The Dictatorship
Why Trump doesn’t want home prices to fall
WASHINGTON (AP) — President Donald Trump wants to keep home prices highbypassing calls to ramp up construction so people can afford what has been a ticket to the middle class.
Trump has instead argued for protecting existing owners who have watched the values of their homes climb. It’s a position that flies in the face of what many economists, the real estate industry, local officials and apartment dwellers say is needed to fix a big chunk of America’s affordability problem.
“I don’t want to drive housing prices down. I want to drive housing prices up for people that own their homes, and they can be assured that’s what’s going to happen,” Trump told his Cabinet on Jan. 29.
That approach could bolster the Republican president’s standing with older voters, a group that over time has been more likely to vote in midterm elections. Those races in November will determine whether Trump’s party can retain control of the House and Senate.
“You have a lot of people that have become wealthy in the last year because their house value has gone up,” Trump said. “And you know, when you get the housing — when you make it too easy and too cheap to buy houses — those values come down.”
But by catering to older baby boomers on housing, Trump risks alienating the younger voters who expanded his coalition in 2024 and helped him win a second term, and he could wade into a “generational war” in the midterms, said Brent Buchanan, whose polling firm Cygnal advises Republicans.
“The under-40 group is the most important right now — they are the ones who put Trump in the White House,” Buchanan said. “Their desire to show up in an election or not is going to make the difference in this election. If they feel that Donald Trump is taking care of the boomers at their expense, that is going to hurt Republicans.”
The logic in appealing to older voters
In the 2024 presidential election, 81% of Trump’s voters were homeowners, according to AP VoteCast data. This means many of his supporters already have mortgages with low rates or own their homes outright, possibly blunting the importance of housing as an issue.
Older voters tend to show up to vote more than do younger people, said Oscar Pocasangre, a senior data analyst at liberal think tank New America who has studied the age divide in U.S. politics. “However, appealing to older voters may prove to be a misguided policy if what’s needed to win is to expand the voting base,” Pocasangre said.
Before the 2026 elections, voters have consistently rated affordability as a top concern, and that is especially true for younger voters with regard to housing.
Booker Lightman, 30, a software engineer in Highlands Ranch, Colorado, who identifies politically as a libertarian Republican, said the shortage of housing has been a leading problem in his state.
Lightman just closed on a home last month, and while he and his wife, Alice, were able to manage the cost, he said that the lack of construction is pushing people out of Colorado. “There’s just not enough housing supply,” he said.
Shay Hata, a real estate agent in the Chicago and Denver areas, said she handles about 100 to 150 transactions a year. But she sees the potential for a lot more. “We have a lack of inventory to the point where most properties, particularly in the suburbs, are getting between five and 20 offers,” she said, describing what she sees in the Chicago area.
New construction could help more people afford homes because in some cases, buyers qualify for discounted mortgage rates from the builders’ preferred lenders, Hata said. She called the current situation “very discouraging for buyers because they’re getting priced out of the market.”
But pending construction has fallen under Trump. Permits to build single-family homes have plunged 9.4% over the past 12 months in October, the most recent month available, to an annual rate of 876,000, according to the U.S. Census Bureau.
Trump’s other ideas to help people buy houses
Trump has not always been against increasing housing supply.
During the 2024 campaignTrump’s team said he would create tax breaks for homebuyers, trim regulations on construction, open up federal land for housing developments and make monthly payments more manageable by cutting mortgage rates. Advisers also claimed that housing stock would open up because of Trump’s push for mass deportations of people who were in the United States illegally.
As recently as October, Trump urged builders to ramp up construction. “They’re sitting on 2 Million empty lots, A RECORD. I’m asking Fannie Mae and Freddie Mac to get Big Homebuilders going and, by so doing, help restore the American Dream!” Trump posted on social media, referring to the government-backed lenders.
But more recently, he has been unequivocal on not wanting to pursue policies that would boost supply and lower prices.
In office, Trump has so far focused his housing policy on lobbying the Federal Reserve to cut its benchmark interest rates. He believes that would make mortgages more affordable, although critics say it could spur higher inflation. Trump announced that the two mortgage companies, which are under government conservatorship, would buy at least $200 billion in home loan securities in a bid to reduce rates.
Trump also wants Congress to ban large financial institutions from buying homes. But he has rejected suggestions for expanding rules to let buyers use 401(k) retirement accounts for down payments, telling reporters that he did not want people to take their money out of the stock market because it was doing so well.
There are signs that lawmakers in both parties see the benefits of taking steps to add houses before this year’s elections. There are efforts in the Senate and House to jump-start construction through the use of incentives to change zoning restrictions, among other policies.
One of the underlying challenges on affordability is that home prices have been generally rising faster than incomes for several years.
This makes it harder to save for down payments or upgrade to a nicer home. It also means that the places where people live increasingly double as their key financial asset, one that leaves many families looking moneyed on paper even if they are struggling with monthly bills.
There is another risk for Trump. If the economy grows this year, as he has promised, that could push up demand for houses — as well as their prices — making the affordability problem more pronounced, said Edward Pinto, a senior fellow at the American Enterprise Institute, a center-right think tank.
Pinto said construction of single-family homes would have to rise by 50% to 100% during the next three years for average home price gains to be flat — a sign, he said, that Trump’s fears about falling home prices were probably unwarranted.
“It’s very hard to crater home prices,” Pinto said.
The Dictatorship
Canadian Prime Minister Carney secures a majority government with special election wins
TORONTO (AP) — Canadian Prime Minister Mark Carney secured a majority government with special election wins Monday night, allowing his Liberals to pass legislation without the support of opposition parties.
Voters cast ballots for three vacant seats of the 343 districts represented in Parliament. Liberal candidate Danielle Martin won the election for the Toronto district of University Rosedale and Liberal Doly Begum won the Toronto district of Scarborough Southwest. The result for a Quebec district was expected later.
The Liberal party could stay in power until 2029 after Monday’s results.
Carney won Canada’s electionlast year fueled by public anger over U.S. President Donald Trump’s annexation threats, and he has vowed to reduce Canada’s reliance on the U.S.
Since then, five defectionsfrom opposition parties, including four from the main opposition Conservative party, put Carney’s Liberals on the cusp of the majority with 171 members of Parliament in the House of Commons.
One of those defectors referenced Carney’s speech at the World Economic Forumin Davos, Switzerland, as helping his decision. In the speech, Carney condemned economic coercion by great powers against smaller countries and received widespread praise for his remarks.
Carney, former head of the Bank of England as well as Canada’s central bank, has moved the Liberals to the center-right since replacing Justin Trudeauas prime minister in 2025.
“Congratulations to Danielle Martin, new Member of Parliament for University-Rosedale,” Carney posted on social media. “Danielle has spent her career building better public health care for Torontonians and all Canadians. Now she’s bringing her experience and determination to the House of Commons, and our country will be stronger for it.”
Daniel Béland, a political science professor at McGill University in Montreal, said the Liberals also had a shot at winning in the seat in Quebec.
Béland said the deterioration of Canada-U.S. relations under the second Trump presidency has convinced many Canadians, including people who do not identify as Liberal, to rally behind the prime minister.
“Carney has thus far proved that he is an astute politician, despite the fact that he only formally entered the political arena in January of last year,” Béland said.
“The Davos speech has certainly helped boost Carney’s support at home, and he is now significantly more popular than when he became prime minister nearly 13 months ago.”
Carney’s majority and the recent defections are another blow to Conservative leader Pierre Poilievre, who lost the previous national election last year and even his own seat in Parliament. He has since rejoined Parliament.
Poilievre won a party leadership reviewearlier this year, but continues to have problems controlling his lawmakers.
The Dictatorship
Earth Day: Why sustainability and transparency matter more than ever
ByKnow Your Value staff
Knowing your value starts with taking ownership of your health.
That’s why Know Your Value and its founder Mika Brzezinski is partnering with the Environmental Working Group for an Earth Day event on April 22nd in Los Angeles.
We’re bringing together leading voices in environmental and women’s health for a conversation about knowing – and owning – our value…as women, movement creators and champions of environmental health.
Brzezinski recently spoke to Mark Abrials, chief marketing and sustainability officer – and co-founder at “Avocado green mattress” – one of our event sponsors – about the role companies play in advancing environmental and social responsibility.
“For Avocado … Earth Day is every day. I mean, Earth Day is built into our DNA ,” said Abrials. “I think it’s a time for consumers to just maybe reflect upon the products that they do bring into their house and maybe use it as an opportunity to dig deeper into how they’re made, how materials are sourced, because that has a direct impact on your own personal health, but also the health of the planet.”
You can watch the entire interview below:
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Know Your Value staff
The Dictatorship
Viktor Orbán’s loss in Hungary shows how a strongman can be defeated
Strongman rule often appears unbeatable at the ballot box, but the defeat of Hungarian Prime Minister Viktor Orbán on Sunday shows even entrenched systems can be challenged with the right strategy.
Peter Hungariandisrupted Orbán’s 16-year tenure with the support of a broad, unlikely coalition united by three core messages: Orbán must go, corruption must end and Hungary must align with the West rather than Russia. He also emphasized national sovereignty and strict border control, defying easy ideological categorization.
Péter Magyar disrupted Orbán’s 16-year tenure with the support of a broad, unlikely coalition united by three core messages: Orbán must go, corruption must end and Hungary must align with the West rather than Russia.
Magyar, the ex-husband of Orbán’s former justice minister, drew on personal knowledge of the government’s inner workings and crafted a bold, patriotic campaign. His social media strategy centered on a relatable persona. This winning combination goes a long way toward reshaping what effective opposition can look like.
For years, the “Orbán playbook” served as a manual for capturing power through elections — and then systematically dismantling checks and balances, hollowing out independent institutions, and consolidating control over the media and business sphere. Now, Hungary’s politics may be offering a different kind of playbook: one for how to bring down a strongman. Three points are particularly notable.

Change can come from within
It is tempting to view everyone inside an illiberal system as complicit. But such systems are often most vulnerable to those who understand them intimately. After 16 years of failed opposition efforts, Magyar became an effective challenger thanks in part to his insider knowledge — rather than outsider credentials.
Consider: His rise began just two years ago with a Facebook post and a viral interview exposing corruption in the Orbán regime. A meteoric ascent followed. Magyar drew on his insider understanding of how Orbán’s government exerts control over business, education, the judiciary and the media. He named methods and perpetrators with a precision, and a sense of humor, that few outsiders could match, while sharply criticizing the opposition for its weakness and lack of political imagination. This positioning — outside the regime yet deeply familiar with it, and distinct from an ineffective opposition — created a powerful advantage, one that appealed to an electorate in search of change.
Patriotism must be contested, not conceded
This point resonated with Hungarians and could be equally resonant among many Americans. Orbán consolidated power not only through his control of institutions but also by monopolizing national identity. His long-standing strategy has been to frame patriotism as the exclusive domain of his political camp — and the left, to its detriment, largely ceded the point.
Along came Magyar, whose surname literally means “Hungarian,” with several methods for reversing this dynamic. From the prominent use of the national flag at campaign events to his cross-country tour in a flatbed truck decorated in the tricolor, his campaign reclaimed patriotism, visually and rhetorically, as a shared national identity rather than a partisan weapon. He gave speeches urging citizens to “take back” their country “step by step, brick by brick,” making clear with both symbols and words that patriotism is not the property of any single party.
Crucially, Magyar has avoided issues that could fracture his diverse coalition. He has largely steered clear of culture-war flashpoints, including the 2025 Pride parade in Budapest, which was banned by Orbán but more widely attended than ever. By staying laser-focused on regime change, anti-corruption and Western orientation, especially toward the European Union and NATO, he has maintained a fragile but expansive alliance across urban and rural divides and across ideological lines.
Many Hungarian voters may not support Magyar enthusiastically — but enough were eager for change that they were willing to support his campaign.
Charm matters
In a media environment where many of us pay more attention to personality than to institutions, values and factsMagyar’s energetic and athletic persona and willingness to show vulnerability at times contrasted with Orbán’s carefully curated and inherently insulated image. Social media does not simply compare ideas; it stages a continuous visual contest of bodies, lifestyles and vitality. Even Orbán’s formidable propaganda apparatus has struggled against a challenger who appeared unscripted and dynamic, which resonated as authentic.
Magyar’s ability to withstand constant propaganda attacks with a small but agile communications team, combining start-up-style social media tactics with large-scale, well-produced public events, further reinforced perceptions of him as a resilient political challenger.
Orbán’s long-standing strategy has been to frame patriotism as the exclusive domain of his political camp — and the left, to its detriment, largely ceded the point.
Even moments that would be vulnerabilities in traditional politics, such as outbursts of anger or bouts of passionate partying, ultimately contributed to his appeal as a flawed but driven figure — a Hungarian determined to bring change to his beloved country. Magyar emerged as a folk hero, set against an entrenched incumbent who appeared overweight, both politically and physically. The contest became, in part, one of masculinity; and here, too, the 45-year-old, more athletic Magyar claimed the advantage — even though 62-year-old Orbán has long cultivated an image as a sports enthusiast, especially in soccer.
As opposition movements across democracies struggle against entrenched populist leaders, Hungary’s election outcome offers cautions and insights. Success may depend less on ideological purity than on strategic adaptability. An electorate’s openness to unconventional figures, especially those who make an effective argument to reclaim patriotism, can allow for the construction of cross-ideological coalitions. Leaders must also project authenticity, particularly on social media. A broad, inclusive coalition united around change may be enough to upend even entrenched incumbents, leaving the harder questions of how to govern for the days that follow.
Julia Sonnevend is a sociology professor and co-director of the Center for the American Experience at The New School in New York City. She is the author of “Charm: How Magnetic Personalities Shape Global Politics.” She grew up in Budapest, Hungary.
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