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Transcript
00:00Elon Musk says that the commercial real estate space will eventually start to affect housing,
00:05and that got a lot of responses from people that disagreed with him,
00:08including the CEO of Redfin, who actually made a good point.
00:11He tweeted back at Elon saying that the loss in demand for commercial real estate
00:15is what's driving demand for residential real estate.
00:18People who work from home need more space at home.
00:20Sales volume is down because inventory is down.
00:23Today, home prices increased for a second straight month,
00:26referring to this data right here, the Case-Shiller National Home Price Index.
00:30And his argument against Elon kind of makes sense to me.
00:32He says that home values don't necessarily have to come down
00:36because all of that demand could be absorbed by the people that have left their office
00:40and instead prefer to work from home.
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