Earn Your Leisure

In this insightful clip, Ian Dunlap, Rashad Bilal, and Troy Millings dive deep into the current state of the US housing market as 30-year mortgage rates soar to 7.5%—levels not seen in decades. The conversation kicks off with pressing questions: Are we witnessing the early stages of a housing affordability crisis? What does this mean for homebuyers, sellers, and the broader economy?Ian discusses the broader bond market issues, including the recent U.S. Treasury auction struggles and the looming $5 trillion interest payment Americans might face over the next decade. Troy highlights how rising rates, stagnant wages, and mounting personal and institutional debt are making home ownership less attainable, especially for incoming buyers and younger generations. The group also touches on the impact of student loan debt returning from deferment, adding to the financial strains many Americans already face.Rashad brings practical advice to the table, sharing his personal experience with a cash-out refinance on an inves