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“Our view at Divi is that we're gonna start to see heading into Q-one year-on-year declines in home prices across Economist. That is likely to be somewhere around 10 to 15% year-on-year home price declines.”

“So I don't think that we're going to see something as extreme as the, that last housing crisis.”

“What I do think is that we are going to wipe out some of the gains that were made in the last two to three years.”

“99% of wealth, ah, is owned by the top 50%, and the bottom 50% only own one percent of wealth here in the United States.”

“At some point there's gonna be enough inventory coming online, that there's going to be enough supply, and a decrease enough in demand that it will impact home prices. Now, I don't know that that's gonna be in the next six months. I actually think it's gonna b…”

“Based off of our 7.15% average 30 year fixed rate mortgage and then based off of an average home price of 400,000 dollars, 400,000 dollars, which is the average home price in, in the U.S. Only 20%, 20% of Americans, based off the median income, ah, at differen…”

“There is right now over 50% of homes have 50% or greater equity in the property.”

“We've seen migration to new cities that I think is going to actually stick, right?”

“The bottom 50% Of families and household own one percent of overall equities in the market, and when you look at directly held stocks, so stocks in the stock market, they own zero percent, right?”

“Homeowners, on average, have 75 times The net worth of a renter.”

“51% of Divi's customers who have come to the end of their three-year lease have been able to buy back their home.”

“Where we're almost probably going to be at about 25% all-in profit margin.”

“I think that most builders missed their Q1 numbers of how many houses they were actually going to build by almost 60% which was mostly supply chain.”

“At Debbie, we build a really scalable model with positive unit economics for every home that we end up bringing onto our portfolio”

“I mean, for our company, we have a singular focus, which is a 100,000 homes for Divi families. The largest read in the U.S. Is about 80,000 homes, so we want to Topple that. And our clear path is just create an easier way to move into homeownership for a large…”

“We've gone from having a six 90 average FICO for mortgages up to about a seven 40 average FICO today. While this maybe doesn't seem like a tremendous jump, it actually cuts out about 20% of US consumers, so it had a pretty big impact.”

“We get more rent per home on sort of a constant purchase price basis versus any of the public REITs.”

“The underwriting criteria and the way mortgages were structured were determined then and have yet to evolve since that point in time. So the underwriting criteria, the down payment requirements, most of how the industry functions is almost a hundred years old.”

“That is probably the lowest they're gonna be in a really, really long time.”

“The cheapest that a home builder can build a home is roughly 200,000 dollars.”

“This year alone will deploy over a billion dollars of capital.”

“When the global financial crisis happened, there were such, ah, very high fees and penalties that went for banks that didn't have really strict overlays that actually had a ton of defaults. And so now banks are super nervous To lend to people, and actually tak…”

“I think we are starting to feel the switch towards instead of just growing really quickly at all costs, grow more thoughtfully. You still have to grow, but grow more thoughtfully, which I think more and more folks kind of getting their head around.”

“I found that those underwriting requirements are fundamentally the same requirements that we have today.”

“Our customers on average make household income right around a 100,000 dollars.”

“51% Of our customers are non-salaried, meaning that they're not W-II. They'll be a 10 99 hourly so gig economy.”

“Over 50% of our customers are underrepresented minorities, And with our transactions, ah, they're 80% female-led.”

“Transaction volume is a down right now about 20% year on year.”

“50% of our customers are people of color, and 80% of our transactions are female-led.”

“Bottom of the stock market for the global financial crisis? 3:09 oh nine. Bottom of housing prices? June of 2012. Three years later.”

“Today, Square Capital is probably a multi-billion dollar business within Square itself.”

“And so today we get almost half of our customers who close on a home, we get them through real estate agent referrals.”

“We saw about a jump in 20% of, in the rate of home ownership over time.”

“So this chart is the rate of home ownership on a constant age basis, and what you can see is that millennials today have a home ownership rate of about 37%.”

“First-time homebuyers used to be about 50% of the offers that got put out. Today, it's only about a third.”

“Even more depressing is when first-time homebuyers do put offers on their house, 76% of the time they have to put less than the recommended 20% down payment.”

“But if you look at the decline in the 150,000 dollar price tier, you can see that the decline was almost 35%, which was greater than the decline we saw in 300,000 dollar homes and 500,000 dollar homes.”

“The median home price has grown by a 120% since 1997.”

“The FHA created the fixed thirty-year mortgage, and they really lowered down payment requirements.”