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7396
Patrick
2026 Jan 23, 8:14pm
Patrick
2026 Jan 23, 8:14pm
Whatever happened to the news that Trump was going to allow 401(k) withdrawals to buy a house?
In a January 23, 2026, press interaction (today's date in your time zone), President Trump publicly distanced himself from the idea, stating he was "not a huge fan" of it. He cited the strong performance of retirement accounts as a reason to preserve those funds rather than encourage withdrawals for housing. Trump's adviser Kevin Hassett had previously suggested the plan as a way to help young buyers, but Trump omitted any mention of 401(k) changes in his recent housing policy executive order, which focused instead on curbing large institutional investors from buying single-family homes and other mortgage support measures.
As a result, the 401(k) withdrawal concept appears to have been shelved or deprioritized, with no formal announcement or implementation.
7397
Glock-n-Load
2026 Jan 23, 8:59pm
Patrick says
It’s so sickening to me that we’re looking to the government to “help”. Too much government, regulations and monopolies and/or corporations have turned our housing market, let alone the entire economy, into a top down managed one.
Whatever happened to the news that Trump was going to allow 401(k) withdrawals to buy a house?
In a January 23, 2026, press interaction (today's date in your time zone), President Trump publicly distanced himself from the idea, stating he was "not a huge fan" of it. He cited the strong performance of retirement accounts as a reason to preserve those funds rather than encourage withdrawals for housing. Trump's adviser Kevin Hassett had previously suggested the plan as a way to help young buyers, but Trump omitted any mention of 401(k) changes in his recent housing policy executive order, which focused instead on curbing large institutional investors from buying single-family homes and other mortgage support measures.
As a result, the 401(k) withdrawal concept appears to have been shelved or deprioritized, with no formal announcement or implementation.
It’s so sickening to me that we’re looking to the government to “help”. Too much government, regulations and monopolies and/or corporations have turned our housing market, let alone the entire economy, into a top down managed one.
7398
HeadSet
2026 Jan 24, 8:22am
HeadSet
2026 Jan 24, 8:22am
Patrick says
Correct. Retirement accounts are for retirement, not to prop up house prices.
He cited the strong performance of retirement accounts as a reason to preserve those funds rather than encourage withdrawals for housing.
Correct. Retirement accounts are for retirement, not to prop up house prices.
7399
FortWayneHatesRealtors
2026 Jan 24, 9:38am
HeadSet says
That’s a good point. What’s next? Ca
R guys get Trumps ear… withdraw to buy a car.
Defeats the whole retirement point.
Patrick says
He cited the strong performance of retirement accounts as a reason to preserve those funds rather than encourage withdrawals for housing.
Correct. Retirement accounts are for retirement, not to prop up house prices.
That’s a good point. What’s next? Ca
R guys get Trumps ear… withdraw to buy a car.
Defeats the whole retirement point.
7400
TheAntiPanicanLearingCenter
2026 Jan 24, 1:24pm
TheAntiPanicanLearingCenter
2026 Jan 24, 1:24pm
Yep, and allowing withdrawals from 401ks isn't going to help those under 40 buy anyway, nor will it impact the market.
The Government is fucked in attempting to control housing prices.
Biden already let any illegal with a pulse get a nothing/almost nothing down minimal documentation loan.
The Government is fucked in attempting to control housing prices.
Biden already let any illegal with a pulse get a nothing/almost nothing down minimal documentation loan.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.