Jack Ryan on The Housing Cartel That's Stifling The American Economy
b'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.'