Politico reports that President Donald Trump will likely fail to show voters he’s making homes more affordable, further upsetting his chances of victory in the midterms and the upcoming national election.“President Donald Trump is eager to show voters he is making homes more affordable. But even some allies concede there’s little chance his policies will have a meaningful impact by Election Day,” Politico reported. “I don’t think there’s any magic bullet there — certainly not in the next 10 months,” said Mark Zandi, chief economist at Moody’s Analytics. “The proposals that have been put forth are really on the margin. They’re really not going to move the dial to any meaningful degree.”When it became apparent that affordability would be central to winning the midterm elections, Politico reports the White House suggested a proposal that either did little or fell flat altogether at reducing high home costs.“The Trump administration directed government-controlled mortgage finance agencies to purchase billions in securities to lower mortgage rates. The president signed an executive order blocking institutional investors from receiving government support when buying single-family homes as investments, which has driven up home prices for individual buyers. And the White House floated, and ultimately backed off, a proposal for a 50-year mortgage,” Politico reports.White House allies tell Politico that Trump has so far failed to show voters that he feels their pain. Plus, he is powerless to materially lower housing costs in the months leading up to the midterms.“I don’t think it solves affordability,” said one anonymous White House source. “Moving the housing market is like turning around a super tanker. It’s not easy. “But, it’s important to show that you give a crap.”Trump’s failures could prove more devastating if younger voters turn on him, particularly frustrated first-time home buyers. Politico reports the typical age of first-time home buyers is now 40 years old, a record high. And the president’s claim that he wants to make homes more expensive “isn’t sitting well with that cohort,” said GOP pollster Brent Buchanan.“It’s kind of hard to message to voters under 40, when the president says he wants to make housing prices go up,” said Buchanan, adding that the president’s comments have “ticked off younger voters.”
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