This week Ben Miller Fundrise Co-Founder and CEO joins the show. We begin by discussing the U.S public debt problem as debt to GDP remains elevated over 100%. For the second half of the conversation, we deep dive into the current state of the U.S real estate market focusing primarily on CRE. Enjoy! -- Forward Guidance is sponsored by VanEck. Learn more about VanEck Bitcoin Trust (HODL) http://vaneck.com/HODLFG. VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/us/hodlprospectus. -- Follow Ben: https://twitter.com/BenMillerise Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ -- Timestamps: (00:00) Introduction (00:47) The U.S Debt Problem (08:25) Private vs Public Debt (15:02) VanEck Ad (16:05) Can The U.S Handle Higher Interest Rates Past 2024? (31:22) Commercial Real Estate & The Debt Duration Reset (35:26) The Commercial Real Estate Time Bomb (47:02) State Of The Housing Market (49:24) Prices Are Not At Distressed Levels... Yet (56:03) The Bull Case For CRE (01:05:59) The Real Estate Sector Is Praying For A Recession (01:07:28) Lending & Private Credit (01:12:16) What Happens If Rates Stay Higher For Longer? -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.