Mark interviews economist Steve Moore.

The Mark Simone Show

iHeartRadio and Mark Simone

News

4.3 • 695 Ratings

🗓️ 2 October 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steve breaks down how the government shutdown is affecting the economy. GDP growth over the last few quarters has increased in the USA.

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Transcript

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0:00.0	Mark
0:01.9	Simone 710
0:03.9	Numble
0:04.8	Oh, we're looking for Steve Moore
0:09.8	What a shock, huh?
0:11.6	No, he'll turn up.
0:12.5	I'll bet you we find him.
0:14.6	Then, I don't want to predict, but I bet you we'll find him.
0:18.8	So, hey, if you want a luxury home, how much you have to spend?
0:24.4	A luxury home?
0:25.5	What's considered a luxury home?
0:27.2	How much?
0:29.0	A million dollars?
0:30.3	No, that won't do it anymore.
0:32.8	It used to, but according to, uh, but according to, uh, realtor.com, a million dollars will no longer buy a luxury home in
0:39.6	America anymore. New analysis shows 1.3 million, at least, 1.3 million starting point for a luxury
0:48.9	home. And what they call a luxury home is if it's in the top 10% of the home listings but to get
0:55.7	in the top 10% you now need to spend 1.3 million just 10 years ago it was 800,000 uh now if you
1:04.1	want to get in the top 1% uh got to be 5.5 million and obviously geography is a factor it's different in
1:14.3	different areas so prices and you know prices keep going up here in New York I know
1:20.4	with all they get everything small everybody's going to flee if mom Donnie comes in and it's
1:23.6	going to cause a real estate crash prices are going up every day for rentals, for sales everywhere.
	...

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