James Rodriguez

Yeah.

Yeah.

Yeah. So you think of a baby boomer who maybe they bought a home in 1994 and they hold on to it for the life of their mortgage for 30 years. And then they sold last year for, if you look at typical home price increases, a 305% gain. So that's, you know, say they bought a $300,000 home, it's worth more than a million dollars by the time they sell it.

Yeah. So you think of a baby boomer who maybe they bought a home in 1994 and they hold on to it for the life of their mortgage for 30 years. And then they sold last year for, if you look at typical home price increases, a 305% gain. So that's, you know, say they bought a $300,000 home, it's worth more than a million dollars by the time they sell it.

Yeah. So you think of a baby boomer who maybe they bought a home in 1994 and they hold on to it for the life of their mortgage for 30 years. And then they sold last year for, if you look at typical home price increases, a 305% gain. So that's, you know, say they bought a $300,000 home, it's worth more than a million dollars by the time they sell it.

It's a crazy return. It's really mind boggling to think about. And, you know, the same millennial who maybe bought a $300,000 home in 2010, they might not see as substantial increases over the next 30 years, but they still got to reap all the benefits of those crazy pandemic years when home prices were rising so around 50%. And so you bring that forward and you consider all the gains since 2010.

It's a crazy return. It's really mind boggling to think about. And, you know, the same millennial who maybe bought a $300,000 home in 2010, they might not see as substantial increases over the next 30 years, but they still got to reap all the benefits of those crazy pandemic years when home prices were rising so around 50%. And so you bring that forward and you consider all the gains since 2010.

It's a crazy return. It's really mind boggling to think about. And, you know, the same millennial who maybe bought a $300,000 home in 2010, they might not see as substantial increases over the next 30 years, but they still got to reap all the benefits of those crazy pandemic years when home prices were rising so around 50%. And so you bring that forward and you consider all the gains since 2010.

And then you look at people who are buying homes today and it starts to raise questions about, will younger buyers today get the same financial benefits of homeownership as their predecessors?

And then you look at people who are buying homes today and it starts to raise questions about, will younger buyers today get the same financial benefits of homeownership as their predecessors?

And then you look at people who are buying homes today and it starts to raise questions about, will younger buyers today get the same financial benefits of homeownership as their predecessors?

I think that's a really interesting question and one that honestly we don't know because for so long it has been looked at as the primary method of wealth building. You think about millennials, the typical elder millennial who's born in the 80s, they saw their wealth, the value of their assets increase by more than 57% just between 2019 and 2022.

I think that's a really interesting question and one that honestly we don't know because for so long it has been looked at as the primary method of wealth building. You think about millennials, the typical elder millennial who's born in the 80s, they saw their wealth, the value of their assets increase by more than 57% just between 2019 and 2022.

I think that's a really interesting question and one that honestly we don't know because for so long it has been looked at as the primary method of wealth building. You think about millennials, the typical elder millennial who's born in the 80s, they saw their wealth, the value of their assets increase by more than 57% just between 2019 and 2022.

And 41% of that, 41 percentage points was attributable to real estate. Wow. So it's a huge portion of people's assets. I think it's just, it's tough because for every person who owns that real estate, it's all concentrated in this one asset that's not diversified. It's not like it's in the stock market. And if one of your

And 41% of that, 41 percentage points was attributable to real estate. Wow. So it's a huge portion of people's assets. I think it's just, it's tough because for every person who owns that real estate, it's all concentrated in this one asset that's not diversified. It's not like it's in the stock market. And if one of your

And 41% of that, 41 percentage points was attributable to real estate. Wow. So it's a huge portion of people's assets. I think it's just, it's tough because for every person who owns that real estate, it's all concentrated in this one asset that's not diversified. It's not like it's in the stock market. And if one of your

One of the companies in your portfolio tanks, it's okay because you've spread out the risk amongst multiple companies. It's really all concentrated in this one thing that can be threatened by a wildfire or a flood. And that can be concerning for anyone looking at the housing market and seeing so much of that wealth concentrated in homes.

One of the companies in your portfolio tanks, it's okay because you've spread out the risk amongst multiple companies. It's really all concentrated in this one thing that can be threatened by a wildfire or a flood. And that can be concerning for anyone looking at the housing market and seeing so much of that wealth concentrated in homes.

One of the companies in your portfolio tanks, it's okay because you've spread out the risk amongst multiple companies. It's really all concentrated in this one thing that can be threatened by a wildfire or a flood. And that can be concerning for anyone looking at the housing market and seeing so much of that wealth concentrated in homes.