Billionaire Jeff Greene predicts house prices will soar once rates fall — and warns the US faces a 'downward spiral'

Main Idea: Billionaire real estate developer Jeff Greene says housing prices could jump if interest rates fall, but he also warns that the US economy is heading toward a risky downward spiral because of debt and demographic problems.

Key Points:

• Greene says high mortgage rates are keeping buyers and sellers on the sidelines and holding back a big housing boom.
• He thinks lower rates would push more homes onto the market, which could help first-time buyers even as prices rise.
• Greene says years of government spending, money printing, and low rates have propped up the economy, and he expects recent tax and spending policy to keep growth going for now.
• He warns that rising national debt, higher interest costs, and a shrinking workforce could hurt the country over time.