Independent Real Estate Market Analyst. Former: Real Estate Agent, Forbes .com Contributor, Int'l Ag Trade Economist at USDA, Ag Attaché U.S. Embassy in Paris
Arizona, USA
Joined September 2009
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John Wake retweeted
The stock market is valued at 34.2x corporate profits.
That’s a record, higher than the 33.4x peak in early 2000.
But valuations tell you very little about whether a recession is coming.
What they do tell you is how much damage a recession does...
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John Wake retweeted
The monthly mortgage payment on the typical US home is about $1,180 higher than it was ten years ago. It's an even split: half of the additional cost comes from higher prices, half from higher rates.
John Wake retweeted
Somehow there’s capital to build in the LA-Orange county metro! Permits so far in 2026 are the second-fastest start to a year since 1990. See: tinyurl.com/LAOCboom
John Wake retweeted
The Fed recently released data suggesting that young adults are getting poorer. As the WSJ put it, "wealth increased 37% for Americans 75 and older, while it declined 23% for people under 35." But "under 35" in 2022 and "under 35" in 2025 are different people. If you follow the same people over time you can see that everybody—even young adults—are getting richer.
John Wake retweeted
Article surfaces about the inadequacy of the "supply" narrative.
"As long as politicians insist
“more supply” is the only solu-
tion, while ignoring demand from
investors, their housing policies
will keep missing the mark."
drive.google.com/file/d/1mnB…
This chart gives all of the data informing the result:
1980’s Spain, where a Basque demonstration takes a turn for the worse
- Travelmag
travelmag.co.uk/2026/10/1980…
Dan Wake’s ‘Eat the Wind’ Recalls a Decade of Unscripted Global Adventures
newyorktrendnyc.com/2026/10/…
💯
Article surfaces about the inadequacy of the "supply" narrative.
"As long as politicians insist
“more supply” is the only solu-
tion, while ignoring demand from
investors, their housing policies
will keep missing the mark."
drive.google.com/file/d/1mnB…
This chart gives all of the data informing the result:
