"Look, the reality is, if this were to pass, I'll tell you exactly what's going to happen. Rental prices are going to go up because there's less rental inventory. Home prices might also begin to go up because there's less incentive to build houses in bulk, and nothing is going to be done to improve home affordability, even though on paper it's getting a lot of praise. "

"Unfortunately, this next year is going to be extremely difficult, especially for first those with debt. For example, credit cards, auto loans, personal loans, business loans, variable mortgage rates. All of that gets more expensive when rates stay higher for longer. Like, keep in mind that the average American carries thousands of dollars in credit card debt at rates already above 20%. That number is not going down anytime soon. "