Notorious POD

In this episode of Musings, I look at AB 1771, a new bill introduced in California legislature to impose a 25% tax on gains from sales of homes owned for fewer than three years. It turns out, the details ain't quite so, and it makes very little sense.

Macroeconomics is a topic that may get some eye rolls, but the truth is that right now is the time when we need to know more about it. Rob Hahn is joined by Taylor Marr, the Deputy Chief Economist for Redfin about inflation rates, investing in real estate, and what the outlook is for the industry. 

Learn more about Taylor Marr HERE! 

A look at some recent data showing housing is becoming more and more unaffordable for the average American buyer, why that might be, and why it is not transitory or cyclical. I explore topics from macro analyst Luke Gromen, look at investor purchase data, and then touch on the one thing that could collapse home prices: government.

In which I discuss why 2022 might be a turning point in crypto adoption and decentralization across society.

I recently took part in a panel discussion hosted by Elm Street Technologies. It was a fantastic discussion with other people whose expertise overlaps the world of real estate and the world of crypto and blockchain.

During the event itself, we could not get to all of the questions and comments from the audience, and some of them were raising excellent issues we should be discussing as a community. So I thought I would offer my answers to those questions here, to move things forward.

Elm Street Technologies Webinar: https://youtu.be/hSUrEx3w_f0

==

Notorious ROB: https://notoriousrob.com/

Twitter: https://twitter.com/robhahn

Facebook: https://www.facebook.com/Notorious.ROB.blog

Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry.

This episode is a bit of an exploration, a weaving together of disparate news items that are all interconnected. I look at data on foreclosures in 2021, purchase mortgage applications, the official CPI data, investor activity, and a few other things to draw some conclusions. The overall takeaway is that #RenterNation is coming on fast. Some would argue it's already here, but signs are pointing to 2022 being a crucial turning point.

====

Notorious ROB: https://notoriousrob.com/ Twitter: https://twitter.com/robhahn Facebook: https://www.facebook.com/Notorious.ROB.blog

With his wide experience in various aspects of building and selling homes, Tom left a fantastic comment on my recent post about construction costs. I thought it would be great to get into the weeds a bit with Tom, and he was generous with his time and knowledge.

We start the discussion with why construction costs haven't come down despite advances in technology. That led directly into a wide range of topics, from materials costs skyrocketing to why skilled labor is so hard to find, why so few young people seem to want to enter the trades, the impact of labor shortage on furniture, woodworking, carpentry, and any of the skilled trades, the pros and cons of pre-fab housing, and we talk about the housing market.

Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry.

In this episode, I look at a report from Morning Consult on where consumers are with banking and finance, and zero in on two sections. The first section is on Millennial financial well being, which is to say, lack of financial well being. And the second section is on mainstream consumer adoption of cryptocurrencies. Both are, of course, related to housing. Housing economics is at the heart of Millennial (lack of) financial well being.

A great pleasure to be able to record a conversation with my good friend Keith Robinson, Chief Strategy Officer of Nexthome. We actually argue quite a bit about all kinds of topics, and this was a public capture of discussions we have privately. It turns out that friends can have healthy back-and-forth debates and learn from each other. I know I learn a ton from Keith, and I hope you can learn a few things from (and be moderately entertained by) two real estate nerds nerding out about nerdy topics.

Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry.

In this episode, I answer questions from a listener/reader from Ep. 33 with Jim Klinge, where we had discussed his predictions about the end of buyer agency from market forces, rather than from regulation or lawsuits. A listener, Hilary, had written some great and detailed questions and I thought it worthwhile to give my thoughts on them.