Property Tycoon, Powell for the US Housing Crisis



As the US housing market continues to face problems, a real estate magnate, fed chairman Jerome Powell’s fingers to the collapse of the industry.

Cardone CEO Grant Coron, Federal Reserve Chairman Jerome Powell, Monday morning “Maria” claimed “caused the apartment crisis” in Monday.

“He (Jerome Powell) has caused more damage to the middle class and Apartment in this country Any other single or decide made from Washington, DC, “Cardboard stressed.

The real estate specialist criticized the country as “to prevent” the country’s high interest rates.

America’s Housing Crisis: Realtor.com CEO said it was a way to solve it

“Therefore, there are 500,000 homeowners than buyers for these homes. When the reasons go down, prices will have more supply and prices are prices.”

Chase Federal Open Market Committee May meeting, Central Bank, Benchmark announced that the interest rate will not change to 4.25% in the range of 4.25%.

Cardone, Fox Business ‘Jackie Deangelis’ interest rates do not control prices, “he said.

He explained that low prices are “stimulating” and “activities that work in the economy.”

These states see the most cash purchase

“When you do not have a high supply, but there is no need because when the rates are very high, it comes to the prices for buyers (thus) to reach these homes,” the carton said.

The criticism of Real Estate Specialist Powell did not stop there. Cardon, he said inflation fallsFed head kept interest rates.

“If you want the houses to move in this country, we need investors again in investors and need buyers in the market that can get a lower interest rate.”

Carton, the opening of inflation was given to President Donald Trump’s “Hobby, optimism and the assumption of the market opening.

President Donald Trump, Vocal Critic of the Fed SeatHe also called Powel to lower interest rates with a full percentage point.

“Too late ‘is in the Fed!” Trump, truth wrote in a social article. “There is no cut in Europe’s proportions, none of us. Despite Him, our country is doing great. A full point, missile fuel!”

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Fox Work ‘Matthew Kazin and Eric Revell contributed to this report



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