August 2021

Companies like Opendoor, Zillow, and Offerpad who buy your home instantly are paying above-market prices and selling for more upside right now. How long can this last?
  Mike DelPrete (mikedp.com) and   Julian Hebron (thebasispoint.com)
August 10, 2021
 

With unprecedented demand and constrained supply, house prices are rising across the U.S. Consequently, the iBuyers -- led by Opendoor, Zillow, and Offerpad -- are paying record-high, above market values for the homes they’re purchasing from homeowners. But they're also reselling them for more money.

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How the Fed Ease Up On Rate Stimulus Without Causing a Market Tantrum
  Joe Weisenthal (bloomberg.com) and   Julian Hebron (thebasispoint.com)
August 9, 2021
 
 

The strong jobs report on Friday seems likely to accelerate the discussion about the eventual wind down of the Federal Reserve’s asset purchases. Since the crisis hit in early 2020, the Fed has been buying $120 billion worth of Treasuries and mortgage-backed securities a month. And at some point, these purchases will likely be tapered down before ceasing completely.

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LOL! “There will be a big group meeting every morning where you and your coworkers go around in a circle and tell each other what a great job you’re all doing. Does that sound like a reasonable replacement for fair monetary compensation?”
  McSweeney's (mcsweeneys.net) and   Julian Hebron (thebasispoint.com)
August 6, 2021
 
 

We Will Do Anything to Get You to Work for Us Except Pay You Enough. Please come work for us. We’ll do anything. We’ll give you free parking. We’ll give you 10 percent off in-store purchases. But...

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