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🚨FRIEDBERG: "60% of middle class household's net worth is in their home. Only 10% is in owning the S&P 500, index funds, whatever in their retirement accounts.
By creating this American dream around housing and allowing the Federal government to provide loans on housing, we've increased the cost of housing and created ... See more
Autism Capital 🧩x.comOther People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made
amazon.com
You think housing prices will keep going up because you've seen it all your life. But this is a historic anomaly that is likely to reverse soon: Prices might start shrinking in many places.
This thread is the case against investing in housing: https://t.co/nyBxaSxow3
My heart breaks for would-be homeowners priced out of housing markets across the country. We need to do something to bring the price of all houses down, except the house I own and plan to sell for one (or many) million dollars.
People deserve to buy a home at a price they can afford, a price that will somehow also cover my entire initial investment,... See more
People deserve to buy a home at a price they can afford, a price that will somehow also cover my entire initial investment,... See more
Seeing cracks:
I remember in 2007 I was in real estate. All the conferences were full of Bentleys, Lambo's and Range Rovers. The speakers were flashy and living large
By 2010 many of them were losing their houses to foreclosure and selling Monavie (IYKYK)
We saw... See more
Shawn Gorhamx.com
houses—which, to be fair, would be