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Kennedy Jr. Planning to Issue New Class of Mortgages to Tackle Skyrocketing House Prices
Kennedy Jr. Planning to Issue New Class of Mortgages to Tackle Skyrocketing House Prices
Sputnik International
Independent candidate for US President Robert F. Kennedy Jr said on Sunday that he plans to issue new mortgage types to lower costs for first time buyers and tackle companies like Blackrock
2023-10-16T03:06+0000
2023-10-16T03:06+0000
2023-12-05T09:22+0000
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In the past two years, house prices in the United States have increased from $215,000 to $400,000. At the same time, the mortgages grew from 3% to 7%, while American young adults were busy repaying their college loans. He noted that companies like BlackRock compete with American youth because, thanks to its perfect credit score, the company ended up paying 30% less in real estate prices, while young people who have no or poor credit history, end up paying high fees. Kennedy also spoke about other issues, such as the climate, mental illness, and homelessness, and touched upon Israel and Gaza. Kennedy would like to continue helping Israel because "if Israel were to disappear, if accurate, would be filled by the Chinese and Russians, who would then control 90% of the globe," the candidate said. This would be dangerous for the US and world’s security interests, he explained. Kennedy is a presidential candidate for the 2024 race who decided to run independently of the two major parties - the Republicans and Democrats. Kennedy explained that there is a "rising tide of discontent" in the US, wanting to make a "new declaration of independence" — from corporations, the media, and the two major political parties.
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robert f kennedy, home prices, mortgage prices, how to get the cost of housing down, rfk jr. campaign
robert f kennedy, home prices, mortgage prices, how to get the cost of housing down, rfk jr. campaign
Kennedy Jr. Planning to Issue New Class of Mortgages to Tackle Skyrocketing House Prices
03:06 GMT 16.10.2023 (Updated: 09:22 GMT 05.12.2023) KNOXVILLE, Tennessee (Sputnik) Lenka White - Presidential candidate Robert F. Kennedy Jr. said on Sunday that he plans to issue new types of mortgages to deal with skyrocketing house prices that American citizens cannot afford.
In the past two years, house prices in the United States have increased from $215,000 to $400,000. At the same time, the mortgages grew from 3% to 7%, while American young adults were busy repaying their college loans.
"First of all, I'm going to work on changing the tax code to make it less advantageous for those companies to own 10,000 homes … I'm going to issue a new class of mortgages at 3% interest, and I'm going to do this without driving up the budget and the way so that American individuals who want to get into the single-family homes can get one of these special mortgages," Kennedy told the audience during his "Independent Tour" in Tennessee.
He noted that companies like BlackRock compete with American youth because, thanks to its perfect credit score, the company ended up paying 30% less in real estate prices, while young people who have no or poor credit history, end up paying high fees.
Kennedy also spoke about other issues, such as the climate, mental illness, and homelessness, and touched upon Israel and Gaza.
Kennedy would like to continue helping Israel because "if Israel were to disappear, if accurate, would be filled by the Chinese and Russians, who would then control 90% of the globe," the candidate said.
This would be dangerous for the US and world’s security interests, he explained.
Kennedy is a presidential candidate for the 2024 race who decided to run independently of the two major parties - the Republicans and Democrats. Kennedy explained that there is a "rising tide of discontent" in the US, wanting to make a "new declaration of independence" — from corporations, the media, and the two major political parties.
