Housing is probably the most important issue in terms of building wealth and poor communities.

If you have a house, you can get a loan and you can build a business.

If you don't have a house, you have no access to capital.

Two years ago, the average cost of a house in this

country was $215,000. Today is $400,000. Why did the price of housing go

up? Well one because of the inflation because we spent $8 dollars on wars and sixteen trillion on COVID which we didn't have

Though they print money which caused the price for everything to go up more importantly there's three giant corporations

Black Rock, State Street, and Vanguard.

They also own 89% of the S&B 500.

They've now decided to buy every single family home in America. If they stay on the current trajectory,

they will own 60% of the homes in this country, single family homes by 2030.

You all probably have heard of people who are about to buy a home and somebody comes in with at the last minute with a cash offer and

Stashes out at the market right and it's usually an LLC with an ambiguous name

But if you trace that up you'll find it's

owned by Black Rock and because they have a huge bank book that the cost of money

and interest in them is tiny which means they can out compete your children.

Well your kids do not have a chance to buy that home because they can't out compete Black Rock.

Let me tell you what I'm going to do. One thing I'm going to try to change the tax code and make it unprofitable for those companies

to compete against your children for housing. Number two, I'm going to make a mortgage

available to Americans at 3% interest and I'm going to do that without raising the debt and the way I'm going to do it if you have a rich uncle

who will co-sign your mortgage you can get a very cheap mortgage because the bank is basing interest rates on his credit score

rather than yours. Well I'm going to give everybody a rich uncle. I'm going to say

...