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Real estate mogul highlights how Trump can end US housing market ‘madness’
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Real estate mogul highlights how Trump can end US housing market ‘madness’

In the eyes of real estate and private investor Grant Cardone, former President Donald Trump can offer America his “genius” in the business world.

“He’s a great salesman, a great marketer. He knows how to send messages, but he also knows how to get distribution on messaging,” Cardone said Monday morning. on “Varney & Co.”

“In this country, if you want to buy a house, you can’t. If you want to sell a house, you can’t. If you want to get a mortgage, you can’t afford it,” he said. he added. “There is a huge problem today.”

Cardone was one of several influential faces to take the stage at Madison Square Garden on Sunday evening before Trump’s speech to a “capacity” crowd, according to a Trump campaign spokesperson.

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The real estate mogul called blue cities’ high rents, taxes and going prices “insanity,” and spoke with FOX Business’ Stuart Varney about how Trump could potentially ease those pressures.

Grant Cardone on the MSG speech

Grant Cardone has joined Varney & Co. Monday after his speech at former President Trump’s rally at Madison Square Garden. (FOXBusiness)

“It will lower rates. If you don’t lower rates, we have a housing market that won’t move. We’re already at historic lows since 1995,” Cardone said, citing the National Association. real estate agent data showing U.S. Existing Home Sales fell dramatically.

“Could Trump really turn things around completely?” Varney pushed back.

“Absolutely,” Cardone replied. “Because he’s going to put pressure on the Fed… Why don’t we have the lowest interest rates in the world? We should. We have the best country in the world. We have the best economy in the world .Why shouldn’t we have the lowest interest rates anyway?

The co-founder of the 10X brand also criticized the vice president Kamala Harris’ housing planswhich proposes building 3 million new homes over the next four years and offering $25,000 down payment credits to first-time home buyers.

“The reality is she says she wants to build 3 million houses. We have 2 million houses for sale in this country right now, and no one can buy them because they can’t qualify for the mortgage.” , underlined Cardone. “And until rates rise above 4%, there will be no movement in the housing market.”

Also participating in the “Varney” panel, Bahnsen Group chief investment officer and founder David Bahnsen took issue with Cardone’s rhetoric.

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“I don’t want the president to have to do anything with fixed prices. Politicizing monetary policy is not American,” Bahnsen responded.

“There is a middle ground at which sellers are now willing to sell,” the IOC continued. “Markets are supposed to understand that. Not a president or a central bank, in my opinion.”

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