Interesting graph: In the US, home price to median income level. We’re now past 2008 levels. People are making a dollar for every 7.7 dollars their homes are worth. 

Nathan

https://wire.insiderfinance.io/new-home-sales-are-falling-off-a-cliff-6db43ef945f7

The 16% drop in new home sales in April could foretell a coming recession

New Home Sales are Falling Off a Cliff

Jerome Cody

With interest rates so low until recently, I guess it makes sense the ratio would get stretched. 

I wonder what percentage of new mortgages during that period were variable versus fixed interest? How vulnerable is the group of people who were reaching for higher home values to the increase in rates

With interest rates so low until recently, I guess it makes sense the ratio would get stretched.   I wonder what percentage of new mortgages during that period were variable versus fixed interest? How vulnerable is the group of people who were reaching for higher home values to the increase in rates

Alex

Pretty good summary #Podcasts We ❤️ pain incoming?

https://open.spotify.com/episode/6lUwNhnt0yLYkh3HBJ5ua8?si=Bisdw0TeSWiatGYMv-Y7vw

Podcasts We ❤️

Pretty good summary #Podcasts We ❤️ pain incoming?  https://open.spotify.com/episode/6lUwNhnt0yLYkh3HBJ5ua8?si=Bisdw0TeSWiatGYMv-Y7vw

Listen to this episode from All-In with Chamath, Jason, Sacks & Friedberg on Spotify. (0:00) Adena Hefets breaks down the state of the US housing market in 2022 (16:56) Bestie Q&A with Adena: differen

Nathan

A group of likeminded people in The Most Important Thing are talking about this.