… HUD accountable, and provide sticks and carrots to local communities to lower the cost of housing in this country. Housing prices since the pandemic have skyrocketed. And along with that, We've had high interest rates as the Fed has responded to Joe Biden's 40 year high in inflation. High interest rates, high costs have really burdened a lot of our families to where the average young person trying to buy a home today is 40. (13:11–13:19)
CLAIM
Asserts that high interest rates are a response to inflation levels not seen in 40 years under Joe Biden.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
