With mortgage rates at 7%, a lot of people cannot buy homes. Also, as Carol mentioned, existing homes aren't coming on the market and they're forced to either remain renters or go back into the rental market. So what's driving rents higher? I mean, here in New York, the rent is just too damn high.
Bloomberg News Wall Street Reporter Sonali Basak talks about her interviews with Boaz Weinstein, Ida Liu and David Rubenstein about the next big risk for investors. Carvana CEO Ernie Garcia discusses restructuring debt and selling stock in a comeback attempt for the used-car retailer. Laura Rea Dickey, CEO of Dickey’s Barbecue Pit, talks about the business of barbecue. Brad Dillman, Chief Economist at Cortland, shares his thoughts on US housing. And we Drive to the Close with Jon Baranko, CIO of Fundamental Investments at Allspring Global Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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