Trump heads to Davos to talk about affordability
AP News • • business
Key Points:
- President Donald Trump plans to address housing affordability at the World Economic Forum in Davos, a luxury ski town where vacation homes cost millions, highlighting a disconnect between his message and setting.
- Despite campaigning as a populist focused on lowering living costs, Trump's first year in office has seen him prioritize foreign policy and courting billionaires over directly addressing working-class economic concerns.
- Polls indicate that about 60% of U.S. adults believe Trump has worsened the cost of living, with only 16% saying he has significantly helped affordability, reflecting dissatisfaction even among Republicans.
- Trump's housing proposals, such as buying mortgage debt and banning large financial firms from buying homes, may not effectively address the underlying issues of housing shortages and rising prices
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