How Trump’s One Big Beautiful Bill will affect US housing market

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1. President Donald Trump’s One Big Beautiful Bill Act, which House Republicans narrowly passed on Thursday, is likely to help high-end buyers in the U.S. housing market while doing little for lower-income renters and potential first-time buyers, experts have said.

   The House passed the sweeping bill, which extends tax cuts and slashes the U.S.’s social security net programs, with a 218-214 vote—with all Democrats voting against it and all but two Republicans supporting it.

   The bill has been strongly contested over the past few weeks, exposing rifts within the GOP. Its approval marks a significant win for the president, who told reporters on Thursday that the legislation would “make this country into a rocket ship.”

   “This is going to be a great bill for the country,” Trump said. The president is expected to sign the bill into law on July 4.

2. Remember that Harris had a proposal to promote affordable housing for regular (non-rich) people.

3. Please see my law review article: “The Need to Prepare for the After-effects of a Default on the United States’ National Debt: The Legal Repercussions and Use of the Military Services during this Period”: [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5073309](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5073309)

   Dr. Donald D.A. Schaefer

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