In a recent interview with Maria Bartiromo on Fox Business, real estate mogul Grant Cardone discussed the potential impact of a Kamala Harris presidency on property owners, particularly in states like Florida and Texas. According to Cardone, these states could see significant benefits because of their pro-homeowner policies, in contrast to the stricter regulations and higher taxes he associates with Vice President Harris.
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Cardone pointed out that if Harris wins, states with strict rules and regulations could face even more problems for homeowners. He expects Harris to continue with policies that raise taxes and add more regulations. “She’s going to continue to do what she’s done her whole career, which is more regulations, higher taxes and allow homeowners to be penalized for owning property,” Cardone said. However, there’s no evidence to support his claims.
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Under her perceived future policies, states like Florida and Texas, which have more favorable business climates and better protections for homeowners, could see a large increase in investment and new residents.
He believes that apartment complexes in America are the best investment for the next 10, 20 and 30 years and that people should avoid the “blue states” because of the heavy regulations and “taxes that go up overnight.”
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“Housing cannot be fixed in this country, no matter what anybody does. There is no such thing as affordable housing. Every major city, San Francisco, New York, Chicago, all those cities that talk about affordable housing … housing has become less affordable,” Cardone said, highlighting the gap between mortgages and rent.
While Grant Cardone argues that states like Florida and Texas could benefit if Harris is elected, others point out that states with stricter regulations, often called “blue states,” have their own advantages. These states tend to invest more in public services, infrastructure and social programs, which can lead to higher quality of life and more stable growth in the long run.
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It’s true that Donald Trump cut taxes and reduced regulations during his presidency, which many say benefited homeowners, businesses, and the wealthy, but also added $1.9 trillion to the U.S. national debt. In 2017, Trump signed the Tax Cuts and Jobs Act, which lowered the corporate tax rate from 35% to 21% and reduced income taxes for many Americans.
Cardone’s argument is based on the idea that Florida and Texas will remain attractive because of their business-friendly environments. However, with more homes already available and prices stabilizing or even falling in some areas, these markets are no longer as popular as they once were. While these states can still attract new residents and investors, the quick gains Cardone expects may not be as easy to achieve because of the cooling housing market.
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This article Florida and Texas could reap huge benefits if Harris wins, says Grant Cardone. ‘They’re protecting the property owner’ originally appeared on Benzinga.com
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