In The News 12.26.22 Housing, Entrepreneurship, and Weed.
‘We’re in a housing recession right now,’ expert says https://finance.yahoo.com/news/were-in-a-housing-recession-right-now-expert-says-135443924.html
The Takeaway: Increased interest rates, higher home prices, and overall inflation are making it harder for first-time homebuyers. The average age for first-time buyers has increased from 33 to 36 years of age.
How to start your own business in 2023, from 4 entrepreneurs who took the leap https://www.businessinsider.com/how-start-business-2023-four-entrepreneurs-made-money-quit-jobs-2022-12
The Takeaway: The New Year is around the corner and many will revisit their employment goals for the future. Starting their own business might be the next step for some. Learn from some that have made the leap and read their stories.
A national weed glut is causing prices to plummet and imperiling businesses https://www.politico.com/news/2022/12/25/weed-prices-business-michigan-00075485
The Takeaway: In Michigan, the number of cultivators has doubled while prices have dropped by 75 percent. Turns out that weed is a good example of perfectly competitive markets and is not immune to the principles of supply and demand.
