Everybody is worried. Should I buy a house? Should I wait? What's going to happen? Is Powell going to lower the rates today? Quarter of a point, a half a point? What's going to be happening? What can you tell us?

Well, he should lower him more than a half a point. He should lower him two or three hundred basis points. The issue at the Federal Reserve from my-300 basis points. Yes, my view. So, you know, and I think the president has said, too, they're way too high.

But here's the problem that I see, Patrick, is you have a guy that President Trump put in this position, and he's running the Fed into the ground.

He has just completely destroyed the integrity of the Fed.

I'll give you an example.

I criminally referred Lisa Cook, the Federal

Reserve Governor for mortgage fraud. There's credible mortgage fraud, I believe, that she's committed.

In a normal environment, if he didn't hate the president, he would have already have launched

an investigation into Lisa Cook. He already would have potentially said to her, hey, look,

Lisa, it's time that you step down. Now you have a situation where Lisa Cook and the president are going to be going at each other in the Supreme Court, where the president has the right, in my view, to fire her. He did fire her. And so you have this just lack of leadership at the Fed. So, you know, we're doing everything we can at Fannie Mae and Freddie Mac,

but these interest rates have got to come down. We got to get a new Fed chair. I think the president will pick a great new Fed chair, but they've got to come down big time. Okay, so let me read this story for U.S. homeownership dips in 2025 for the first time in nearly a decade. And here's why. This is a New York Post story.

The number of U.S. homeowners fell in

2025. First time in the early decade. The figure has dropped, according to a realty company

Redfin, about 86.9, 19 million Americans belong to a picket fence crowd as of April 1st, down

0.1 percent from 86.28, who owned homes at the same

time, 2024. The United States saw a drop of home ownership in the second quarter of 2016, early 10

years ago from 74.36, from to 74.4. In April, the number 1.1%. Inflation, high interest rate, mortgage rates, and skyrocketing real estate prices have priced a lot of people out of the housing market.

Redfin's head of economic research, Chen Zhao, told the post the key metric had steadily increased each year since then, climbing to 75.41 in 2017, 78.1 in 2018 and so on until now. Over a decade of low mortgage

rates since the 2008 financial crisis had helped people buy homes until recently explained

Chen Jiao, Redfin's head of economic research. That's a lot of sudden changes in 2022.

What do you say to somebody that's sitting there wanting to buy a house? Should I go in and buy house? Wait. What should I do?

I think buying a house is always going to work out in the long term because it's an inflation protected asset in many ways.

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