Why Won’t the Housing Market Crash?

Structural supply, debt-free owners, and rate lock-in — not affordability — are what's propped up US home prices despite 7%+ mortgage rates.

• Ben buys bonds: For the first time in his investing career, Ben added intermediate-term (4-6yr duration) bond ETFs in taxable accounts, citing yields near 5.5%, dry-powder flexibility, and a hedge against deflation/financial crises — not long-term bonds, which he says carry too much volatility for the "safe" part of a portfolio.
• Worst bond decade ever: Five, ten, and thirty-year Treasuries just posted their worst decade of returns in modern history, worse than the 1970s after inflation, per Ben's data.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.