Animal Spirits: Unaffordable Housing

Today’s Animal Spirits is presented by Masterworks:

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We discuss:

  • Will supply chains ruin Christmas?
  • Investors have been spoiled of late
  • Why do investors own way more stocks than they did in the past
  • Why do so many rich old investors call for market crashes?
  • Why were endowment returns so high over the last year?
  • There has never been a better time to be a start-up
  • Does progress lead to inflation?
  • Why is inflation better than deflation?
  • What good is price when there is no supply?
  • Is Zillow driving up home prices?
  • The danger of relying on anecdotes
  • Is housing in the U.S. becoming too unaffordable?
  • Does it make sense to pay off your mortgage anymore with rates so low?
  • Why is it so difficult to refinance right now?
  • Why household budgets can trigger you
  • Are people getting sick of their Pelotons?

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Transcript here:

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