Justin Colby

You call this something, by the way, right?

You call this something, by the way, right?

When you first said it, I get it. I don't know if I can say it, but I get it. Inflation-induced house. Debt destruction. Debt destruction. Okay. So first of all, I do want everyone to destroy debt.

When you first said it, I get it. I don't know if I can say it, but I get it. Inflation-induced house. Debt destruction. Debt destruction. Okay. So first of all, I do want everyone to destroy debt.

So let's talk about this because I think it's really brilliant. I've heard you speak from stage on it. I'm excited to have you here and share with it. Give me the concept.

So let's talk about this because I think it's really brilliant. I've heard you speak from stage on it. I'm excited to have you here and share with it. Give me the concept.

I mean, there's a massive housing shortage. Well, that's why when you said 750,000, I was like, we should be at like 3%. Yeah. We're at a half a percent, right? And so it's just like, I'm like, we should have three, you know, three and a half million units.

I mean, there's a massive housing shortage. Well, that's why when you said 750,000, I was like, we should be at like 3%. Yeah. We're at a half a percent, right? And so it's just like, I'm like, we should have three, you know, three and a half million units.

So, you know, we agree. And it's just in what you're about to talk about. Unfortunately, there's no saving this right now. I don't I don't see any next five to 10 years. Some big amount of construction happening. We're only producing more people. We're only getting older. Everyone's needing housing. They need a place to rent. They need a place to buy. Yeah. I don't see construction.

So, you know, we agree. And it's just in what you're about to talk about. Unfortunately, there's no saving this right now. I don't I don't see any next five to 10 years. Some big amount of construction happening. We're only producing more people. We're only getting older. Everyone's needing housing. They need a place to rent. They need a place to buy. Yeah. I don't see construction.

COVID to me was the impetus of this harm, right? I think we weren't in a great place to start and COVID crushed it.

COVID to me was the impetus of this harm, right? I think we weren't in a great place to start and COVID crushed it.

There's no builders out there that can build that volume. In fact, some of the builders now have changed their entire model, build to rent, right? Which yes, people will rent them, but there's not going to be this, in my opinion, you know infinitely more because you study it hard, but... We don't have a savior in the next five to 10 years of this infinite market.

There's no builders out there that can build that volume. In fact, some of the builders now have changed their entire model, build to rent, right? Which yes, people will rent them, but there's not going to be this, in my opinion, you know infinitely more because you study it hard, but... We don't have a savior in the next five to 10 years of this infinite market.

You know, there's not going to come to market, you know, 10 million homes. Yeah. Right. So it's just not going to happen, which means what? You're going to have higher prices for the next five to 10 years.

You know, there's not going to come to market, you know, 10 million homes. Yeah. Right. So it's just not going to happen, which means what? You're going to have higher prices for the next five to 10 years.

In fact, it's actually in real estate specifically the exact opposite.

In fact, it's actually in real estate specifically the exact opposite.

OK, well, it could be mass produced.

OK, well, it could be mass produced.