I know he knows Freddie Mac

[NC Appraising]

Starts at around 23:00. Posting for entertainment purposes only. Hard to know what is real or just for clicks...

 

[Non Sequitur]

Thanks for the post, very interesting podcast. She's very knowledgeable but what I don't think she is factoring in is that nothing's normal about this market and hasn't been normal since the beginning of the pandemic. All indicators for the last couple of years have been pointing to a decline and possibly a bust in housing and CRE. But what none of the indicators can measure is the politics and manipulation of the markets. Neither party wants a housing bust on their watch and will do anything to prevent it. Case in point, the pure politics of extend and pretend policy of the last three or four years. I've seen residential real estate properties with three to four forbearance agreements in the public records, that’s unprecedented. And if anyone is paying attention to the commercial side, what's going on with extended and pretend and CRE portfolio ratios is also unprecedented, and 100% policy driven. We no longer live in a lending world where we can look to the past and have an idea of what the future holds.