Barbara Corcoran says President Trump's new tariffs spell bad news for folks hoping to buy a new home for an affordable price ... especially those who are less advantaged.
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00:00so the Trump tariffs right how would they affect housing a lot of people have
00:05questions about that from your standpoint what do you think the worst
00:07reason the Trump tariffs is all new homes which are built for the less
00:12advantage are going to come to a stand still builders have been killing
00:16themselves to produce them at low rates and now the rates are going to go up on
00:19what they're going to sell them for because people aren't going to be able to afford them
00:22it's going to be terrible the cost of lumber the cost of steel everything's
00:26going up so wait it out it's not getting lost wow okay thank you now we went to
00:32as about LA we had the fires people kind of have moved on you know not thinking
00:37about what's left what are you seeing in LA do you see people rebuilding do you see
00:41people kind of repairing where where is LA right now after the fires there's a lot
00:45of people still waiting to rebuild and they are amazing in that what we have in
00:50LA is a resurgence of optimism everybody has to enhance each other the government
00:55the industry workers volunteers they're all helping to rebuild and there's never
00:59been more optimism than I've ever seen in LA there's a spirit of we can do it
01:03together and that's what came out of the tragedy the only good thing to come out
01:06of the tragedy even though people are waiting are homeless people are optimistic
01:10well how long do you think it'll take to build probably a year and a half two
01:14years three years that's faster than than I expected yeah but the government's
01:17totally cooperating they fast-forwarding everything permits are being issued
01:21everything's happening fast we did but what is amazing is I believe the people's
01:25spirit will stay the line they are very committed to each other and to LA what
01:30about the insurance companies last the insurance companies hurt I heard some
01:34chat about insurance companies not really giving out money or running away from the
01:38problem where are you well there's a problem getting insurance in LA for the last three
01:42years but the insurance companies got the federal government to prove 25% increase so
01:46getting insurance it's not going to be a problem