They'll tell you by the federal government walking in and plopping down $25,000, you've just increased the cost of housing by about $25,000. It doesn't work. The number one reason people can't afford homes, including in my own family, is interest rates. So people who want to go move up in a house can't do it because they're at a 3%. And by the way, they're not going out to pay 7 or 8% on a house. (22:50–22:58)
CLAIM
Asserts that high interest rates are the primary barrier to home affordability.
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