It'd be helpful to increase the housing supply for interest rates to go down, says Richard LeFrak

Interest Rate & Economy - President Trump suggested the Federal Reserve should lower interest rates following a 3% GDP growth, arguing there's no inflation and it would help people buy or refinance homes [1] - The real estate industry benefits from lower interest rates [2][7] - There's a debate on whether interest rates should be lowered, considering inflation is currently under control [3][4] - The impact of tariffs on inflation remains a mystery, as predicted price increases haven't materialized [5] Real Estate Market - Outside of New York City, rents are down in many places due to overbuilding, especially in the Southeast and Southwest [6] - Lower interest rates would help increase the supply of housing, making it more affordable for consumers [8] - LFrack organization is actively developing in Jersey City (with 20,000 people living there) and Miami (projected 5,000 apartments) [13] - Unlocking 40,000 to 50,000 rent-stabilized apartments could immediately make rents more affordable in New York City [16] Political & Policy - There's discussion about the potential impact of a socialist mayor on New York City, a center of capitalism [14] - Trump's negotiation style involves starting at a high point to make the best deal [11]