Steve Moore: Biden-Harris ‘Spending Spree’ Caused Housing Crisis with ‘Massive Inflation and Much Higher Interest Rates’

RUSH TRANSCRIPT:
Scott: “One thought I had, her economic plan, she laid it out and said housing prices are too high. Well, if you let 10 or 12 million people just kind of walk into the country, what does that do to housing prices, Steve?”
MOORE: “Right. And here’s the other thing that happened that she refuses to talk about. The major reason that people having a hard time buying a home right now or finding a home to rent is because the mortgage rates have doubled. You know, when Trump left office, we had 3% mortgage rates. I think a lot of viewers will remember that. And now the mortgage rates depending on where you live are 6.5-7%. So I did the numbers, Jon. That means that if you, for a young person who wants to buy a new home, let’s say a young couple with one or two kids, their mortgage payments over 30 years are going to be twice as high as they were when Trump was president. So, in other words, what caused this housing crisis, in my opinion, was the massive Biden and Harris spending spree which led to massive inflation and much higher interest rates.”