Is the US housing market overvalued?

Share prices of single-family landlords, Invitation Homes, $INVH, and American Homes 4 Rent, $AMH, are trading at 35% and 20% discounts to their net asset values. By comparison, in March 2022 when the Fed began rate hikes, $INVH was trading at a record 25% premium. To put this differently, Invitation Homes’s share price now implies that average home prices should be ~$105,000 lower. The housing market is disconnected from reality. https://preview.redd.it/n4707k4hyzde1.png?width=680&format=png&auto=webp&s=4bc97ab0268ec49aac367ea7208c37e534101191 submitted by /u/Pllover12 [link] [comments]

Are Zoomers burying the alcohol industry?

https://preview.redd.it/6oxue74b5xde1.jpg?width=1170&format=pjpg&auto=webp&s=72b3d0a6564b6b51381fb1b1ba5360f7701bfaf4 Gen Z spends shockingly little on alcohol – drinking far less than their parents and spending seven times less on booze than millennials. Beer has been replaced by kombucha, noisy parties swapped for Netflix nights or Friday yoga sessions. For older generations, alcohol symbolized status, maturity, or celebration. For Zoomers, it’s just an option, not a life essential. Alcohol companies are pivoting fast, flooding the market with non-alcoholic wines and cocktails to cater to this new audience. But their real hope? Generation Alpha, set to reach adulthood in a few years. As for me, I’ll raise a cool glass today – against the trend – to the youth reshaping the world. Cheers! 🥂 submitted by /u/FXgram_ [link] [comments]