Shark Tank investor Kevin O’Leary and Professional Capital Management founder Anthony Pompliano discuss the impact of Trump’s election victory on the market on The Big Money Show.
Real estate mogul Grant Cardone is celebrating President-elect Trump’s victory over Vice President Kamala Harris, saying he believes Trump’s return to the White House will lead to a significant rate cut by the Federal Reserve.
Mr. Cardone, CEO of Cardone Capital, attended President Trump’s Mar-a-Lago resort election night party all night when the former president was declared the winner of the election. Trump said he would quickly address the housing crisis facing the United States.
President-elect Trump and Cardone Capital CEO Grant Cardone (Grant Cardone/FOX News)
“There’s a massive real estate problem in this country. He knows it,” Cardone told President Trump’s FOX Business in an interview Wednesday.
Dow up 1,000 points with President Trump winning the White House
“The only thing that will solve this problem is for[Trump]to put a lot of pressure on the Fed to lower rates, and I believe he will do that,” Cardone continued. “We believe we will see a historic rate cut within the next 12 months.”


President-elect Trump has vowed to solve America’s housing shortage. (Chip Somodevilla/Getty Images)
Cardone said the rate cut would not only revitalize America’s stagnant housing market, but also alleviate the commercial real estate debt problems facing the country. He argues that mortgage interest rates, currently near 7%, need to be lowered to below 4%.
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The real estate investor, who has a real estate portfolio of more than $5 billion, said that as soon as President Trump returned to the White House in January, Democrats put pressure on the media, saying the U.S. was in recession and unemployment numbers were rising. I predict that they will claim that it is increasing. It’s bad.
Grant Cardone, CEO of Cardone Capital and real estate investor, explains how the economy is driving voters’ attention and why Trump will boost the U.S. market .
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“It’s going to be difficult for him to see these big headlines, but it’s actually going to help him lower interest rates, get a home and solve this commercial problem,” Cardone said. Ta. “So I think Donald is a great fit for the real estate industry. In fact, I think he’s the only one who can solve the problem.”