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Published 2 years ago

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

Summary by Ground News

RH CEO Gary Friedman issued a dire warning about raging inflation, bloated house prices, and rising interest rates earlier this year. Friedman compared the current economic uncertainty to a scene from "The Big Short" The luxury-furniture retailer's boss reiterated his concerns in a trading update on Wednesday. RH, formerly known as Restoration Hardware, suffered a 12% slump in its stock price on Thursday.

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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

Friedman underlined the risks of inflation, record house prices, and rising interest rates in March by describing a scene from "The Big Short."

2 years ago·United States

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