Bret Weinstein
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Appearances Over Time
Podcast Appearances
The starter homes are marketed to people who can't afford.
They can't qualify for a mortgage.
So the starter business has completely disappeared.
BlackRock has no financial incentive in getting them started.
Let's give them the incentive.
So what happens is what normally happened back in 1970 or 1980 or 1990 before the housing crisis is that you started with a starter home.
You built up equity, and then you moved to the 3-2 and the 4-3.
But if you don't have the ability to get a mortgage to get to the starter home, you're stuck renting for the rest of your life.
A doctor feels they have to- They're huge.
I mean, peer pressure and- So I'm not surprised they're at number six at all.
I'm sorry.
The takeaway here is about personality, right?
Accountants and engineers, analytical, disciplined, patient, lack of impulsivity.
Absolutely.
I saw it in the clients that I manage money for.
Patience and perseverance are huge.
The biggest mistake in building wealth is having a big down year.
So that's usually impulsivity and risk-taking that's not.
Big down year.
Big down year.