Infrastructure has been largely neglected for the last 30 years. Whether that's affordable starter homes or bypass oil pipelines. The solution has been banking and bombs instead of excavators and tradesmen.
Great read! Something else to consider: Higher rates don’t just reduce purchasing power, they freeze supply. Existing homeowners locked into 3% mortgages aren’t selling, which means inventory stays tight even as demand weakens.
Infrastructure has been largely neglected for the last 30 years. Whether that's affordable starter homes or bypass oil pipelines. The solution has been banking and bombs instead of excavators and tradesmen.
good work
Great read! Something else to consider: Higher rates don’t just reduce purchasing power, they freeze supply. Existing homeowners locked into 3% mortgages aren’t selling, which means inventory stays tight even as demand weakens.
The Bond market is pricing for 7% mortgage rates if this war with iran continues
Good read!