Unintended Bets and Diversification: Navigating Long-Term Goals in Portfolio Construction
Pirates of Finance
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The Housing Crisis and the Floor Plate
You're basically double levered if rates go up. You're getting smoked on both sides Well, I mean you've locked it in on the real estate side. And so that's why we're seeing this what he thinks is a floor plateau and housing crisis But he had an interesting counterintuitive thought: If rates come back down That will open up the equity where people think they can actually move.
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