President Donald Trump says the price of Florida condos could go as high as $160,000 if he’s forced to choose between renting them and buying them.
The president made the comments during a town hall meeting with Palm Beach County commissioners on Tuesday.
Trump made the remarks while discussing his recent tax proposal.
The proposal would create a tax credit to help low-income Floridians buy homes and make it easier for them to refinance their loans at lower interest rates.
Trump’s plan would also allow more people to own homes and get rid of the estate tax.
“I think that’s a pretty good proposal, I would be willing to make that deal.
We’re talking about $200,” Trump said.
“If you can make that offer, I’d be willing and ready to do that.”
Trump’s tax proposal has drawn the ire of both Republicans and Democrats, including Florida Attorney General Pam Bondi.
Bondi said she would seek a court injunction against Trump’s proposed plan.
“The president’s plan is outrageous and will do nothing to solve Florida’s housing crisis,” Bondi tweeted.
Trump has long pushed for the estate taxes and other taxes on wealthy families.
He has said that the federal government should not pay any taxes on the value of real estate that comes to the U.S. from overseas, which he has called a “terrible tax.”
Trump has also advocated for an estate tax that would impose a 20% tax on estates worth more than $10 million, though that would only apply to properties that are in the U: 1,000 acres, $10,000,000 or more.
