Jordi Visser

And if you wanna take one side, it's very, very difficult to believe that housing prices are not gonna be impacted.

Meaning I would be surprised if you don't see house prices continue to be a zero inflationary component, if not a negative one, which is what we've been seeing, meaning they've been declining in terms of owner's equivalent rent.

So I just take it as he's continuing with his campaign promise of trying to find a way to help

middle America, people that are suffering out there.

But the reality is it's not going to change the housing market.

It's not going to be some big fix, but I think it's just additive to attempt to get the stimulus going in the way that we have using the tools that he has available to him.

How do you balance those?

So let's go this route.

First of all, mortgage spreads have come in and mortgage rates have come down.

If tenure rates stay around where they are, and let's assume they stay just above 4% for the entire year, and we see short rates go down,

I'm going to bet based on the Fannie Freddie thing of we want you out there buying bonds that his target is to move mortgage a 30 year mortgage below 6%.

If you knock house prices down 3%, if he does some other things to allow the home builders to kind of reduce costs, whatever the case, you're reducing the monthly cost through a mortgage price.

enough to get some increase in housing and that's why i said this is not going to solve the problem and i don't think people are going to worry because the beauty of a house you own it you actually don't know what the price is until you try to sell it so you might see national numbers come across and say house prices are down four percent nobody knows what that means because they don't know what the current value of their house is so i don't think they're going to freak out on it

The housing problem in the near term to me is not going to be an issue, but I do believe if I had to guess,

that even with the stock market going higher, I don't think you're gonna see house price appreciation outside of maybe places that wealthy people try to get something that doesn't go down in value.

But I do think for the majority of people in the country for their house, I do think you're gonna see house prices come down.

Eventually when you get to humanoids, and this is again, five years down the road, this is not this year's business.

Humanoids will start being rolled out this year.

they won't be impacting housing costs until we get into 2030.

But I've said to everyone, I'm like, when you get to the point, you have to think the value of a home.