Economics

Just 24% of homebuyers are currently first-time buyers, the lowest in at least 45 years.

End the FED!

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

feel like supply issues are equally to blame here.

also curious what a post fed economy would look like, any reading you would suggest ?

Hard to imagine such a future.

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

Thanks for sharing- will check it out.

Agree zirp created a massive bubble.  

Yet supply plays a role - especially regionally.

Here in New England often harder and harder to even find starter homes under 400K, and any new construction is 600-700K min - which is both a result of labor costs and land scarcity.

We’ve added maybe 5 % of the supply of day Dallas Fort Worth since the turn of the century.

I think if that was true, then we wouldn't see the market as bad as it is in states that can build, like Texas. Of course, you have the mortgage backed by the federal government, which pushes prices even higher. 

But the matter of the fact is that interest rates are historically low causing all assets to be in a bubble state

I have huge thread on this:

https://x.com/giacaglia/status/1228454107091853317