Episode 320: Politics, Anarchy, and Baseball
Words & Numbers
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The Fear of Percolating Through the Markets
When mortgage rates were below 3%, it was a real seller's market. Now that mortgage rates are at about 6.6, it's a different universe. All of a sudden, buyers can make some demands that they couldn't have made just six months ago. If you want to leave Cuba and come to the United States, people very typically get into rafts in a 90 mile ocean trip in a raft to get to Florida.
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