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1 year ago

Had a great show tonight! People in the chat even! Here’s what we discussed.

“Beware the ides of March” What is this about? We learn together…
I saw a house currently listed for this weekend, they bought it in 2019 for 225, coming to market at 310, they replaced one bathroom…seriously. I look at this as the destructive effects of inflation.

We went over some tweets, Jeff Weniger and Amy Nixon with the more compelling ones. Weniger states the economy is going into a recession and Amy Nixon wonders how in the world we can have foreclosures in a market with strong jobs numbers and home equity that has risen almost 40% in the past two years. Fair points.

Finally, we had three articles, the first from NBC that talks about absentee owners being a problem in the marketplace. I look at this a little differently, to me, shadow inventory is the most likely issue with absentee ownership and not many are discussing this.

The second article was about problems with home affordability with the high mortgage rates. The weird thing to me is that we could have lower home prices help with affordability…it’s not just high mortgage rates.

Finally, do you like to commute to your office daily? I hated it..made me cry in my 20’s. One CEO agrees with me…kind of cool to see.

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