Animal Spirits Podcast cover image

Animal Spirits Podcast

House Poor (EP.327)

Sep 27, 2023
Topics discussed include housing bubbles, outperforming the market, gambling vs. day trading, NFT worthlessness, soft landings in the economy, declining housing prices, declining bullish sentiment, fluctuating gas prices, and nostalgia for 80s TV shows and movies.
01:04:33

Podcast summary created with Snipd AI

Quick takeaways

  • Despite rising home prices, there is still a margin of safety built up in housing equity, with a potential 20% drop only bringing us back to October 2021 levels.
  • The decline in driver's licenses, alcohol consumption, dating, and working for pay among younger generations indicates a shift in societal norms and increased focus on digital interactions.

Deep dives

Gen X is Wealthier than Boomers

Gen X today is significantly wealthier than boomers were at the same age. Millennials have similar wealth to boomers at the same age.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode