The Prof G Pod with Scott Galloway State of Play: Real Estate Markets and Investing — with Dave Meyer
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Feb 9, 2023 Dave Meyer, VP of Data and Analytics at BiggerPockets, brings his real estate expertise to discuss crucial trends in the housing market. He dives into the implications of population decline and the need for supportive policies for family growth. Meyer examines the critical state of housing affordability, noting historic lows and contrasting dynamics across different markets. Predictions for the future sculpted by economic factors and shifts in luxury real estate reveal fascinating insights for investors. Join him for a well-rounded exploration of today’s real estate landscape.
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The Cost of Kids
- Having children is increasingly expensive, costing over $310,000 to raise a child to age 17.
- This financial burden contributes to declining population trends and the rise of the "dinkwad" lifestyle.
Population Decline's Impact
- Population decline, driven by high child-rearing costs, has negative economic consequences.
- Scott Galloway argues this issue requires attention despite controversy and potential backlash.
Wealth and Climate Change
- Climate change is primarily driven by the consumption habits of the wealthy, not population growth.
- The wealthiest 1% emit 70 times more carbon than the bottom 50%, highlighting a disparity in environmental impact.
