Leaving California, Volcker Shocks, and the Housing Collapse

Time for reflection

Some days, time passes slowly. And then suddenly a week blazes past and you hardly have time to process what happened. This was one of those weeks.

This week delivered a double-whammy: More news about the rate hikes from the Fed, and a sign that the housing market could finally be reversing. On top of that, there was my bittersweet first anniversary of leaving California and moving to Vegas.

With that said, let’s dive right into this week’s round-up!

The real reason I left California

Some decisions are really hard to make - and leaving the place I grew up in, made friends, and built my career was a tough choice. But one year after leaving Los Angeles for Las Vegas, I explain why it was the right decision. California’s been in the news a lot of late, but as someone who’s spent virtually his entire life there, here’s my take on the problem. From rising taxes to living costs to adjusting to life in a new city, this video covers it all - and adds context to anyone thinking about making a change!

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The Fed gets serious

History doesn’t repeat itself, but it often rhymes.

- Wallstreetbets

The Fed rate hikes planned this year have already taken the market on a rollercoaster ride - but with Jerome Powell greenlighting hikes of 50 basis points, and the Fed accelerating its plan of action, the economy might go into something that we haven’t seen in almost 50 years - A Volcker shock. In this video, I’ll take you through what the Fed’s job is, how rate hikes have happened in the past, and why a Volcker shock is such a big deal. So hop on to know what the Fed rates mean for the stock market, the housing market, and most important of all, your money!

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We need to talk…

… about the housing market. After a steady price increase over the last two years and bidding wars for the chance to buy a house, we just might be seeing a reversal with asking prices for houses coming down. There’s a lot to unpack here: Mortgage rates rocketing up, lack of inventory, and a waning number of applications… But the big question is - Will housing prices drop over the long term, and what should you do if you are in the market? Join me as I break it down for you.

And oh, I almost forgot - I’m buying a new property. Bet you didn’t see that coming!

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So that’s it for my Sunday round-up. For the new folks here, in this newsletter, I give a quick recap of whatever you may have missed over the week on Sunday, and on Wednesday, I will be doing my deep-dive article on one of these topics.

See you next week with another bunch of exciting videos!

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