Betsy Lasch

Owner at Lasch Livestock & Land Solutions, focusing on farming, family, and faith. Wife to @AdamLasch1.

[Melody Wright @m3_melody]

Completely agree

By the by, what I learned managing default during the GFC...the rich never pay, they walk away

They find fancy ways through trusts and sundry to mitigate exposure

[Betsy Lasch @BetsyLasch]

The love of money is the root of all evil.

We have prioritized money above religion, children, and community.

[Kyla Scanlon @kylascan]

One of the most important things to understand about the moment we are living in

[Amy Nixon @texasrunnerDFW]

We are not prepared for the uncharted housing market territory ahead of us

We hear about the large boomer generation, their stake in US homeownership, and the coming “Silver Tsunami”

But we don’t have any context for it

Throughout history, generations passed on and their housing has recycled through the system to larger generations coming after them. Most households owned one home and there was never any flood of supply or pricing problems

But there also has never been another generation that both

A. Is this huge
B. Owns so many US homes

Boomers love houses

How many of you have a boomer uncle or grandparent who owns 2, 3, 4 houses?

Maybe a primary, a vacation home and rental too?

Never before in US history has so much of the middle class of a generation owned multiple homes like this

The number of 65+ households owning multiple homes has 5x’d since 1970

The resulting effect is that for ~1/5 boomer households that pass away, 2-3 properties may hit the market at once

And the upcoming generations to absorb all these properties are not large in size and are not coupling at the same rate

We’ve never lived through anything like this before

[Deep Psychology @DeepPsycho_HQ]

My grandma once told me the “Chair Theory” and I never looked the relationships the same way.

She said…

If you walk into a room and there aren’t enough chairs for everyone, pay attention.

Some people will grab another chair for you.
Some will offer you theirs.
Some will shift around to make space.

And some people?

Will stay exactly where they are
while you’re left standing.

That’s when people reveal themselves.

Because life works the same way.

Some people naturally make room for you.
They support you, include you, and genuinely want to see you grow.

Others will watch you struggle
without ever moving an inch.

Notice the ones who make space for you.

Those are your people.

The rest?
Let them stay where they are.

[Amy Nixon @texasrunnerDFW]

What people who want to cancel property taxes are really advocating for is higher sales taxes and higher income tax

The burden of both those is disproportionately carried by young, working families at the height of their income and consumption stage in life

[Betsy Lasch @BetsyLasch]

I think 6 different weather alerts for our area may be a bit much. Tornado warning, tornado watch, flood watch, aerial flooding, and 2 different severe thunderstorm warnings.

[Betsy Lasch @BetsyLasch]

@MattHintz3 @DamianPMason @steffensenry25 @partialtruth @AdamLasch1 @ElliottHenders7

[Betsy Lasch @BetsyLasch]

@AdamLasch1 @Vertzy24 @riley_sides It should be known that @AdamLasch1 was the one who wanted to milk miserable brown barn rats, and now they're being phased out. Fafo and now they get to have beef embryo calves. It's like milking cows on that hot/crazy girl matrix.

[Danielle DiMartino Booth @DiMartinoBooth]

Repeat after me: There is NO housing shortage.

There IS a yawning housing DISCONNECT between Boomers (avg # children=3.2) & Millennials (avg # children=2.0) & Gen Z (TBD but much lower).

WHO will buy Boomers’ homes as they die?

Multigenerational HH formation to keep rising.

[Betsy Lasch @BetsyLasch]

I don't buy it. That's taking the past 20 yrs and projecting it out. Great levelers always occur during a 4th turning and redistribution happens. Where has great wealth accumulated?
At some point, a return to labor will happen. We're in the transition.

https://t.co/dhzd9AgTnu

[EndGame Macro @onechancefreedm]

78% of GDP Growth Came From What Households Can’t Avoid

Roughly 78% of the entire GDP print came from a small cluster of mostly non discretionary categories like health care, housing, and government.

That’s why a lot of the booming economy narratives don’t hold up under inspection. This isn’t a booming, choice driven consumer splurging on wants. It’s rent and shelter, medical spending, and public outlays doing the heavy lifting, the payments that keep flowing even when households are getting squeezed.

When growth is dominated by things people can’t easily cut, it’s less a sign of broad based strength and more a sign the economy is being carried by fixed costs and the public sector, not discretionary demand.

[Betsy Lasch @BetsyLasch]

@cynicalmilkmaid I feel ya. I know it's easy to get discouraged, especially when everything feels like it's falling apart. God's got you covered. When all else fails, look to Him. He's carried us through some pretty rough seasons of life.

[Betsy Lasch @BetsyLasch]

@cynicalmilkmaid Might not hurt to check them and see if they're all pitted on the inside. We started having some wonky numbers this winter, and we ended up changing them after looking at everything else. Once we changed them, problem solved.

[Betsy Lasch @BetsyLasch]

@ZomTogas @untappedgrowth @JRcowfarmer @AdamLasch1 So, what do you deem as generalization? And what makes you think it's failing?

[Betsy Lasch @BetsyLasch]

@ZomTogas @untappedgrowth @JRcowfarmer @AdamLasch1 Generalization is working. It allows you to change as conditions dictate. Being nimble in changing directions is the key, and being contrary to what the older demographic is doing. Generalization isn't immediate gratification, it's a long term play.

[Betsy Lasch @BetsyLasch]

@ZomTogas @untappedgrowth @JRcowfarmer @AdamLasch1 No, it's understanding what is to come and figuring out how your business fits into something that can ride the waves to that end point. It's only risky if you stay the same. Everything has an opportunity cost. You must decide what that cost is.

[Betsy Lasch @BetsyLasch]

@ZomTogas @untappedgrowth @JRcowfarmer @AdamLasch1 That's because it's still an institutional model. You're going to have to do things very differently and it's going to be hard and risky. The new model isn't made yet. It'll be forged with the fires from the old model. We probably have 5-10 yrs to go before we have a new system.

[Betsy Lasch @BetsyLasch]

@ZomTogas @untappedgrowth @JRcowfarmer @AdamLasch1 I think it's going to become the era of generalization and less of specialization, so the farmer will have to do more marketing of the farms products.