Discussion on Interest Rates and Housing

body, maybe anywhere. It's all about the interest rate. Lower the interest rates, you can have

all the housing you want. But you have to understand, I don't want to hurt people that

own houses too. These people, for the first time in their lives, they have valuable houses.

They become rich. I don't want to hurt them either. What you want to do is, what's good

for everyone? Get the interest rates down. We have this numbskull that was the head of

the Fed before, and he's a stupid person. And we call him too late because he was too

late with the interest rates all the time. We need low interest rates. Low interest rates

will solve everything. We'll solve that. Now, despite that, we're doing well with housing.

But where we're really doing well is oil is plummeting and costs are coming down.