Supply and Demand For House Prices Is A Myth

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 17 May 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Once again we at Money Tree Investing Podcast are pulling back the curtain on the wizard and spilling the beans on Wall Street Secrets. This week we dispel the notion that supply and demand for house prices is why house prices are still high even though people cannot afford them. It's simply not true.

Think about it for a moment. There are 100 widgets in supply. There are 100 people who want a widget. There should be a price that could be agreed upon to purchase those widgets. However what if I only have $100 and the widget costs $1,000. I guess I'm not buying that widget. I still want the widget, but I cannot buy it unless the prices is $100 or lower. That is effectively what is going on in the housing market.

Sorry Wall Street. Try your tricks on someone else.

Join us this week as we discuss the dynamics of housing, why its still expensive, even though people cannot afford to buy a home, what's up with the unemployment rate, and the big question... where is the recession?

For more information, visit the show notes at https://moneytreepodcast.com/supply-and-demand-for-house-prices-503

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello, Smart Money Tree Podcast listeners. Welcome to this week's show.
0:13.0	My name is Kirk Chisholm. I will be your host.
0:15.0	I'm once again joined with my good friend Doug. Hey, Grant. Hey, Doug.
0:19.0	Good morning, Kirk, and I'm alive here until, oh, sorry, just kidding.
0:22.5	You never know these days of keep hearing these stories of everybody now just drops dead.
0:27.8	One thing that's been interesting to me, I'll just point it out, is totally correlation,
0:31.8	not causation, but it always makes me wonder, when you see an enormous amount of celebrities,
0:37.4	broadcasters, public figures that
0:39.3	just kind of get knocked off their pedestal. It's fine if it's one, like, you know, Tucker Carlson's
0:44.1	the big one, he got knocked off his pedestal. He's off the ear, although I think he might be back on now.
0:48.0	I don't know. He had more people following him on his first stream on Twitter than ever watched him on terrestrial television. So he's knocked off,
0:55.9	but with the new monetization of Twitter, I think he's going to land on his feet pretty well.
1:00.3	And the reason I bring it up is not really Tucker per se, but we had Tucker and then you had
1:04.3	Don Lemon and you had a bunch of other people that just kind of got knocked off their post,
1:08.4	all at the same time, which leads me to wonder, like, what's going on?
1:12.2	Are all of these stations cleaning house and getting rid of their baggage, if you will, of all
1:17.0	the stuff that's happened in the last 10 years where they're like, hey, we don't want somebody
1:20.9	who has this opinion or that opinion.
1:22.8	They're just like, we're going to clean the slate and start fresh.
1:24.9	I don't know.
	...

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