Ben Carson on hot housing market: ‘Buy now’ before spending bills increase inflation

Ben Carson on hot housing market: ‘Buy now’ before spending bills increase inflation


Former Housing and Urban Development Secretary Ben Carson predicts that the sizzling housing market and its record price increases will not improve if Congress passes proposed massive spending bills that devote trillions to infrastructure and social programs.

“My advice is if you’re going to buy, buy now,” Carson told the Washington Examiner in an interview Wednesday.

“If we pass some of these acts that Congress is talking about right now, these multi-trillion-dollar acts, pumping that kind of money into the economy without a concomitant increase in goods and services is the formula for gigantic increases in inflation,” said Carson, a former surgeon who sought the Republican presidential nomination in 2016 and then became the secretary of housing and urban development under former President Donald Trump. “So you’re going to wind up paying a whole lot more for a house.”

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Home prices saw record-high price increases this year, spurred by factors such as

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