There are so many economic trends happening all at once, it's hard to keep track. I made this visual aid to help people understand how things could play out, and how different economic trends matter. I also made a youtube video explaining this map. 👇

The AI boom will generate unfathomable wealth in the San Francisco, but because SF is notoriously bad at building housing when demand increases, existing homeowners will be the real winners.

According to a new Redfin report, luxury homes in Miami cost 9 times as much as regular homes. One of the biggest gaps in the country. Wealthy people aren't deterred by climate risks because they can afford to protect their homes or they can afford to take a loss.

Will private equity buy the homes that Baby Boomers leave behind to their Millennial heirs? The heirs will likely sell to whomever offers the highest price, and in places with high land values, that's developers.

More proof we live in the funniest timeline.

Do socialists want to "burn it all down," or are they just frustrated that they can't afford a life where they rely on their friends, family and communities because they can't even afford their basic need of housing? I discuss with Carlo Versano on Newsweek's The 1600 Podcast.

Ever wonder why there are random parking lots in NYC? It's because our tax system rewards land holders and penalizes building. A Land Value Tax would force development and help solve the housing crisis! 📉🏡

Hate the Game (Kindle Edition) is currently on sale for only $2.99!

From my latest livestream: President Trump cancels signing of housing affordability bill, allegedly says: "No one gives sh*t about housing." I strongly disagree. Everyone needs a place to live, ergo everyone cares about housing.

Three minutes of comedians understanding urban policy better than most politicians.

In my livestream, I read a news article that claimed Francesca Hong supports rent control in Wisconsin. But her policy page doesn't mention rent control! I guess it's easier to dismiss the leftist candidate with "rent control bad" arguments, even when that's not her actual policy stance.

Looks like Warsh is sticking to his hawkish principles. The last sentence reaffirming the Fed's commitment to fight inflation says a lot even if the statement is short in word length.

AI money is flooding into Bay Area real estate. $500K signing bonuses. Surging stock comp. Pre-IPO hype ahead of OpenAI going public. One SF home listed at $2.995M will even accept AI company stock as payment. Would you sell your house for pre-IPO shares?

It's back in stock on Amazon for only $9.42 but you can get it for free at your local library! (And if your library doesn't have it, ask them to order it!) a.co/d/08xKQXBh

The biggest misconception I hear in real estate is that high property taxes are bad for home values, but property taxes (when spent effectively) protect your home's value. Check out this clip from my latest livestream 👇

This is so embarrassing. Zero effort, bad faith arguments. Also I'm pretty sure Gen Z cares a lot about climate change.

You mean the guy that dug through the private lending documents of our first Black woman Federal Reserve Board Governor to get her fired is now in charge of national intelligence?

If your man has a more intimate relationship with ChatGPT than with you, that's a deal breaker ladies 🥴

Question from my latest livestream (every Thursday at 3ET). What can recent grads do to get hired in the age of AI?

Land value tax explained in one minute.

Apropos of nothing. One of my all time favorite video games is Tropico where your role play a dictator. You can win by carefully managing the needs of your citizens along with the economy, but you can also win by funneling money into a Swiss Bank Account and absconding.

Oil futures are climbing again! The Strait of Hormuz has now been closed since end of February, and markets that priced in a short war are starting to reprice. Mortgage rates are up because of it. We're not at the $10/gallon doomsday yet, but every week this drags on, the odds creep higher.

The AI boom isn't lifting all boats. Since Nov 2022, SF luxury home prices rose 13.4% while affordable areas declined. This real estate divide mirrors the gap between tech’s big winners and workers fearing AI replacement. 🤖🏘️

Why are we bulldozing forests while city parking lots sit empty? 🌳🚫 It’s the tax code. By taxing buildings instead of just land, we incentivize sprawl. But a solution from the 1800s is back: Land Value Tax. 📈 The key to affordable housing AND a greener planet?🌎🏙️

I had a great time joining Planet Money on their book tour. Go get the book!

One of the most unexpected accomplishments of my book is that now when you search for "Hate the Game" my book is the first result. It used to be a Young Thug song, but not anymore. A cultural victory for Hate the Game the Book!

I can't believe it's been one whole year since Hate the Game hit bookshelves! Writing this book was one of the most rewarding experiences of my life and I'm so grateful it reached so many readers.

More sellers are cutting prices than any February since 2012, and they are having to adjust their expectations down by $40k on average. That's according to a new Redfin report (link in thread).

Spotted at the local library 📖 👀

Holy cow, rates up to 6.53% today! A borrower putting 20% down on a $600,000 home would pay $168 more now than they would have the day before the U.S. bombed Iran when rates were 5.99%. War is costly in innumerable ways, including the cost of homeownership.