Episode 73

Published on:

20th Sep 2022

CPI is Now Irrelevant, the World Housing Crisis and Kanye West

According to an article from Bloomberg, homebuyers are pulling back as central banks raise interest rates at the fastest pace in decades, sending house prices tumbling. Meanwhile, millions of people who borrowed cheaply to purchase homes during the pandemic boom face higher payments as loans reset.

In today's episode of The Higher Standard, Chris and Saied discuss this painful housing reset in some of the hottest markets around the world, even as some so-called influencers continue to claim that house prices won't fall in the U.S. - even though they already are.

They discuss the increase in rent that appears to be rising as fast as the cost of buying (as in, rising interest rates). The latest figures from the Mortgage Bankers Association and the US Census Bureau show that rents have risen approximately 10% since the fourth quarter of 2020.

They look at Fed Governor Christopher Waller's comments that he expects to raise the central bank’s benchmark interest rate 75 basis points this month, though he’s open to a larger move depending on incoming data.

Chris and Saied also revisit the Inflation Reduction Act (Chris is still not a fan) and explain why it really is about printing money, despite what the naysayers claim.

This is a show you do not want to miss! Join Chris and Saied for this fascinating conversation.


What You’ll Learn in this Show:

  • The latest figures from the Mortgage Bankers Association and the US Census Bureau, showing that rents have risen approximately 10% since the fourth quarter of 2020.
  • Fed Governor Christopher Waller's recent comments about an expected 75 basis point increase, and the reasons why he's comfortable with an even higher increase if required.
  • The Inflation Reduction Act and why it really IS about printing money, despite what the naysayers claim.
  • And so much more...
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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your host; Chris Naghibi is here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

Follow Chris here as he posts daily: https://www.instagram.com/chrisnaghibi

About your host

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Christopher Naghibi

Christopher M. Naghibi is the Founder and Chief Executive Officer of Black Crown Inc. and Black Crown Law APC, a disruptive collective of attorneys, property managers, real estate agents and contractors who handle home sales and purchases, commercial and multifamily real estate brokerage, primarily for high net-worth and celebrity clients.

His team has over 20 years of experience, 1000+ satisfied clients, $10 million in recovered costs for clients, and in excess of $20 billion dollars in closed transactions.

As a licensed attorney, real estate broker, general contractor, and now Top 100 podcast host, Chris aims to provide free financial education that allows people to take control and democratize fear in the financial world.