Drunk Real Estate 106. Fake Jobs Data & When Real Estate Deals Go Bad
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Aug 7, 2025 Dive into the scandal surrounding recent job data revisions and their implications on the economy. Discover the murky waters of real estate syndications, where not all bad deals stem from fraud. Hear humorous anecdotes from a real estate conference and a light-hearted exploration of AI frustrations. The hosts share personal experiences on investor communication ethics and the need for transparency in turbulent markets. Plus, get insights into navigating the complexities of capital calls and the challenges of property valuations.
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Jobs Data Scandal Uncovered
- The July jobs data revisions were massive and downward, with healthcare jobs accounting for all the cuts.
- This made the recent months the worst jobs data since 2010, sparking political fallout and market concerns.
Revisions Reflect Economic Turmoil
- Large job data revisions often happen during turbulent economic times, reflecting real economic changes.
- Initial reports prioritize timeliness over accuracy, with revisions improving data as more responses come in.
Interest Rates Impact Hiring
- High interest rates, tariffs, and sector shifts are causing significant job hiring slowdowns and market uncertainty.
- These trends affect especially entry-level jobs and commercial real estate development.