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Elizabeth Warren: “It will drive up costs sellers. It will drive up costs for…”

Featuring: Elizabeth Warren, Democratic | U.S. Senate, Massachusetts

FULL REMARKS: Elizabeth Warren Issues Blunt Message To The Democratic Party About Its Future

Published January 12, 2026 | Video Starts at 47:51

The two biggest outfits in real estate just merged with each other. You know what the consequence of that will be? Just like it is with any of these giant mergers. It will drive up costs. It will drive up costs sellers. It will drive up costs for buyers. And the consequence is it just makes housing more expensive and more out of reach. So, look, Donald Trump identifies this piece or that piece he'd like to do. (47:51–47:56)

CLAIM

Asserts that the merger will increase costs for sellers and buyers.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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“Home mortgage foreclosures are up 21% since Donald Trump took office.”
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“Most estimates are that we're about 3 million housing units short of what we need in America.”
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“The Trump administration just signed off on the biggest merger in the real estate industry in history.”
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“President Trump's tariffs are driving up costs for families.”
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“Millions of Americans have lost their health insurance so that Republicans could fund tax breaks for rich people.”
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“He [Donald Trump] not only has failed in both of those, he has actually made life worse.”
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“Trump is trying to push out the chairman of the Federal Reserve Board and complete his corrupt takeover of America's central bank.”
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“Democrats lost power because we were too progressive for a lot of powerful people, wealthy people from Wall Street, Silicon Valley and…”
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“A Democratic Party that worries more about offending big donors than delivering for working people is a party doomed to fail in 2026, 2028…”
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“The top 1/10 of 1% of the economic ladder doesn't have a lot of votes.”
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“There is a different and frankly, much larger group of extremely wealthy people trying to influence policy.”
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“These people push Democrats to embrace candidates who will slow walk popular economic policies.”
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“They lobby for deregulation and special tax breaks that will pad their own bottom lines.”
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“They promote making big time corporate lawyers federal judges.”
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“They pressure presidents to appoint tepid leaders at regulatory agencies.”
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“Rich people can fund super PACs to prop up political campaigns for their chosen candidates.”
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“The slew of white collar pardons issued in recent months by President Trump reflects the same the rules only apply to someone else mentality…”
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“Democrats need to earn trust. Long term durable trust across the electorate.”
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“Democrats weren't always just the default option when the other guys were worse.”
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“We can't win unless we rebuild trust.”
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“For years I fought for a simple free government tax filing system so nobody has to pay a couple hundred bucks just to file their taxes.”
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“The giant tax prep companies have thrown up roadblocks to stop [a free government tax filing system].”
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“When the IRS finally built a free and wildly popular filing option for American taxpayers, the tax prep companies swooped in to kill it the…”
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“One of my favorite legislative achievements in the Senate is a bipartisan law I got enacted to cut the price of hearing aids by thousands of…”
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“Even after we got it signed into law, it failed, faced years of delay, and nearly died because hearing aid manufacturers mobilized to…”
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“The defense industry [is] blocking legislation that would have guaranteed our military the right to repair their own equipment.”
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“Reid Hoffman, one of the biggest donors in the Democratic Party, according to the New York Times.”
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“He's the same billionaire who donated $7 million to supporting Kamala Harris and then spent much of the campaign publicly pressuring her to…”
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“Harris proclaimed that she would address high costs facing families by putting in place tough corporate price gouging laws.”
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“According to the New York Times, she narrowed those proposals after a quote, corporate allies of the campaign badgered her into doing so.”
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“Building more affordable homes and cracking down on corporate landlords.”
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“Increasing the size of Social Security checks.”
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“Providing universal child care.”
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“Passing price gouging laws with real teeth.”
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“Strengthening unions.”
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“Building universal health care.”
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“Taxing the wealthy and giant corporations.”
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“Increasing the minimum wage.”
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“We refused to rubber stamp Trump's budget unless he rolled back his health care cuts.”
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“Public polling shows that voters supported us putting up a real fight to actually lower their costs.”
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“Donald Trump is doing his best to run America, to work even better for a handful of billionaires, a handful of oil executives, a handful of…”
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“That bill passed the United States Senate unanimously.”
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“He's made it clear by threatening to fire Jerome Powell.”
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“He's made it clear by threatening to fire Lisa Cook, another Federal Reserve governor.”
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“He's made it clear by issuing a statement that says he's not going to nominate anybody to the Fed as chair who doesn't agree with him all of…”
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