Calculated Risk Blogger Sees Warning Signs in Housing

The transcript discusses economic concerns, particularly in California's high-end real estate market, noting a surplus of luxury homes and potential impacts from reduced demand by Chinese buyers. It compares California's market to the national scene, highlighting unique factors like high prices and strong economy. The conversation also touches on business optimism about the Trump administration's policies, questioning the tangible effects of anticipated tax cuts and deregulation.

In what ways does the California property market differ from the rest of the country?

What are the expectations regarding the Trump administration's economic policies?