We have a shrinking negative money supply because of the actions of the Fed to fight inflation.
And that hurts interest rate-sensitive industries like our industry. And so people in their relationship with money have a lot to do with how well they do in life or with their businesses.
Some people are more aggressive with their money. Some people don't like to lose money. We've seen companies fold up tents, shut down entire wholesale channels, or some of the non-QM lenders not have enough liquidity and go bye-bye overnight.
Home affordability is a big deal.
Our administration and all the housing think tanks are really trying hard. We're all trying hard to serve our communities.
With interest rates high and home prices high, 80% of people under the median income cannot afford a house and that's a sad state of affairs considering that two-thirds of America almost own a home.
So we have a mission.
#moneysupply #shrinkingmoneysupply #fightinflation #interestratesensitiveindustry #homeaffordability #homeprices #interestrates #housing #KPTalks
