PBD Podcast Home Team | PBD Podcast | Ep. 290
Jul 25, 2023
The hosts dive into pressing political controversies, including key issues in Israel and the U.S. housing market. They analyze fluctuating mortgage rates and alarming trends in American savings. The transformative impact of Airbnb on real estate is discussed, alongside intriguing art investment opportunities. They engage in a heated debate on political accountability, reflecting on impeachment comparisons between Biden and Trump. The episode also highlights declining trust in higher education and the intergenerational financial burdens influencing today's youth.
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Episode notes
Alper's Exit
- Patrick Bet-David recounts an awkward dinner moment.
- News broke about Obama's chef's death, causing PBD's own chef, Alper, to leave abruptly.
Housing Market Decline
- Economist Kieran Clancy predicts a steep decline in US home prices, contradicting recovery narratives.
- Affordability has declined due to surging house prices, reaching the highest debt-to-income ratio since 2007.
Mortgage Rates and Supply
- 92% of Americans hold mortgages below 6%, making refinancing at current rates unattractive.
- This contributes to low housing supply, hindering market recovery.
