Clip
Home Sales and Job Losses in the United States
26:02 - 30:26 (04:23)
The United States is experiencing a step prior to job losses, where people's 401ks are being destroyed, and wages are hit hard by inflation and high food and gas prices, while home sales are holding up historically.
Similar Clips
The recent rate hikes will have an impact on mortgage payments, specifically 30 year fixed mortgage, and the era of free money from taking out equity in homes is coming to an end.
1:27:25 - 1:28:54 (01:29)
Summary
The recent rate hikes will have an impact on mortgage payments, specifically 30 year fixed mortgage, and the era of free money from taking out equity in homes is coming to an end.
ChapterWarning about the long-term effects of taking out credit lines
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Low interest rates combined with higher wages allowed many millennials to purchase their first home.
13:11 - 15:46 (02:35)
Summary
Low interest rates combined with higher wages allowed many millennials to purchase their first home. As a result, there has been an increase in mortgage applications to buy homes, rising 5% week over week and 18% year over year.
ChapterMillennials Buying Homes Due to Low Interest Rates
EpisodeWhy Is It So Hard to Buy a House in America Right Now?
PodcastThe Daily
The cost of capital for debt in the market has risen to 14%, leading to a discussion on mispricing and a potential looming credit crisis.
20:23 - 25:43 (05:19)
Summary
The cost of capital for debt in the market has risen to 14%, leading to a discussion on mispricing and a potential looming credit crisis. While labor participation is low post-pandemic, companies are focusing on maximizing short-term free cash flow which leads to cutting operational expenses and taking on credits, likely leading to a consumer credit bubble.
ChapterThe Credit Markets and Job Openings
EpisodeE80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Federal Reserve Bank raising interest rates is a better indicator of the housing market outlook.
31:44 - 35:06 (03:21)
Summary
The Federal Reserve Bank raising interest rates is a better indicator of the housing market outlook. If interest rates keep going up, mortgage rates will increase and buying a home will be more expensive.
ChapterThe difference between the real estate market and the stock market
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The speaker predicts a massive recession for next year due to the current interest rate increases by the Fed and the high mortgage rates.
1:04:57 - 1:07:01 (02:03)
Summary
The speaker predicts a massive recession for next year due to the current interest rate increases by the Fed and the high mortgage rates. The previous mild technical recession was caused by nominal GDP growth not keeping up with the inflation rate.