EPISODE · May 30, 2024 · 1H 15M
Jack Ryan on The Housing Cartel That's Stifling The American Economy
from Forward Guidance · host Blockworks
Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG. Jack Ryan’s book: https://www.simonandschuster.com/books/Bringing-Adam-Smith-into-the-American-Home/Jack-Ryan/9798888451946 Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (01:01) The Residential Agency Brokerage Business Is “The Largest Cartel In The U.S.” Argues Jack Ryan (18:01) Is This Legal? (23:24) Role of Multiple Listing Services (MLSs) (28:32) Zillow’s Business Model (35:24) VanEck Ad (36:04) Rex’s Plans To Go Public Disintegrated After Material Slowdown In Business Upon Zillow Change (39:39) Long And Short Ideas If Brokerage Fees Were To Go Down (44:26) If Brokerage Is Such A Good Business, Where Are All The Excess Profits? (48:40) How Zillow’s Business Decision May Have Impacted Rex Homes (54:11) Rex’s Lawsuit Against Zillow, NAR, and Trulia (01:05:55) National Association of Realtors (NAR) Has A Grip On Washington DC (01:11:59) Closing Thoughts On Strength Of U.S. Housing Market __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
What this episode covers
Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG. Jack Ryan’s book: https://www.simonandschuster.com/books/Bringing-Adam-Smith-into-the-American-Home/Jack-Ryan/9798888451946 Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (01:01) The Residential Agency Brokerage Business Is “The Largest Cartel In The U.S.” Argues Jack Ryan (18:01) Is This Legal? (23:24) Role of Multiple Listing Services (MLSs) (28:32) Zillow’s Business Model (35:24) VanEck Ad (36:04) Rex’s Plans To Go Public Disintegrated After Material Slowdown In Business Upon Zillow Change (39:39) Long And Short Ideas If Brokerage Fees Were To Go Down (44:26) If Brokerage Is Such A Good Business, Where Are All The Excess Profits? (48:40) How Zillow’s Business Decision May Have Impacted Rex Homes (54:11) Rex’s Lawsuit Against Zillow, NAR, and Trulia (01:05:55) National Association of Realtors (NAR) Has A Grip On Washington DC (01:11:59) Closing Thoughts On Strength Of U.S. Housing Market __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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Jack Ryan on The Housing Cartel That's Stifling The American Economy
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