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JUST IN: US home prices rise by 0.9% in July according to Case-Shiller data, marking a fresh ALL TIME HIGH.
Despite mortgage rates soaring to 7.5%+, their highest since 2000, home prices are up 5 STRAIGHT months.
Year-to-date, home prices are up 5.3% which is more than the…
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由
The Kobeissi Letter
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JUST IN: US home prices rise by 0.9% in July according to Case-Shiller data, marking a fresh ALL TIME HIGH.
Despite mortgage rates soaring to 7.5%+, their highest since 2000, home prices are up 5 STRAIGHT months.
Year-to-date, home prices are up 5.3% which is more than the median FULL year average.
This means that home prices are outperforming the S&P 493, which is the S&P 500 minus 7 tech stocks, on a YTD basis.
All as 8%+ mortgages are on the way and existing home sales hit 2010 lows.
How can this end well?
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🇺🇸 ELON: TESLA OWNERS WILL BE ABLE TO ADD THEIR CARS TO THE FLEET LIKE AIRBNB
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🇺🇸 ELON: TESLA OWNERS WILL BE ABLE TO ADD THEIR CARS TO THE FLEET LIKE AIRBNB
"We'll have a model which is kind of like some combination of Uber and Airbnb.
So if you're a Tesla owner, right, you'll be able to add or subtract your car to the fleet.
Just like in Airbnb, you
btc
(
twitter.com)
00:00:43
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Munro on Elon Musk
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Munro on Elon Musk
“We spent two hours watching a design review. I was blown away. I've seen dozens of CEOs. I've never seen a CEO ever or a president that knew more about the product, that knew the details of a product, that could bring an idea and discuss it not just in a
btc
(
twitter.com)
00:00:56
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