There’s something ironically apposite about Donald Trump being in charge of a likely 2027 real estate crash.
Also, that businessman-lobbyist for real estate interests, Howard Jarvis, headed the move to cap the property tax via Proposition 13 which has recently seen 100,000 Californians emigrating to Texas where people are doing better under a higher property tax regime.
Then we had Trumpian-like real estate guru, Seymour Durst, design the so-called ‘national debt clock’ in New York which actually accounts for government transfers into the private sector, whilst ignoring repetitive phases of impossible mortgage debt that burst regularly into financial recession and depression.