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J. D. Vance: “The average mortgage interest rate is somewhere around 7%.”

Featuring: J. D. Vance, Republican | Vice President of the United States | National

Sen. JD Vance _ The Tim Dillon Show #414

Published October 26, 2024 | Video Starts at 1:10:04

So part of the reason BlackRock has been able to buy all these homes is you ask, well, what is blackrock borrowing at? Right. What rate are they borrowing at? Because the average American right now, I think The average mortgage interest rate is somewhere around 7%. Now. Okay, BlackRock's borrowing at like 1.5, 2.5%. Right. So if they're paying a much lower cost for bought for debt than the average American, then they have a huge advantage. (1:10:04–1:10:07)

CLAIM

Asserts that the average mortgage interest rate is approximately 7%.

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.

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J. D. Vance

“I ran for Senate once before in my life a couple years ago.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 00:45-00:49
“We won, obviously, or I wouldn't be here.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 00:48-00:51
“I was, like, very frustrated with the policies of Kamala Harris and of Joe Biden.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 04:09-04:14
“We can be pissed off about the policies of Kamala Harris and we should be, frankly, because she's a disaster.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 05:14-05:19
“The thing that's different about the Trump rallies versus the Kamala Harris rallies is the fake joy of the Kamala Harris rallies.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 06:05-06:15
“Most of the wars that we fought over the last 40 years have been a total disaster for the American people.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 18:52-18:57
“Massive investment in what I would call shipping our industrial base to countries like China and Mexico, which has eviscerated the American…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 19:05-19:14
“Every political party has tried to make it easier to bring more and more people into the United States of America.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 19:23-19:30
“The American people have consistently been out of step with their leadership [on immigration, trade, and foreign policy].”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 19:34-19:38
“The military industrial complex has its own self-fulfilling momentum.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 20:21-20:25
“America was the only superpower.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 21:22-21:25
“Now we're still the lone superpower. But other countries are catching up.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 21:26-21:32
“China is 32% of global manufacturing GDP. We're 18% of global manufacturing GDP.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 22:28-22:36
“We had 22 intelligence agencies.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 23:15-23:17
“Donald Trump and I really do want to, like, make the federal bureaucracy smaller.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 26:53-27:00
“There was a Wall Street Journal story about how the Chinese had hacked into the Verizon and AT&T networks.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 27:16-27:25
“Part of the infrastructure that they hacked into was built on top of surveillance systems that were implemented in 2001.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 27:29-27:38
“Your tax dollars. My tax dollars were funding programs in a country where a lot of people didn't have running water. Yeah, we're funding…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 29:53-30:07
“Not only that, but they want us to use tax dollars to try to force other countries to follow this ridiculous pathway.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 30:44-30:50
“And right now we have pharma companies making billions of dollars off of cross sex hormones for children.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 31:07-31:14
“Nobody on the left is like, huh, that's kind of weird that the very people who are getting rich off of this are also lobbying the American…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 31:14-31:26
“I came out in support of banning gender transition for minors during my Senate campaign.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 32:32-32:38
“She said the hormonal therapy for minors is totally reversible. Right. So the way they sell this is it just delays puberty. But then if…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 32:44-33:01
“Like kids have permanent sexual dysfunction. Permanent like serious health problems when they take this stuff which is totally predictable.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 33:22-33:30
“If you look at both black and white Americans, they say that race relations are worse now than they were 20 years ago.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 40:51-40:57
“We've run this experiment now for 20 years. It's bullshit. It didn't work. It's made people hate each other.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 41:10-41:17
“Israel has the right to defend itself, but America's interest is sometimes going to be distinct.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 42:22-42:29
“Our interest, I think very much is in not going to war with Iran.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 42:33-42:37
“The Iranians funded part of [the October 7 attack].”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 43:30-43:33
“Nuclear proliferation is just a bad idea.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 43:46-43:50
“The Abraham Accords [are] Israel entering into an alliance with Gulf Arab states.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 44:25-44:30
“Israelis, Gulf Arab states don't like Iran. So let the Israelis and the Gulf Arab states provide the counterbalance to Iran.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 44:42-44:51
“Taiwan makes so much of the computer chips, right, which is such a driver of all economic growth.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 46:00-46:07
“If the Chinese took over Taiwan, it would be really bad for us.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 46:06-46:10
“The Trump campaign had requested additional resources, and those resource requests were very often denied.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 47:30-47:38
“Somebody clearly screwed up [regarding the assassination attempt on Donald Trump].”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 49:00-49:09
“None of them have lost their security clearance. Right. Despite participating in a massive hoax.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 50:17-50:22
“I firmly believe, and I've seen independent analysis that suggests this, that if the American people had known the full truth about the…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 50:22-50:43
“There's sure as hell evidence that our intelligence community conspired with big tech to literally control the flow of information in the…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 50:52-51:02
“The leading generals in our country were lying to Donald Trump about troop redeployments in Syria so that they could say that we were…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 51:18-51:30
“You had generals in particular, Mark Milley, the Joint Chiefs of Staff chairman, lying to Donald Trump.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 51:45-51:53
“You start with the most hardened criminals, about 425,000 violent illegal alien criminals.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 54:10-54:16
“There's a lot of Social Security fraud that happens in our country.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 54:43-54:47
“One of the biggest and most pernicious effects of illegal immigration, of Kamala Harris's open border, is it means that millions and…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 55:27-55:37
“If our share of manufacturing GDP goes from 18% to 10%, then the lawyers and the bankers are gonna realize they don't have good jobs either.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 55:36-55:44
“The nanny is receiving welfare benefits from American taxpayers.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 57:26-57:32
“Americans won't build houses. And it's actually a totally reasonable argument if you think about it, because in the 1960s when we had low…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 58:47-58:59
“The solution to that problem is to raise wages for working people to get more of them into the labor force and not to constantly import this…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 59:13-59:22
“If you have a permanent class of low wage serfs, many of whom don't even speak English, that destroys the citizenship ethos that makes our…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 59:48-1:00:00
“You live seven years longer for having gone to college in the United States of America.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:01:46-1:01:52
“Globalization. It's been very good for rich people in rich countries and it's been very good for poor people in poor countries. It's been…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:01:53-1:02:06
“When my steel mill, the steel mill that employed my grandfather for 40 years, when it went from 10,000 jobs to 1800 jobs.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:02:15-1:02:24
“The criticism of the Federal Reserve that makes the most sense to me is that it gives massive corporations a lower cost of money than the…”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:09:44-1:09:55
“Part of the reason BlackRock has been able to buy all these homes is you ask, well, what is BlackRock borrowing at?”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:09:55-1:10:01
“BlackRock's borrowing at like 1.5, 2.5%.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:10:08-1:10:12
“Material living standards in this country have been stagnating for many years.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:11:51-1:11:55
“Ordinary Americans are paying the same amount for debt as the big guys.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:12:22-1:12:28
“We have a set of economic policies that are turning our generation... into permanent paupers, permanent renters.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:13:18-1:13:35
“Did American diplomacy actually create conflict instead of diffusing Conflict, in my view, it did.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:15:36-1:15:45
“Germany could field between 0 and 1 mechanized brigades.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:17:23-1:17:28
“I don't want America to be the policeman of the world.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:18:04-1:18:07
“I think we should basically ban foreign asset purchases of American land.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:21:34-1:21:39
“The only way to build a sustainable middle class is to have a viable manufacturing economy.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:24:41-1:24:48
“The Google antitrust lawsuit that's moving through the courts right now was actually started under Donald Trump's administration.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:26:20-1:26:26
“I think you have to break these companies up. I think they're too big. They become monopolists.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:26:26-1:26:32
“They became too powerful thanks to government privileges.”
Sen. JD Vance _ The Tim Dillon Show #414 | Uploaded October 26, 2024 | 1:26:32-1:26:36