Market Insights
Healthcare Dumpster Fire
Weekly Blog #20 Affordability seems to be the word of the day, especially regarding healthcare and, more specifically, insurance premiums. But as with most widely used economic terms, few people understand what’s actually driving the numbers. Here’s the uncomfortable math: In 2025, total U.S. healthcare spending will reach roughly $5.6
What is Inflation?
Weekly Blog #19 “Inflation is always and everywhere a monetary phenomenon.” Milton Friedman It seems every politician eventually promises to “make life more affordable.” It’s a crowd-pleaser. Who doesn’t want their dollars to stretch further? But how, exactly, do they plan to make that happen? The devil, as always, is
Is AI Coming for Your Job?
Weekly Blog #18 “Price is only an issue in the absence of value.” Zig Zigler Every major technological leap has carried predictions of mass unemployment. The steam engine threatened farmers; calculators were expected to make accountants irrelevant; and the internet was forecast to erase retail. Yet with each disruption the
The 3% Mortgage Mirage
Weekly Blog #17 Nostalgia is memory after a few drinks. Few topics inspire more nostalgia—and delusion—than mortgage rates. Every week, brokers, buyers, and investors ask the same question: “When are we going back to 3%?” The honest answer? We’re not. And that’s a good thing. The 3% mortgage rate wasn’t
The Future is Now
Weekly Blog #15 “By 2045, we will reach the singularity—the point at which artificial intelligence surpasses human intelligence.” Ray Kurzweil In 2005, futurist and inventor Ray Kurzweil predicted that humanity would reach the “singularity”—the moment when artificial intelligence overtakes human intellect—by 2045. Two decades later, that forecast no longer sounds
10,000 Hours
Weekly Blog #15 “10,000 hours is the magic number of greatness.” Malcolm Gladwell In his 2008 book Outliers: The Story of Success, Malcolm Gladwell popularized what became known as the “10,000-hour rule.” The premise is simple: to truly become world-class—whether in music, sports, programming, chess, or any other pursuit—one must
Highest and Best Use
Weekly Blog #14 “Price is what you pay. Value is what you get.” Warren Buffett June’s commentary, What’s It Worth?, looked at the many ways real estate can be valued—from comps and replacement cost to cap rates and discounted cash flows. But one critical concept I didn’t cover is the
Crisis Management
Weekly Blog #14 “You keep using that word. I do not think it means what you think it means.” Inigo Montoya, The Princess Bride Word out of Washington is that the Trump Administration is considering whether to declare a national housing emergency. On the surface, the reasoning is understandable. Home
What Are the Odds?
Weekly Blog #13 “We should be at least two to three points lower—if things later change to the negative, increase the rate.” President Donald Trump It’s no secret that President Trump has been extremely unhappy with Federal Reserve Chair Jerome Powell and his reluctance to lower interest rates. Trump, a
