HL EXCLUSIVE: Kevin Oleary outside PaleyFest

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Transcript

00:00Kev real quick. What's up buddy? Good to see you my friend. Kev, business advice,

00:06people are looking to buy homes but it's hard. The market's crazy but what do you

00:09see that it's changing the next year? I think mortgage rates are going to be 8

00:13to 9 percent. People will adjust. Never spend more than a third of your after-tax

00:18income on a mortgage. That's the rule. So you're going to get a smaller house by

00:21about 20 percent. But what do you think about these huge corporations buying

00:24these real estate so the average buyer can't really, they can't afford these

00:28homes right now. Markets are going to be markets but there's always going to be a

00:31buyer of an individual home. Corporations buy real estate so they can sell it to

00:34people. If they make it too expensive they won't sell them. The market's

00:38pretty good at sussing this out. It's just that remember for 50 years mortgage rates

00:42were well north of 5 percent and now they're going back to where they were

00:46for 50 years. It's not that crazy. Yeah, last thing. Everyone's

00:51pitching on stuff but what's the one thing that people always pitch you on?

00:55That you're like, guys I get pitched on this all the time. The most pitched thing.

00:58Hot sauce. Really? I don't want to see any more hot sauce deals.

01:01Good to see you brother.