The first presidential debate had barely started and already Republican candidate Donald Trump and Democratic candidate Hillary Clinton lost their cool. An adult conversation was out of the question.
What's that saying? Listen 80% of the time and talk 20% of the time. This debate did not reflect that.
They did, however, have one thing in common: They barely mentioned housing. Trump mentioned the housing market at the beginning of the debate, but did not stay on the topic long.
— JacobGaffney (@JacobGaffney) September 27, 2016
In fact, what was said about housing didn’t make much sense, as this tweet from Trulia Chief Economist Ralph McLaughlin shows:
How could we have the worst recovery since the Great Depression but also be in a bubble?— Ralph B. McLaughlin (@TruliaRalph) September 27, 2016
This comes as no surprise, and follows the theme of both candidates’ campaigns: neither one has focused on housing before this point.
Trump did say, however, that he would lift regulations that he said are killing businesses.
And in other news, Trump accused Janet Yellen, Federal Reserve System chair of the Board of Governors, of not raising rates in order to help Clinton get elected to office.
At the September Federal Open Market Committee meeting, Yellen explained, “Our decision does not reflect a lack of confidence in the economy.”
She explained the Fed preferred to take a more cautious approach to see if current growth would continue.
Aside from those few statements, however, both candidates proved once again that housing is not at the top of their priority list.
As for the rest of the debate? This tweet from former HousingWire CEO Paul Jackson about sums it up:
I have a headache.— Paul Jackson (@pjackson) September 27, 2016