Animal Spirits: Greater For Longer

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Regardless of a pandemic and an inflation surge, actual (inflation-adjusted!) median household revenue was 2.6% larger in 2022 than in 2019, hitting an all-time excessive of $70k.

For comparability, between 2007 and 2010, median incomes fell by 7.8% and did not surpass 2007 ranges till 2019. pic.twitter.com/qxUMKzJVwA

— Steven Rattner (@SteveRattner) October 18, 2023

As heretical because it is likely to be to say, there is a rising threat that Fed fee hikes threat *stoking* larger lease inflation in 2025, 2026, and 2027

How? The Fed’s actions are at present lowering constructing permits for multifamily rental provide. Exacerbates structural housing scarcity pic.twitter.com/JsQNCym081

— Skanda Amarnath (@IrvingSwisher) October 19, 2023

“There is not any cause that dwelling sellers ought to be compelled to pay a patrons agent,” says lawyer Michael Ketchmark because the DOJ probes actual property dealer commissions. pic.twitter.com/OcLDgXFToG

— Final Name (@LastCallCNBC) October 18, 2023

Buffett on Apple $AAPL: “If somebody provided you $10,000 to by no means purchase an iPhone or Apple product ever once more, you would not take it. If somebody provided you $10,000 to by no means purchase a Ford once more you’d take it and go purchase a Chevy”

That Easy.

— Michael Graham (@MGStockTalk) April 12, 2023

🔸 Zillow survey finds 35% of potential patrons would purchase a haunted home if it value much less

Greater than two-thirds of potential patrons (67%) say they could possibly be satisfied to purchase a haunted home if it had interesting options, have been in the proper location, have been extra inexpensive or for…

— *Walter Bloomberg (@DeItaone) October 24, 2023

With 71 days left (+24%), the 2023 home field workplace has handed 2022

— Matthew Ball (@ballmatthew) October 21, 2023

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