Andrew Yang: Trump’s Housing Policies Are Financially Illiterate

Businessman Andrew Yang did not hold back when the conversation on The Iced Coffee Hour podcast turned to housing affordability and Donald Trump‘s proposed solutions. Appearing alongside hosts Graham Stephan and Jack Selby, the former presidential candidate and entrepreneur laid out a clear-eyed critique of policies he described as financially illiterate, while acknowledging the genuine problem they were attempting to address.

Yang opened by grounding the conversation in the numbers. “If the average age of a first-time home buyer was like way too old to make sense, it might have been like 42 or something,” he said. “Well, that’s not cool.”

He connected the housing crisis directly to anxieties about the American dream, noting that young people increasingly feel excluded from what was once a foundational milestone of financial stability.

When the topic of Trump’s proposed 50-year mortgage came up, Yang was unsparing. “50-year mortgage, that didn’t make it, made zero sense,” he said. “I actually put out a tweet making fun of it where I was like, ‘A 50-year mortgage is a good idea. You know what’s an even better idea? A hundred-year mortgage.'”

Host Graham Stephan pointed out that despite the mathematical absurdity of the proposal, online reaction was surprisingly favorable. “Reading the comments, how many comments were for the 50-year mortgage and said, ‘Thank you. Finally, this is a solution. This is exactly what we’ve needed. Finally, big W, Trump.'”

On the 401k withdrawal proposal, Yang was more measured but still skeptical. “That one was a chin scratcher. I was like, how do I feel about this?”

Despite his criticism, Yang acknowledged that Trump was at least attempting to address a real problem. “He’s taking swings at trying to make housing more affordable and we’re seeing what is and is not possible,” he said. “I mean, 50-year mortgage, dumb idea.”

Yang’s preferred solution ran in a different direction entirely. “I’m all for loosening zoning restrictions,” he said, pointing to Austin, Texas, as proof the approach works. “I think Austin has been a real success story where they’ve built and then rents have gone down. It shows that good leadership and policy could actually make a difference.”

He argued that government intervention is frequently the root cause of housing inflation rather than the cure. “The things that are driving the costs in these sectors are often born of the government and policies, and those are the things you want to attack and get to the root of as to why certain costs are going out of control.”

Yang closed by framing the entire housing debate within a longer arc of policy distortion. “The actual problems have been allowed to fester over years and years like when you adopt certain policies and then you come back 30 years later, things have got very distorted. And so when you’re trying to undistort them, some of the solutions, like the things he’s doing, some of them aren’t awesome. But what you would actually need is a time machine.”