coverage not on increasing healthcare costs in the US.
Well, I imagine you’d expect it to tend to cause rents to go up and house prices to go down if it shifts supply from the rental market to the sales market
Yes and no. Vast majority of rents are largely set by what it takes for an investor to pay the mortgage on the property, whether constructed or purchased. Property values crashing out due to no more institutional investors dumping cash into the market will have a downward pressure on rents overall, eventually.
Lol
When he starts throwing his people under the bus, were making a good noise.
