First-time Buyers Will Feel Inflation The Hardest in 2022, Real Estate Demand Will Keep Soaring

• 7 min read
First-time Buyers Will Feel Inflation The Hardest in 2022, Real Estate Demand Will Keep Soaring

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Tesla shares dip in premarket trading after CEO Elon Musk sells more shares
Elon Musk sold close to a million more shares on Monday as he brings closer his goal to sell a 10% stake in the electric car maker.

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Tesla shares dip in premarket trading after CEO Elon Musk sells more shares. Musk exercised options to buy 2.1 million shares of TSLA at $6.24 each, then sold 934,091 at prices between $952 to $1,002, for a total of about $906.5 million, according to filings with the SEC. The latest batch brings his total sales to around $11.76 billion since Nov. 8, a day after his Twitter poll voted for him to sell a 10% stake in Tesla. As of Dec. 9, he owned a 17.16% stake in the company, according to FactSet Research.


Subscribe to read | Financial Times
News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Toyota to spend $35 billion on electric push in an effort to take on Tesla. It aims to sell 3.5m battery-powered vehicles annually by 2030, with the launch of 30 EV models by then in a line-up including sports cars and commercial vehicles. Toyota said the company’s high-end Lexus brand would be at the forefront of the company’s more aggressive battery push, with all of these models becoming pure electric by 2035. The company plans to target customers in the US and China, where the brand is popular.


Morgan Stanley’s Adam Jonas shares his auto and EV stock picks for 2022
Morgan Stanley’s Adam Jonas said investors should brace themselves for volatility in the auto sector next year and named stock picks to ride out the action.

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Morgan Stanley’s Adam Jonas says there will be volatility in the automotive sector next year. Jonas expects demand for autos to exceed production capacities for both electric and traditional internal combustion engine vehicles in 2022. He predicts 2022 will see higher production levels, flat or lower prices, persistent raw material and labor inflation, more share issuances and EV carve-outs, fewer SPACs and greater shareholder activism. The analyst’s stock picks for 2022 include newly public EV start-up Rivian, EV incumbent Tesla and legacy name General Motors.


Vox Media to Acquire Group Nine Media, Creating One of the Biggest Media Companies in US
Mass media company Vox Media is acquiring Group Nine Media in a move that will create one of the ...

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Vox Media is acquiring Group Nine Media in a move that will create one of the biggest media companies in the United States. Group Nine, a digital media company based in New York City, is home to brands including The Dodo, NowThis, Thrillist, Seeker, and PopSugar. The merger further strengthens Vox Media’s business, reaching audiences at scale on all platforms, from podcasts to premium streaming services like Netflix and Hulu, from YouTube to TikTok and Roku, from owned and operated websites to an iconic print magazine. The deal is expected to close in early 2022 and is also outside of the Group Nine SPAC.


The Great Bifurcation
Tracing the evolution of tech’s three eras, and why the fourth era — the Metaverse — is defined by its bifurcation with the physical world.

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The Metaverse is not about eating the world; it’s about creating an entirely new one, from entertainment to community to money to identity. If Elon Musk wants to go to the moon, Mark Zuckerberg wants to create entirely new moons in digital space. This is a place where LLCs make no sense, where regulations are an after-thought, easily circumvented even if they exist. This is a place with no need for traditional money, or traditional art; the native solution is obviously superior. In the end, the most important connection between the Metaverse and the physical world will be you, says The Stratechery.


Homeowners are sitting on record equity, so here’s how to cash out when mortgage rates are rising
Homeowners are sitting on a record amount of cash, but taking it out becomes harder as rates rise.

What You Need To Know

American homeowners are sitting on a record amount of home equity. By the end of the third quarter, borrowers had a record $9.4 trillion in tappable home equity collectively, or an average of $178,000 per borrower, according to Black Knight. That marks a 32% jump year-over-year. As the available cash climbed, borrowers took equity out of their homes during the third quarter at the highest rate in 14 years. Soaring housing demand over the past year and a half, driven in large part by the pandemic, caused home prices to spike.


First-time homebuyers to be hit hardest by inflation in 2022
Real estate coach Brian Buffini shared his annual predictions for the year ahead during a webcast in which he urged agents to hunker down on the fundamentals of their training and get back to basics in preparation for a market shift.

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First-time buyers will most likely feel the effects of inflation the hardest in 2022. Increased inflation will also create more real estate demand, as it’s generally viewed as one of the best hedges against inflation. Moving into mid-year, the market will likely start to see a slow down and fewer offers over-asking. With higher income individuals having largely suffered the least as a result of the pandemic, high-end real estate will be the last sector of the market to slow down, says Brian Buffini real estate coaching business Buffini & Company.


Cryptocurrency platform FTX will pay Golden State Warriors $10 million for global rights
The Warriors will provide FTX brand presence throughout Chase Center, the Warriors G League and NBA 2K team, and digital floor ads during RSN games.

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Cryptocurrency platform FTX will pay Golden State Warriors $10 million for global rights. The Warriors will provide FTX brand presence throughout Chase Center, the Warriors G League and NBA 2K team, and digital floor ads during RSN games. Deal terms were not made public, but people familiar with the agreement told CNBC it’s a multi-year pact. It’s the latest such agreement for FTX, which has an umpire jersey deal with Major League Baseball. It also took over naming rights to the Miami Heat arena.


Nike Buys a Virtual Sneaker Maker
Nike Inc. is acquiring a virtual collectibles company as it dives further into the metaverse.

What You Need To Know

Nike Inc. has acquired RTFKT, a digital creator of virtual sneakers, collectibles, and accessories, according to Footwear News. The terms of the deal were not disclosed. The move builds upon Nike’s goal to expand its influence in the metaverse via virtual sneakers. Nike CEO and president John Donahoe says this acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming, and culture.


Warren Buffett, Bitcoin, and Compounding
Listen now (3 min) | To investors, We have all heard Albert Einstein’s famous quote that “compounding is the eighth wonder of the world” and “he who understands it, earns it; he who doesn’t, pays for it.” This concept sounds great as a theory, but there is something incredible when you actually see…

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Young Bitcoin investors are outperforming their stock investing peers. Over the past 30 years, the S&P 500 index has delivered a compound average annual growth rate of 10.7% per year. This means that if you start with $10,000 it would have grown into more than $211,000 over the 30 year period. Compare this with Bitcoin, which has a compound annual growth rate of 161.4% over the last decade, and you can see why so many young bitcoin investors are outperforming their stock investing peers, says The Pomp.


← Fed Set To Aggressively Dial Back Bond Buying, Three Rate Hikes Coming in 2022
Ultra-Luxury Real Estate Market in This State Smashes Records As Sales Soar 600% →

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