Barry Sternlicht on student loans
From Why Barry Sternlicht Can't Decide Who to Vote for in 2020 Election · · Bloomberg Television
“The student loans should be at one percent it should be the most subsidized loan in the country and because the government gets a tie is they get to get the taxes on their future income if they've made it through college and why do I want them burdened with ten percent loans two hundred thousand dollars of ten percent loans that they're just dying under we're supposed to encourage people to go to college and get a better higher-paying job and then the government's tax them so as a return on investment this system that we've I mean Bank can borrow for free why can't our students.”
On , Barry Sternlicht, Chief Executive Officer & Non-Independent Executive Chairman of the Board at STARWOOD PROPERTY TRUST INC, spoke about student loans during Why Barry Sternlicht Can't Decide Who to Vote for in 2020 Election on Bloomberg Television.
About Barry Sternlicht
Barry Sternlicht, chairman and CEO of Starwood Capital Group, discussed his company's expansion into AI data center infrastructure during an interview at the Milken Institute Global Conference. He said that Starwood has been investing in data centers for five years and is working on its first data center project in Australia, citing activity by hyperscalers in Europe and Asia. Sternlicht noted that development yields and interest rates in Australia are similar to those in the U.S. and described the firm as agnostic about geography. Sternlicht also expressed concern about wealth disparity in the United States, stating that "half the country isn't doing so great" and that this could affect politics, real estate, and taxes. He said Starwood has "shied away from blue states lately because of their propensity to tax businesses and individuals," pointing to higher growth rates in Sun Belt states such as Nashville, Dallas, Atlanta, Raleigh, and Florida. On monetary policy, he argued that if oil prices spike, the Federal Reserve should lower rates to support interest-rate-sensitive parts of the economy like housing.