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Grass Clippings Lights up Arizona, Homeownership Costs, An Update On The Degenerate Economy
The Social Leverage Letter | Issue #143
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Grass Clippings (Fund IV) has transformed Rolling Hills Golf Course in Tempe into Arizona's first fully lit 18-hole golf course, allowing golfers to play until 1 a.m. This venture aims to grow the game by creating a welcoming environment for all players and has introduced unique elements like a sneaker-themed pro shop and par-3 night tournaments.
U.S. homeownership costs have risen 26% since 2020, adding an average of $1,510 monthly due to increased maintenance and property taxes. Utah saw the highest increase at 44%, while Texas had the lowest at 14%. These cost surges reflect broader economic trends and inflation, influencing housing market dynamics and necessitating financial preparedness for potential buyers.
Howard gives an update on what he’s dubbed the “Degenerate Economy” and highlights an ETF he created that tracks degenerate economy names and has outperformed the market. Howard notes that this audience thrives despite high interest rates, driven by factors like sports betting and a speculative culture.
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I. Asset Allocation, Momentum Trading, & Recession-Resilient Portfolios | Ryan Detrick (Carson Group)
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