Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks, invest in your life.

Hello, Smart Money Tree podcast listeners. Welcome to this week's show. My name's Kirk Chisholm and I will be your host. So today, we're once again talking with Douglas Hagerin. How you doing today, Doug?

I'm doing great. Kirk. Thanks for having me back. Obviously, I didn't ruin the last couple.

So it's good to be here. Good to have you back. And just for a listener's reference, I've been

mispronouncing Doug's name. I've known Doug for a number of years. And for whatever reason,

he never bothered to correct me. So I was calling him Hgeron. His name's actually Hegrin. And that's a little nuance here,

but we had a good laugh earlier for the show. So today we're going to be talking once again about

inflation and the different impacts and how it impacts you and your life. So today, we're going to let

Doug take the reins again. And we're going to be talking about a few topics. But I guess we'll

start with real estate. So take it away, Doug.

Obviously, real estate right now has an interesting cycle. I mean, we saw new numbers have come out

that over the last, say, 12 months or so, 24 months, lumber through the roof, driving everything

up. Nobody could get a home. People were getting in line to try to get whatever they could as the prices flew. People were trying to renovate their homes, do stuff on their homes. And lumber prices were absolutely flying. And along with that, some statistics that came out that with all the people that bought homes last year, 70% of those that have been pulled came out and said, look, I've got some serious regrets about buying a

house because we paid too much for the house that we got because the prices went through the roof.

And also, the majority of those people cited that they had never estimated the cost that it

takes to own a home. It's great to own property. You can do what you want to it. But yet simultaneously, you know,

we have a situation where you got to put some work into it and you got to clean things up.

Well, now lumber costs were through the roof and services through the roof. We can't get labor.

So now the opposite is starting to happen. As we're starting to see interest rates go up,

we've seen mortgage rates spike significantly. I mean, you can address kind of

where you think they might go, Kirk, but it obviously is slowing down the money that, you know,

the buyers that are out there. It's a simple supply and demand. You know, the homes are still limited,

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