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The Higher Standard

Why You’re Paying More for Cars, Homes, & Everything In Between

Nov 12, 2024
01:22:57

The average age of U.S. homebuyers has soared to 56, proving that owning a home now requires both age and a level of patience previously reserved for waiting in line at the DMV. Saied, Chris, and Haroon hilariously dissect this trend, blaming skyrocketing home prices, nosebleed mortgage rates, and a painfully thin housing inventory for forcing younger buyers to stay on the sidelines—or back in their parents’ basements.

➡️ With a cocktail of sharp humor and real talk, the hosts unpack how these shifts impact everything from family planning to the American Dream itself (spoiler: it’s expensive). They also debate whether "strategic investing" is just code for "hope and prayer" in this market. Tune in as they turn these bleak economic trends into laughs while giving you the lowdown on navigating the financial jungle without losing your sanity—or your sense of humor.

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🔗 Resources:

Job growth slowed sharply last month (Wall Street Journal)

Even Some High-Income Americans Can't Afford New Cars Anymore (Bloomberg)

Homebuyer average age rises to 56 amid rising homeownership costs (CNBC)

Mortgage apps to buy a house are down 45% from pre-pandemic levels (Nick Gerli via X)

Warren Buffett is now building his cash balance at an unprecedented rate (The Kobeissi Letter via X)

28% of shoppers who used credit cards have not paid off the presents they purchased for family and friends last year(CNBC via Instagram)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

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