Opendoor CEO Praises Trump's Housing Policies While Economists Push Back
Get OpenTable Alerts
Weekly insights + SMS alerts
The Case For Trump's Housing Agenda
Opendoor Technologies Inc. (OPEN) CEO Kaz Nejatian thinks President Donald Trump is getting housing policy right. Speaking on The Pomp Podcast with Anthony Pompliano Wednesday, Nejatian didn't hold back his praise.
"I think that President Trump is doing an excellent job," he said, pointing to recent moves like blocking institutional investors from buying up single-family homes.
The heart of Nejatian's argument? Housing used to work for regular people, and it should again. "It should be true that a teacher can buy a home on their salary. It used to be true. It should be true again," he explained.
He sees the problem as layered and complex, not something you can fix with one policy tweak. "The stack of stuff that's in the way of that is very high," Nejatian said, adding that Trump is methodically "one by one attacking it, one by one."
Nejatian was particularly enthusiastic about Trump's $200 billion plan to purchase mortgage-backed securities aimed at pushing interest rates down. He called it "genuinely amazing" and said the effects are already showing up locally.
While generally skeptical of heavy government intervention, Nejatian believes housing deserves special treatment. "We now have the highest share of homes not owned by families and individuals," he noted, calling the current market structure "deeply unfair."
The Skeptics Weigh In
Not everyone shares Nejatian's optimism. Economist Peter Schiff took aim at the mortgage-backed securities plan, arguing it could actually make housing less affordable over time.
Schiff's logic: By making it easier to borrow money, you're essentially enabling buyers to "overpay" for homes, which pushes prices even higher. His prescription is simpler and harsher. "The only solution to the housing affordability crisis is lower home prices," he said.
In other words, making credit cheaper might feel like help, but it could just inflate the bubble further.
How The Market Reacted
Opendoor (OPEN) shares rose 1.41% Wednesday, closing at $6.48, and added another 1.23% in overnight trading. The stock scores well on momentum metrics, showing a favorable long-term price trend.
More News

Microsoft and Stellantis Are Building 100 AI Tools for Your Car. Here's What That Means.
Circle April 20th on your calendar

Schwab's Record Quarter Meets Crypto Rollout, But Stock Takes a Dive

PayPal's Rough Ride: Lawsuits, Scrapped Targets, and a Venmo Bright Spot

A Senator's Magnificent Seven Shopping Spree: Why He's Betting on Microsoft and Nvidia in 2026

Trump's Executive Order 14330: What Wall Street Doesn't Want You to Know

Navitas Semiconductor Stock Surges 13% After Adding Broadcom Veteran to Board

TotalEnergies Stock Jumps on Strong First-Quarter Forecast
Get OpenTable Alerts
Real-time alerts on price moves, news, and trading opportunities.
Join 20,000+ investors. No spam, ever.
Featured Articles
View all news
Microsoft and Stellantis Are Building 100 AI Tools for Your Car. Here's What That Means.

Trump's Executive Order 14330: What Wall Street Doesn't Want You to Know (Ad)

Schwab's Record Quarter Meets Crypto Rollout, But Stock Takes a Dive

PayPal's Rough Ride: Lawsuits, Scrapped Targets, and a Venmo Bright Spot

A Senator's Magnificent Seven Shopping Spree: Why He's Betting on Microsoft and Nvidia in 2026
Mar-a-Lago Bombshell (Ad)

Navitas Semiconductor Stock Surges 13% After Adding Broadcom Veteran to Board





