From Fires to Foreclosures

Today’s discussion was about severe weather conditions, with heavy rain in Los Angeles and snowstorms in Reno affecting the show's participants. He expresses serious concern about toxic debris from recent fires (Eaten fire in Altadena and Palisades fire) being washed into the ocean due to rain, criticizing local leaders Karen Bass and Gavin Newsom for delayed cleanup efforts. Apple's partnership with Alibaba for AI features in Chinese iPhones, raising national security concerns. Analyzing the housing crisis, highlighting how BlackRock, State Street, and Vanguard are buying up single-family homes. He notes these corporations could own 60% of American homes by 2030, with house prices increasing from $215,000 to $400,000 in two years, while interest rates rose from 1% to 7%.

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