Dollar as reserve currency? Apple introduces high tech layaway? and some tweets 273 -

What happens when you are late to your own livestream? Turns out, not much. I did apologize however.

We talked about a bunch of stuff. The start of the show was about the economics of housing possibly forcing people to make social decisions that they otherwise shouldn’t have to. For example, living with a roommate later, multi-generational housing, etc.

Apple is now in the small, short term loan market? Why? How does this fit with their current offerings? Well, what would you do with the billions of cash on hand that Apple has?

Do real estate agents and PPP loans mix? I didn’t think so, so I didn’t get one. Never felt comfortable about it. Others got caught up in it. We profile an agent who is alleged to have fraudulently received more than 350k in PPP funds.

We read some tweets…is the U.S. dollar losing it’s status as the world’s reserve currency? Some say absolutely. Others say it is hyperbole for clicks.

We looked at a thread on the demise of California, particularly the real estate market, and then we looked at some information that seems to indicate that we are about to see a massive amount of apartment units coming online that should cause rents to lower.

Finally, we discussed three real estate related articles. Do you know what a “twin home” is? I had no idea, thought it was just a duplex. Should you delay your home purchase? Apparently, maybe. Finally what age group is doing all the buying and selling of real estate? Boomers. It’s not even close.

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Mortgage Rates came in at 6.61 percent on a 30 year fixed today.

Affordability and social norms…my kid wants to live in a van so she can see the country…but is that because she doesn’t think she will ever be able to afford a home?

Peter Thiel Quote on pessimism
https://twitter.com/george__mack/status/1640745578933145603

Apple is now in the layaway business….great.
https://www.cnbc.com/2023/03/28/apple-pay-later-launches-in-us.html

Real Estate Agent PPP Fraud? Why, Never!
https://therealdeal.com/miami/2023/02/03/miami-real-estate-agent-charged-with-381k-ppp-fraud/

On the Twitter

Genevieve Roch-Decter, CFA
https://twitter.com/grdecter/status/1641179425315360769?s=43&t=QlG4CVfHOkSxxiBKIDu40g

Markets & Mayhem
https://twitter.com/Mayhem4Markets/status/1641251302628904962

Unusual Whales
https://twitter.com/unusual_whales/status/1641204334926106626

Jeff Weniger
https://twitter.com/JeffWeniger/status/1641194435990937602

Nick Gerli
https://twitter.com/nickgerli1/status/1641203294755516416

The Broke Agent
https://twitter.com/TheBrokeAgent/status/1641170529112698880

Real Estate News and Commentary

A “Twin Home”
https://www.apartmenttherapy.com/what-is-a-twin-home-37237114