R
eal estate billionaire Jeff Greene expects a significant boost in house prices if interest rates fall. He believes the US economy appears solid but is on a precarious path due to rising national debt and unsustainable deficit spending. Greene thinks that prospective home buyers and sellers are waiting for interest rates to decrease, which would lead to a "huge boom" in housing prices.

    Greene attributes the current state of the housing market to high interest rates, which have increased significantly over the past four years. He notes that a reduction in rates would likely result in more houses being put on the market as homeowners who took out long-term mortgages at low rates would be willing to refinance and move home. This increased supply could help first-time buyers get onto the housing ladder.

    Greene also expressed concerns about the US economy's reliance on government stimulus, including quantitative easing, low interest rates, and federal spending. He believes that these measures have underpinned economic growth for decades but are unsustainable in the long term. Greene warned that the rising national debt and growing interest costs will eventually lead to a "downward spiral" of economic challenges.

    Greene also discussed President Donald Trump's recent policies, stating that they may help stave off an economic slowdown but ultimately mask underlying issues. He expressed concerns about the impact of tariffs on the economy and the need for a more sustainable approach to address demographic challenges, such as an ageing population and increasing reliance on Social Security.