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well real estate struggles are real home buyers and sellers alike feeling a massive struggle to close deals or make money and if you need yet another sign of turmoil 45% of us real estate agents are struggling to pay rent on their offices here to react as private Equity Fund manager and real estate investor Grant cardoni welcome Grant so tell me why are real estate um owners and and and agents not able to pay the rent what is going on well because Rachel the the uh fed singlehandedly has killed the housing market the FED will make more renters in this country in the next two years than it has in the last 50 because mortgage applications are at all-time lows uh mortgage mortgages are double what rent is today and it doesnamp;#39;t surprise me that real estate agents are feeling the brunt of this back in June of 22 Jerome pal said that the middle class every day people would disproportionately feel the pain of higher interest rates in his attempt to control inflation he has not controll