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.

Ver todos los episodios