• RH CEO Gary Friedman sounds the alarm on mortgage costs, rate hikes, and luxury-home sales - after invoking 'The Big Short' in a previous warning

    1 month ago - By Business Insider

    A worried trader. REUTERS/Lucas Jackson
    RH CEO Gary Friedman bemoaned slowing luxury home sales and higher mortgage and interest rates.
    The high-end furniture company's boss expects those factors to weigh on sales this year.
    Friedman warned about inflation, house prices, and rate hikes in March, referencing "The Big Short."
    RH CEO Gary Friedman issued a dire warning about raging inflation, bloated house prices, and rising interest rates earlier this year, comparing the current economic uncertainty to a scene from "The Big Short." The luxury-furniture retailer's boss reiterated his concerns...
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