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Animal Spirits Podcast

The Craziest Housing Market Ever (EP.245)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.7 • 2.1K Ratings

šŸ—“ļø 23 February 2022

ā±ļø 45 minutes

šŸ§¾ļø Download transcript

Summary

On today's Animal Spirits, we discuss the growth stock sell-off getting real, differences between now and the end of the dot-com bubble, why savings account yields aren't going up yet, inequality in the housing market, the best time to buy a house and much more. Find complete shownotes on our blogs...Ā Ben Carlson’s A Wealth of Common SenseĀ Michael Batnick’s The Irrelevant InvestorĀ Like us on FacebookĀ And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.Ā Ā  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's animal spurts is brought to you by ground floor, the well-tech platform that allows everyone to build the wealth through real estate.

0:06.2

Ben and I talked to ground floor CEO a couple of times now about how they generate interest through their real estate debt loans.

0:12.6

But since then, they've also created a new app called stairs, Ben, you're using stairs.

0:16.8

I'm a stairs holder where you can get four to six percent interest and withdraw at any time without any fees.

0:23.5

Please check them out at groundfloor.com or download the stairs app for iOS or Android.

0:31.9

Welcome to Animal Spirits, a show about markets, life, and investing.

0:36.5

Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

0:42.7

Michael Batnik and Ben Carlson work for Ritholds Wealth Management.

0:46.3

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of Ritholds Wealth Management.

0:53.7

This podcast is for informational purposes only and should not be relied upon for investment decisions.

0:58.6

Clients of Ritholds Wealth Management may maintain positions in the securities discussed in this podcast.

1:04.1

Michael, I had any piphony over the weekend a little bit.

1:06.8

Oh yeah?

1:07.3

It just, just kind of a, oh wow, like this whole growth stock sell-off in the stock market

1:15.0

is really starting to feel very real for how long it's gone on for.

1:19.9

And I was just the length, right, the length of time.

1:23.9

Oh, it's real.

1:25.7

So I was writing a piece and kind of trying to compare it, you know, I think everyone compares everything now to that.

1:31.4

Dot-com period for tech stocks because of the, everything got so crazy and people wanted to be like that.

1:36.2

It's, we're not there from in terms of like the rise up never got there.

1:41.3

So I looked, the NASDAQ from 95 to 99 was up 41% per year.

1:47.0

It's like almost 500% in total.

...

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