Real estate investor and private equity manager Grant Cardone reflected on his experience at President Trump’s Madison Square Garden rally and how a second administration could boost the U.S. market.
In the eyes of real estate and private equity investor Grant Cardone, former President Donald Trump could offer America his “genius” in the business world.
“He’s a great salesman, he’s a great marketer. He knows how to message, but he also knows how to get spread with messaging,” Cardone said Monday morning. Varney and Company”.
“In this country, even if you want to buy a house, you can’t buy it. Even if you want to sell it, you can’t buy it. Even if you want to take out a mortgage, you can’t afford it,” he added. “We have a big problem today.”
A number of people who took to the stage at Madison Square Garden on Sunday night ahead of President Trump’s speech, according to a Trump campaign spokesperson, said: He was one of the most influential people.
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Grant Cardone joins Varney & Company on Monday after former President Trump’s speech at the Madison Square Garden rally. (FOX Business)
“He’s going to lower interest rates. If you don’t lower interest rates, the housing market won’t move. It’s already at an all-time low since 1995,” Cardon said, citing the National Association. Ta. Data from real estate agents shows that existing home sales in the U.S. have fallen dramatically.
“Could Trump really change things completely?” Varney pushed back.
“That’s right,” Cardon 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 lowest interest rates in the world. We have the best economy in the world. Why shouldn’t we? We’re just producing a lot of money. ”
Private equity fund manager Grant Cardone explains why New York City is not a safe place to invest in Varney & Company.
The 10X brand co-founder also proposed building 3 million new homes over the next four years and offering $25,000 down payment credits to first-time homebuyers, Vice President Kamala Harris said. criticized the housing plan.
“The reality is, she says she wants to build 3 million homes. There are 2 million homes for sale in this country right now, but no one can buy them because they can’t qualify for a mortgage. ” Cardone pointed out. “And until interest rates break above 4%, there won’t be any movement in the housing market.”
David Bahnsen, chief investment officer and founder of Bahnsen Group, who was also on the Varney panel, pushed back against Cardone’s rhetoric.
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Bahnsen responded, “I don’t want the president to have any involvement in setting interest rates. It’s un-American to politicize monetary policy.”
The CIO continued, “We’ve created a happy medium where sellers want to actively sell.” “It’s up to the market to figure that out. In my opinion, not the president or the central bank.”
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