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It’s one of the best times to buy real estate, Donald Trump, chairman and president of the Trump Organization, said in an interview with CNBC.
“It’s an amazing time to buy,” Trump said. “This is the best time I’ve ever seen to buy both real estate and probably other things. This is one of the great opportunities."
But Trump also said that banks are unwilling to lend money to its customers unless they are willing to consider purchasing foreclosed homes.
“If you want to buy a house, only deal with the bank,” he said. “Go to the bank and take one of the hundreds of thousands of [foreclosed] houses away from them, and they’ll provide the financing."
Trump went on to say that despite the claims by banks, they are not making loans to average customers.
"If you go to a bank and ask for a mortgage because you want to buy a [non-foreclosed] house they won’t give it to you," he said. "The banks are not lending. Despite what they say, the banks are not lending.”
Trump also talked about his newest book, "Think Like A Champion," which highlights his insights on how to succeed in your personal and professional life.
“So many people wanted to talk about what’s going on—the current mess,” he said. “I wrote a book, and a lot of it has to do with fear, handling fear, what to do about fear, and how to put fear to work for you… [the book] has been well received.”
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