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On the latest episode of Onward, Benjamin Miller and Cardiff de Alejo Garcia cover the state of the economy, and Ben makes a big call on the real estate market specifically. You can listen to Onward anywhere you get your podcasts. Apple: https://lnkd.in/e5GHnGan Spotify: https://lnkd.in/e9xNxjPQ

Michael D. Thomas

Angel Investor, Bookseller, retired Foreign Service Officer, Returned Peace Corps Volunteer

10mo

Another excellent analysis by Ben Miller. But it is critical for investors to remember that the market forces on offices and owner-occupied residential real estate are VERY different than forces on commercial residential and industrial real estate. Office buildings have been devastated by COVID and work-from-home. With ~30% to 50% of all desks vacant in major cities, office demand has been permanently depressed and tenants will continue giving up space as leases come up. A lot of owner-occupied homes have been "locked up" because owners could not afford to move if it meant trading a 3% mortgage for an 7% mortgage. Decreasing interest rates will "unlock" these homes bringing the supply of used homes back to normal levels.

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Trevor Oldham

💥Helping Alternative Investment Companies Grow Their Business Through Proven Podcast Guesting Strategies | Passive Investor | Girl Dad

9mo

Fantastic advice!

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