

"The housing market is in a deep freeze, and that's extremely bad for young people"
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"It's a market deep freeze, and that's extremely bad for young people. Nobody wants to sell their house for a loss. So people will always wait a million years rather than sell at a loss. In a normal market, the price of financing this asset would have gone up and the price of the asset would have gone down. But because people have trouble accepting the fact that they're selling their house at a loss, again, the market freezes. So that's fine for me. There are millions and millions of Americans like me. who got mortgages in the zero rates era, the kind of 2010s through 2020, and who now essentially are never going to leave their home. For you, age 27, if you should be a renter, you're on the outside looking in." Prof G Markets breaks down the news that’s moving the capital markets, helping you build financial literacy and security with Scott Galloway and Ed Elson.
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