Great Again: Trump Gives Homeowners All-Time High $2 Trillion Boost
By Mick Farthing|January 3, 2018
Great Again: Trump Gives Homeowners All-Time High $2 Trillion Boost

The mainstream media wants to pretend that President Donald Trump doesn’t exist, but unfortunately for them, the cannot hide from the facts: the Trump Effect is touching every part of America, and it’s working for the good.

Since the president took office a year ago, stocks have skyrocketed. Businesses, both small and large, are expanding. Employment has increased. The Obamacare mandate is gone. Taxes are being lowered. Government swampers are being fired. Money is flowing freely between families, small businesses, and corporations. And President Trump is just getting started.

The biggest news to further confirm the Trump effect is actually through the housing market. For those who own homes, this is great news for you: homeowners in total have increased their equity wealth $2 trillion. Which means that market values have reached a record-high of $31.8 trillion. And once again, we have President Trump to thank for it!

Image result for trump thumbs up

From Zero Hedge:

Americans who are lucky enough to own their own little slice of the ‘American Dream’ are about $2 trillion wealthier this year courtesy of Janet Yellen’s efforts to recreate all the same asset bubbles that Alan Greenspan first blew in the early 2000’s.  After surging 6.5{75726800c12fe2ebed14402fd98444a61f7eda42751f92330bc58faf20bd8821} in 2017, the highest pace in 4 years according to Zillow data, the total market value of homes in the United States reached a staggering all-time high of $31.8 trillion at the end of 2017…or roughly 1.5x the total GDP of the United States.

Of course, as we pointed out at the end of November, while staggering, the pricing gains on housing only look to just now be heating up…

As the latest housing data shows an uptick in sales, Case-Shiller’s 20-City Composite index surged 6.19{75726800c12fe2ebed14402fd98444a61f7eda42751f92330bc58faf20bd8821} YoY in September – the fastest rate of gain since July 2014.

As Bloomberg notes, the residential real-estate market is benefiting from steady demand backed by a strong job market and low mortgage rates. The ongoing scarcity of available houses on the market, especially previously-owned dwellings, is likely to keep driving up prices.

Eight cities have surpassed their peaks from before the financial crisis, according to the report.

All 20 cities in the index showed year-over-year gains, led by a 12.9 percent increase in Seattle and a 9 percent advance in Las Vegas (slowest gains in Washington area at 3.1 percent, Chicago at 3.9 percent)

With President Trump’s background in business, it should be a no-brainer that we would see amazing economic growth under his administration. And though the mainstream media has spent the past year damning everything that Donald Trump has accomplished, we conservatives know that with his capitalistic views and business mindset, we will continue to grow in wealth, job security, and home equity!

Source: Zero Hedge

Mick Farthing
Mick is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal.
Mick is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal.
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