Grant Cardone: Donald Trump Can Solve ‘Massive Problem’ In The Housing Market, Advocates Financial Literacy Over 401(k)s
Grant Cardone, CEO of Cardone Capital and an upcoming speaker at the Benzinga Future of Digital Assets event, expressed confidence in former President Donald Trump‘s ability to resolve America’s deepening real estate crisis if he returns to office.
What Happened: In an interview with Fox Business on Monday, Cardone highlighted what he sees as a dire situation in today’s housing market, plagued by high mortgage rates and limited affordability.
According to Cardone, the housing market is experiencing a “massive problem,” with the highest home prices and rental rates found in large, Democratic-leaning cities.
He emphasized the rising barriers to home ownership, saying, “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.”
Cardone believes that Trump’s approach would likely involve exerting pressure on the Federal Reserve to reduce interest rates, thereby revitalizing housing transactions.
“He did it last time,” Cardone said, arguing that Trump’s approach would catalyze mortgage affordability and increase homeownership.
Cardone’s comments come amid recent criticism he’s voiced about Vice President Kamala Harris’s outreach to the cryptocurrency community, a move he considers politically motivated without substantive support for the industry.
“Harris has had no shift toward the crypto industry,” Cardone said, framing …
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