Trump and Harris tackle rising housing costs in America

The rising cost of housing has emerged as a significant issue in the current political landscape, with both former President Donald Trump and Vice President Kamala Harris addressing it in their campaigns. Recent polls indicate that nearly two-thirds of Americans, spanning both major political parties, believe that housing costs are excessively high. This widespread concern has prompted discussions about potential solutions and the role of government in alleviating these financial burdens. In a recent announcement, the Federal Reserve revealed plans to cut interest rates for the first time since the onset of the COVID-19 pandemic. This decision is expected to have a substantial impact on mortgage rates, potentially making home buying more affordable for many Americans. However, the effectiveness of such measures in genuinely reducing housing costs remains a topic of debate among experts. John Saucier from FOX News engaged in a conversation with Al Lord, the Founder and CEO of Lexerd Capital Management, to explore the implications of the Fed's interest rate cuts on the housing market. Lord's insights shed light on how these changes could influence investment strategies in multifamily real estate and the broader market dynamics. Ultimately, the question remains: what concrete actions can a president take to address the escalating housing costs? As both candidates continue to campaign on this pressing issue, the public is eager to see viable solutions that can lead to more affordable housing options across the nation.