Jack Ryan on The Housing Cartel That's Stifling The American Economy
Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG.\nJack Ryan\u2019s book: https://www.simonandschuster.com/books/Bringing-Adam-Smith-into-the-American-Home/Jack-Ryan/9798888451946\nFollow VanEck on Twitter https://twitter.com/vaneck_us\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n__\n\nTimestamps:\n(00:00) Introduction\n(01:01) The Residential Agency Brokerage Business Is \u201cThe Largest Cartel In The U.S.\u201d Argues Jack Ryan\n(18:01) Is This Legal?\n(23:24) Role of Multiple Listing Services (MLSs)\n(28:32) Zillow\u2019s Business Model\n(35:24) VanEck Ad\n(36:04) Rex\u2019s Plans To Go Public Disintegrated After Material Slowdown In Business Upon Zillow Change\n(39:39) Long And Short Ideas If Brokerage Fees Were To Go Down\n(44:26) If Brokerage Is Such A Good Business, Where Are All The Excess Profits?\n(48:40) How Zillow\u2019s Business Decision May Have Impacted Rex Homes\n(54:11) Rex\u2019s Lawsuit Against Zillow, NAR, and Trulia\n(01:05:55) National Association of Realtors (NAR) Has A Grip On Washington DC\n(01:11:59) Closing Thoughts On Strength Of U.S. Housing Market\n__\nDisclaimer: 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.