Episode 71

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Published on:

13th Sep 2022

Housing Market Updates You Need to Know and the Jobs Report

Despite a few naysayers who still cry fowl, the housing recession (as it's been called by the National Associations of Realtors) continues as the Fed battles inflation. The reasons for the 'pretend it's not happening' attitude among a few pundits and so called influencers is baffling as it conflicts with nearly every data point and the opinions of many economists and experts in the field.

In today's episode of The Higher Standard, Chris and Saied discuss some of the most recent data points on the housing market, and how this information will affect you.

They discuss why many people believe that a credit crunch is the only path to difficult times, and why that kind of thinking is incorrect, if not delusional.

Chris and Saied look at the disturbing trend of otherwise intelligent people making comments and predictions that lack any kind of economist-based reasoning. They explore the idea of putting feelings before data, and why that leads to confusion and misinformation.

They also explore the latest jobs report indicating that unemployment has risen slightly from 3.5 to 3.7%, and explain why it contains some positive things for the job market, further confusing people as to where the economy is headed.

This is a show you do not want to miss! Join Chris and Saied for this fascinating conversation.

Enjoy!

What You’ll Learn in this Show:

The 'delusional' idea that a credit crunch is the only path to difficult times.
Why otherwise intelligent people are putting feelings before data, and why that's dangerous.
The latest jobs report, and why it will only add to the confusion around the economy's direction.
And so much more...

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About the Podcast

The Higher Standard

This isn’t a different standard, it’s the higher standard.

Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your hosts; Chris Naghibi and Saied Omar here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

About your host

Christopher Naghibi

Christopher M. Naghibi is the host and founder of The Higher Standard podcast — a rapidly growing media platform delivering unfiltered financial literacy, real-world entrepreneurship lessons and economic commentary for the modern era.

After nearly two decades in banking, including his most recent role as Executive Vice President and Chief Operating Officer of First Foundation Bank (NYSE: FFWM), Christopher stepped away from corporate life to build a brand rooted in truth, transparency, and modern money insights. While at First Foundation, he had executive oversight of credit, product development, depository services, retail banking, loan servicing, and commercial operations. His leadership helped scale the bank’s presence in multiple national markets from $0 to over $13 billion.

Christopher is a licensed attorney, real estate broker, and general building contractor (Class B), and he brings a rare blend of legal, operational and real estate expertise to everything he does. His early career spanned diverse lending platforms, including multifamily, commercial, private banking, and middle market lending — holding key roles at Impac Commercial Capital Corporation, U.S. Financial Services & Residential Realty, and First Fidelity Funding.

In addition to his media work, Christopher is the CEO of Black Crown Inc. and Black Crown Law APC, which oversee his private holdings and legal affairs.

He holds a Juris Doctorate from Trinity Law School, an MBA from American Heritage University, and two bachelor degrees. He is also a graduate of the Yale School of Management’s Global Executive Leadership Program.

A published author and sought-after speaker (unless it’s his son’s birthday), Christopher continues to advocate for financial empowerment. He’s worked pro bono with families in need, helped craft affordable housing programs through Habitat for Humanity, and was a founding board member of She Built This City — helping spark interest in construction and trades for women of all ages.