Apollo just released a 121 page deck on US real estate and housing

1 Comment on Apollo just released a 121 page deck on US real estate and housing

1. As a teenage young man in the 1970s, my uncle bought a 2 year old, hardly used Toyota land cruiser, and multiple <5 year old Camaros, on a teenage kid’s wages. People of nearly all ages and incomes have less buying power than in the past. The main reason for this IMO is people started taking out loans for stuff they couldn’t afford, thus making those things less affordable for everyone. Supply was basically static, but this increased demand significantly, (bunch of people financing items that they had no business owning) and prices of nearly everything went up. Now we’re here- a teenager likely cannot save enough to buy a car like my uncle did. Many people in their 20’s thru their 40’s don’t think they’ll ever buy a house. Stop taking out loans, already.

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