Dave:
Last week I spent an entire episode laying out that I think we are in a market correction. We’re not in a crash, but we’re in a period where home prices may go down, they may stay stagnant. And I hope that was a helpful conversation for ever to just to have realistic expectations for what to expect over the next couple of years. So today we’re going to shift that conversation from just data and background towards what you can actually do about it. In today’s episode, I’m joined by Kathy Fettke and Henry Washington to pressure test the frameworks and the data that I presented last week. I’d obviously love their opinion, compare notes on what they’re seeing in their own analysis of the market and turn the playbook into practical steps. During this episode, we’re going to talk about trends that we’re seeing in each of our own markets, how we’re adjusting our own investing strategy and frameworks that you can all apply to your portfolios to make profitable decisions during this market correction you’re listening to on the market. Let’s get into it.
Alright, well I am assuming you guys don’t listen to on the markets episodes when you’re not on it. I won’t take offense. Last week I did a solo episode just sort of laying out what I believe to be the reality of the situations that we’re in a market correction. Basically the gist of it is that home prices are up one or 2% in real terms, but if you look at inflation adjusted terms, prices have been pretty flat or a little bit down for almost three years now, and I actually think that’s going to get a little bit more pronounced in the next year or so. I think the market is really slowing down and we might see nominal non inflation adjusted home prices go down one or 2% more in certain markets we’re seeing in Florida, Texas, they’re already down more than that. But on a national level, a couple percentage points, do you agree? Do you think that’s crazy? Do you think we’re going…