Shark Tank's Kevin O'Leary bluntly criticizes mortgage scheme

In a recent statement, Kevin O'Leary, known for his role on Shark Tank, expressed strong criticism of a mortgage scheme during a challenging period for the housing market from July 2024 to June 2025. This timeframe saw a significant shortage of available homes, which limited options for potential buyers. Coupled with mortgage rates averaging 6.69%, many properties became priced beyond the financial reach of average homebuyers. O'Leary's remarks underscore the growing concerns over housing affordability and the need for innovative solutions to address these pressing issues. As the market continues to grapple with these challenges, the implications of O'Leary's critique resonate with a broader audience seeking relief in a strained housing landscape.