Reported 11 months ago
During an interview with Fox News, Kevin O'Leary from Shark Tank expressed skepticism towards the Biden Administration's plan to allocate an additional $100 million for affordable housing, stating that it will result in increased inflation. O'Leary emphasized the importance of addressing the housing market by focusing on interest rates, mortgage rates, and increasing housing supply, suggesting that rate cuts could potentially alleviate some of the challenges currently faced in the housing market.
Source: YAHOO