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The Populist Left and Right Just Bought the Same Housing Policy
white and red wooden house miniature on brown table

The Populist Left and Right Just Bought the Same Housing Policy

At midnight on July 11, the 21st Century ROAD to Housing Act became law without a presidential signature, the largest housing statute since 1990. President Trump refused to sign it, dismissing it as "a big yawn" and holding it hostage to an unrelated voter-identification bill. The timing matters because the price it is meant to address keeps climbing: the median existing home sold for $440,600 in June, roughly 49 percent higher than in 2020. Democrats say Trump snubbed struggling families. Republicans call it a win for homeownership. Both are selling a law that will do far less than either claims.

Start with the provision everyone is talking about. Section 901, titled "Homes are for People, Not Corporations," bars large institutional investors, defined as entities controlling 350 or more single-family homes, from buying additional single-family houses. It is the populist centerpiece, the line that lets a Republican Congress and a Democratic minority both claim they stood up to private equity.

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Person holds a check from the U.S. Treasury Department.

As America debates Social Security and federal spending, older adults face rising costs and financial insecurity. Here's why retirement policy affects every generation.

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We Will All Grow Old Someday

America is debating budgets, taxes, deficits, and spending priorities. Those discussions are necessary. But amid the political arguments, we cannot lose sight of a simple truth: every budget reflects our values.

Nearly every American hopes to grow old. Yet growing old with dignity has become increasingly difficult for many seniors living on fixed incomes. Rising housing costs, groceries, utilities, insurance premiums, and prescription drug expenses continue to strain household budgets. For many older adults, retirement is no longer a season of security but one of constant financial calculation.

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As Trump’s Tariff War With Canada Drags On, This Border Community Suffers Without a Voice

A semitruck drives across the Sault Ste. Marie International Bridge from Canada into the United States.

Emily Iris Elconin/ProPublica

As Trump’s Tariff War With Canada Drags On, This Border Community Suffers Without a Voice

On the northeast edge of Michigan’s Upper Peninsula, nearly 1,100 people gathered in late June for the International Bridge Walk across the long span that links two cities with the same name: Sault Ste. Marie, Michigan, and Sault Ste. Marie, Ontario. Both the sun and the sentiments were bright.

“We don’t like to say there’s a border there, because we’re twin cities. We’re one family, the countries of Canada and the United States,” Don Gerrie, mayor of the Michigan Sault (pronounced “Soo”), told the crowd ahead of the annual walk.

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Empty money in wallet.

What does it mean to be the working poor? Explore the gap between poverty and a living wage, why millions of working Americans struggle, and solutions to reduce economic inequality.

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The Concept of the “Working Poor” Should Be Unacceptable

What does the phrase "working poor" mean? The first point is that you are working; you have a regular job—you aren't working catch as catch can; you are employed. But despite working, you are poor. What does it mean to be poor? It turns out that "poor” means different things depending on what standard you apply.

Some definitions seem rooted in the old institution of the poorhouse, which was a home for paupers. Thus, dictionary.com defines “poor” as having little or no money or other means of support. To me, that’s the definition of being destitute, not poor.

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