This is one of the best interviews I’ve heard with very interesting data which he was so happy to walk through… great job, pls get Peter Zeihan you guys are good interviewers 😜
The idea that people who purchased in 2020 and 2021 won't face affordability issues is questionable. Many of these people stretched beyond their budget in bidding wars to purchase homes. Now their wages are falling adjusted for inflation and perhaps they could barely make the payment when they first got the mortgage. Now they're really struggling. I personally know of people in these circumstances already and they don't know how they're going to escape short of making significantly more money. Over the last couple years people got caught up in the FOMO and they bought homes. They couldn't afford and I know people think to themselves but the banks weren't giving loans like that. Well, they were approving people at over 40% debt to income ratios and that's quite a challenge for many people to pay in today's inflationary environment. It's not all sunshine and rainbows, especially as a recession looks likely.
This is one of the best interviews I’ve heard with very interesting data which he was so happy to walk through… great job, pls get Peter Zeihan you guys are good interviewers 😜
Where can I find all the charts and info that Jim discussed?
The idea that people who purchased in 2020 and 2021 won't face affordability issues is questionable. Many of these people stretched beyond their budget in bidding wars to purchase homes. Now their wages are falling adjusted for inflation and perhaps they could barely make the payment when they first got the mortgage. Now they're really struggling. I personally know of people in these circumstances already and they don't know how they're going to escape short of making significantly more money. Over the last couple years people got caught up in the FOMO and they bought homes. They couldn't afford and I know people think to themselves but the banks weren't giving loans like that. Well, they were approving people at over 40% debt to income ratios and that's quite a challenge for many people to pay in today's inflationary environment. It's not all sunshine and rainbows, especially as a recession looks likely.
wow......powerful information ....only 1 k views
One of the dudes sounds like he doesn’t know anything. You will know it when you hear it. How does he make 6 figures? Amazin.