The Higher Standard

Spoiler alert, it's cheaper to rent than it is to buy in many markets and Chris, Saied and Haroon are here to break it all down. They use the Austin market, which was a major growth market during the pandemic, as a prime example of the stress that may be forcing rental rates further down. They take a break to celebrate some of the nation's top colleges eliminating student loans entirely, but then get back to the apartment market by citing Miami's downward rental trends. Finally, to cap the show, Chris and Saied talk a whole lot of trash about novice syndicators like Brad Sumrok. Oh, and apparently Haroon opens up apple juice jars with his rear end.Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:Mortgage Cost Surge Makes It Cheaper to Rent in Tough US Market (Bloomberg)Austin has over 120K apartments in pipeline (The Real DealSome of the nation’s top colleges are eliminating student loans (CNBC)Miami’s Rental Market Roller Coaster Is Headed Downhill (Wall Street Journal)Multifamily mentor Brad Sumrok built an empire. Now, the cracks are showing (The Real Deal)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Saied, Chris and Haroon are back in the lab with a fun filled dive in to the wild swings of CPI, PPI and a full breakdown on whether or not this will ultimately influence the Fed's next meeting. The boys unpack some housing data and similarities to The Great Recession's housing market bubble and today. Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:Consumer prices rose 0.4% in September, more than expected (CNBC)September PPI inflation rises above expectations (The Kobeissi Letter via X)Dollar steady on underlying moderate PPI data, dovish Fed officials (Reuters)Incomes are falling in 17 states. Here's where Americans are falling furthest behind (CBS News)The housing market looks like a bubble, 2008 regulator says (CNN)Goldman Sachs says home prices are now more unaffordable for the average buyer than they were during the 2008 housing bubble. Here are the 2 things they say would have to happen for home prices to crash (Business Insider)Auto-loan interest rates are now at their highest since 2008 (The kobeissi Letter)How this 77-year-old widow lost $661,000 in a common tech scam: ‘I realized I had been defrauded of everything’(CNBC)Housing industry urges Powell to stop raising interest rates or risk an economic hard landing (CNBC)Wholesale inflation rose 0.5% in September, more than expected (CNBC)Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show (CNBC)Bankman-Fried was very concerned about his image, including his big hair, ex-girlfriend Ellison testifies (CNBC)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Chris, Saied and Haroon have been building up slowly on our collective knowledge and discussions about the bond market. Well, in this episode we put it all together and talk about how its current status is likely going to impact you and all the news you're hearing. But first, the boys jump in to some compelling financial facts they quote from one of their favorite X pages - The Kobeissi Letter. One of the boys' favorite economists Mohamed A. El-Erian says that "something is likely to break" after the most recent jobs data came out. And, we are in the worst bond selloff since 1787 which allegedly ends the "Free-Money" era. Chris and Saied also lovingly sound off on Internet trolls because it wouldn't be an episode of The Higher Standard without some sassy banter. Resources:The Kobeissi Letter (via X)How much can and should the government borrow? (Bloomberg Opinion via Instagram)The 5% bond market means pain is heading everyone’s way (Bloomberg)‘Something Is Likely to Break’ After Jobs Data, El-Erian Says (Bloomberg)Markets Brief: Will Bond Yields Top 5%? (Morningstar) Long Bonds’ Historic 46% Meltdown Rivals Burst of Dot-Com Bubble (Bloomberg)Worst US Bond Selloff Since 1787 Marks End of Free-Money Era (Bloomberg)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Redfin can't cut ties will the National Association of Realtors ("NAR") because they have a monopoly over the Multiple Listing Service or "MLS." The MLS is a database established by cooperating real estate brokers to provide data about properties for sale and it is under the sole dominion and control of NAR. The MLS allows Realtors to see one another's listings of properties for sale with the goal of connecting homebuyers to sellers. There is only one problem, you have to belong to NAR to have access to it. Chris, Saied and Haroon get in to and give you their perspective of how this looming fight may shake out. Saied then pivots to an article by the Wall Street Journal in which they break down the elements of why your home may not be selling. Lastly, Chris goes deep on the Brentwood Airbnb tenant who has refused to leave and has not paid rent in over 540 days that made national headlines. Also, fun fact, Haroon belongs to a very curious WhatsApp thread titled "Sex Talk" which he states he uses the end-to-end encryption service to talk to friends about "sports." Does he have a valid excuse? Tune in to find out...Resources:NAR’t so easy: MLS control means partners can’t make a clean break (The Real Deal)Why Is Your Home Not Selling? 5 Reasons It’s Sitting on the Market (Wall Street Journal)Brentwood Airbnb tenant refuses to leave or pay rent for 540 days (The Real Deal)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

You asked for it and we heard you. Today's episode is a focused single topic edition with a deep dive in to everything you need to know about The Fed. How its Board functions, how they get the positions and more. Of course we had to take a few shots at Neel Kashkari because he often has an opinion that frustrates Chris and Saied. Then as a special ending, we cap the show with an homage to Saied's favorite topic, cryptocurrency. We cover five strange facts about Sam Bankman-Fried that are shockingly true. Stay tuned all the way to the end because some of these will blow you away. Resources:The 5 weirdest Sam Bankman-Fried stories Michael Lewis told to ’60 Minutes’ (Market Watch)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

The podcast episode covers topics such as frustration with clickbait titles, the global economy and holding rates higher for longer, impacts of higher interest rates on property affordability, Joe Biden's indifference and problematic dog behavior, the Tupac murder revelation, regional bank crises, and the importance of stepping away from work.

The hosts kick off with humorous banter and heartfelt thanks to their listeners. A lively Q&A reveals personal anecdotes and thoughts on sports nostalgia. They dive into interest rates and market dynamics, stressing financial discipline for young investors. Real estate investment experiences highlight asset leveraging and tenant satisfaction. The conversation also touches on the impact of rising interest rates on loans and bonds, alongside strategies for college savings and investment insights, all while keeping the mood light with listener interactions.

In a spectacular display of machismo, Saied gives Chris not one, but three separate fist pounds during this sensational episode. Maybe Saied was just happy that the Federal Reserve left rates unchanged? Maybe it was the Fed's terrible track record of forecasting what the economy is likely to do? I guess we will never know, but what you will know for sure after this show is that we may be in the biggest housing bubble ever, Zillow shifted their 2024 home price forecast down and 30-year mortgage rates have in fact hit 8%. Economic data, financial literacy and a healthy portion of fisting. What else could you ask for? Resources:The Federal Reserve leaves rates unchanged. Here’s how it impacts your money (CNBC)Take the Fed forecast with a grain of salt. It has a terrible track record (CNBC)Biggest Housing Bubble Ever (Nick Gerli via X)Zillow once again shifts its 2024 home price forecast. Here’s why (Fortune)The Fed would be ‘flying blind’ on interest rate decisions after a government shutdown (CNBC)30-Year Mortgage Rates Rise Again, Flirting with Historic Peak (Investopedia)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Please place all seat back and tray tables in their locked and upright positions, because you're about to go on a long voyage of economic data baby! Saied, Chris and Haroon are back and they have a lot to talk about in this episode. The September 20th Fed announcement hasn't even happened yet and Goldman Sachs is already saying that the Fed is unlikely to raise rates in November. So, naturally The Higher Standard had to chime in to the debate. Chris offers up a questionable segue into why a soft landing could not only be elusive, but then explains why the current Fed Policy is costing the Fed between $100 billion and $200 billion themselves. Chris and Saied then dive down deep in to the dark canyon of a hole that is the inverted yield curve where they discuss the wide spread between the 2-year and 10-year treasuries. Which also happens to be at it deepest inversion since 1981. Haroon provide an elegant hypothetical answer to an intimate personal question and legendary investor Jeremy Grantham is ringing alarm bells. Resources:Fed unlikely to raise rates in November, says Goldman Sachs (Reuters)Why a Soft Landing Could Prove Elusive (Wall Street Journal)Fed losses breach $100 billion as interest costs rise (Reuters)Economist says S&P 500 will sink 40% due to recession (Business News)Spread between 2- and 10-year Treasuries at deepest inversion since '81 (Reuters)Legendary investor Jeremy Grantham rang the alarm on stocks and recession, warned about the housing market, and hailed Elon Musk's Tesla. Here are his 10 best quotes from a recent event (Business Insider)The bond market has broken the longest time ever with a 10-year field, 3 month inversion at 212 days per Bloomberg (Unusual Whales via Instagram) Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

With an uncharacteristically early recording time, the boys come in extra hot and caffeinated. Saied finally admits to being 1 of the podcast's one star reviews; however, the show did receive a real, legitimate 3 star review from a listener. We wanted to address it head on and talk about the data behind the insurance position which upset someone. They, of course, save the expletive filled rage for the end of the show. This episode covers all the underlying detail of the latest inflation print which continues to show that the real cost of living is likely higher for most consumers. Then Chris and Saied pivot to an article on banks having $1.2 trillion dollars in "hot" deposits which they believe signals a much larger concern. Home prices according to Zillow seem to suggest that there have been tremendous gains still despite even some areas having lived through minor corrections in recent months. What does this mean? Saied and Chris will tell you their thoughts. Make sure to stay tuned all the way to the end because this one gets extra sassy in the last quarter of the show. Resources:Here’s the inflation breakdown for August 2023, in one chart (CNBC)Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits (Wall Street Journal)Real incomes fell last year. No wonder Americans were bummed out (Axios)Home price shift, as tracked by the Zillow Home Value Index (ZHVI) (Lance Lambert via X)August core inflation, excluding food and energy, rose 0.3%, hotter than expected (CNBC)Fears over access to credit hit highest level in more than a decade, New York Fed survey shows (CNBC)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.