Rising Home Prices and Affordability Crisis

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The conversation about rising home prices is inevitable, with predictions that the value may exceed a million dollars in the coming years. A study by Zillow highlighted the affordability crisis, indicating that since 2020, one would need to earn 80% more to comfortably purchase a home in the current market. This challenge is primarily due to a 42% increase in home prices coupled with mortgage rates exceeding 7%, requiring almost double the income compared to 2020 to afford the same house.

Episode 329: Neal and Toby discuss the latest poll that shows a majority of Americans believing the economy is worsening despite data showing the contrary. Then, Nvidia shows a strong earnings report that says AI is still riding high. Next, a scary turbulent Singapore Air flight reveals the most bumpy flights in the world and why it could get worse. Plus, Neal shares his favorite numbers of Graceland, California homes, and a feather. Lastly, Vivek Ramaswamy buys stake in Buzzfeed hoping to give it a revamp.

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00:00 - Prepare of Memorial Day travels

3:00 - Americans think economy is bad

7:20 - Nvidia crushes earnings

10:50 - Turbulent skies

14:00 - Neal’s Numbers

21:00 - Politicians buy stock

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