Jordi Visser

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.

I mean, I sold a home in New Jersey a few years ago, and I was shocked at the value of the home because I was involved with the building of it versus what people wanted.

They didn't want to

a 10 year old house.

They wanted a new house.

And it didn't matter if the quality of it wasn't as good as the older one, they wanted something new.

And that seemed to be a young, they told me that young people just would rather buy something new.

They care a lot about that side of it.

Oh, okay.

Well, the cost of it will go down with humanoids because labor is a big component of it.