Original NFNP member Mark Greaves returns for Part 2, and this time the guys finally get into the housing conversation.
Bright, Duds and Mark break down one of the biggest questions facing regular people right now:
Can anyone actually afford a house anymore?
Mark brings his mortgage experience to the table as the guys compare the housing market of 2019 to today: home prices, mortgage rates, monthly payments, insurance, income, inflation, first-time buyer age, student loans and why so many younger buyers feel completely boxed out.
From there, the conversation goes full NFNP.
Mark explains why experience matters when choosing a loan officer, why first-time buyers should shop around instead of blindly using whoever their realtor recommends, and how local banks, mortgage brokers and bigger retail lenders can all offer very different paths depending on the buyer.
Then the guys get into the bigger money questions: M1, M2, the Federal Reserve, debt, bonds, fractional reserve banking, money creation, Bitcoin, goldbacks and why Mark’s kids apparently understand inflation better than most adults.
They also talk HELOCs, home equity, property taxes and the very uncomfortable question Mark’s ten-year-old asked him:
If the government can still take your house when you stop paying property taxes… do you really own it?
And because Mark is an original NFNP member, the episode closes with old Posse stories: kindergarten soccer, Catholic school basketball, the doorknob incident, Bright’s braces, broken fingers, poker nights, grilled cheese covered in potato chips, newspaper chaos, flaming porch mistakes and the legendary stolen gas cap that was returned two years later with a note signed “the thief.”
It’s mortgages, fake money, homeownership, Bitcoin, old friends and the kind of teenage stupidity that makes you realize the original NFNP was never a podcast. It was a warning label.
Listen, follow and join the Posse:
Find Mark: http://tithelending.com & http://markgreaves.com
First and Focused with Mark Greaves
