Drunk Real Estate 85. Tariffs Are Back – What It Means for Real Estate & Your Wallet
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Feb 20, 2025 Dive into the world of tariffs and their surprising return—impacting everything from lumber costs to housing supply! The hosts explore inflation trends and what they spell for interest rates, shedding light on the Federal Reserve's next moves. Stay tuned for insights on the Corporate Transparency Act's latest twists and how consumer spending reflects economic realities. It's a lively mix of sharp analysis and humor, ensuring you won't miss a beat on what matters to investors in today's volatile market.
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January Inflation
- January tends to have higher inflation than other months, partly due to retailers raising prices.
- This January's inflation was high, but it's too early to tell if it's a long-term trend.
Lumber Prices and Tariffs
- Jay Scott explains how lumber company owners, anticipating tariffs, might have raised prices in advance.
- Homebuilders often lock in lumber prices months ahead, so price increases would already be baked in.
Retail Sales Slump
- Retail sales dropped significantly in January, more than predicted.
- Consumer confidence is declining as people feel the pinch of rising costs and debt.