Real estate mogul reveals how Trump can stop ‘madness’ in US housing market

Real estate investor and private equity manager Grant Cardone reflects on his experience attending Trump’s Madison Square Garden rally and how a second administration will boost US markets.

Former President Donald Trump could offer America a “genius” in the business world, according to real estate and private equity investor Grant Cardone.

“He’s a great salesman, a great marketer. He knows how to deliver a message, but he also knows how to get the message out there,” Cardone said Monday morning. to “Varney and Co.”

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

Cardone was one of many influencers who took the stage at Madison Square Garden Sunday night before Trump addressed the packed crowd, according to a Trump campaign official.

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

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

“He will lower rates. If you don’t cut rates, we’ll have a housing market that won’t move. We are already at record low levels dating back to 1995,” Cardone said, quoting the National Association. realtor data showing Sales of existing homes in the USA fell sharply.

“Can Trump really turn things around?” Varney pushed away.

“Absolutely,” Cardone responded. “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. Do we have the lowest interest rates? Either way, we’re mass producing money.”

Private equity fund manager Grant Cardone explains why New York is not a safe place to invest with Varney & Co.

The co-founder of the 10X brand also criticized the vice president Kamala Harris’s housing planswhich proposes building 3 million new homes over the next four years and providing a $25,000 down payment loan for first-time homebuyers.

“The reality is that she says she wants to build 3 million houses. There are 2 million homes for sale in this country today and no one can buy them because they can’t qualify for a mortgage,” Cardone said. “And until rates go above 4%, there won’t be any movement in the housing market.”

Also taking part in the Varney panel, Bahnsen Group chief investment officer and founder David Bahnsen countered Cardone’s rhetoric.

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Madison Ventures+ Managing Director Mitch Rochelle examines the real estate market’s “election jitters” and the impact of Harris’ proposed $25,000 down payment loan for first-time homebuyers.

“I don’t want the president to have anything to do. with setting rates. Politicizing monetary policy is not the American way,” Bahnsen reacted.

“There is a middle ground where sellers are now ready to sell,” the CIO continued. “The markets need to understand this. In my opinion, not the president and not the central bank.”

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