Guno צְבִי (04-06-2021), PoliTalker (04-07-2021)
The USA is a greed filled shit hole which cares nothing for people and society as a whole.Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices
"You now have permanent capital competing with a young couple trying to buy a house," said John Burns, whose eponymous real estate consulting firm estimates that in many of the nation's top markets, roughly one in every five houses sold is bought by someone who never moves in. "That's going to make U.S. housing permanently more expensive," he said.
The consulting firm found Houston to be a favorite haunt of investors who have lately accounted for 24% of home purchases there. Investors' slice of the housing market grows -- as it does in other boomtowns, such as Miami, Phoenix and Las Vegas -- among properties priced below $300,000 and in decent school districts.
"Limited housing supply, low rates, a global reach for yield, and what we're calling the institutionalization of real-estate investors has set the stage for another speculative investor-driven home price bubble," the firm concluded.
https://www.marketscreener.com/busin...und--32883787/
BLUEXITA Modest Proposal For Separating Blue States From Red
Dear Red-State Trump Voter,
Let’s face it, guys: We’re done.
It is a tragedy that so much of the work that so many men and women toiled at for so long to make this a better country, and a better world, has been thrown away, leaving us all in such needless peril.
This is why our separation in all but name is necessary.
https://newrepublic.com/article/1409...mp-red-america
Guno צְבִי (04-06-2021), PoliTalker (04-07-2021)
Guno צְבִי (04-06-2021)
Never takes long for another broke dick, broke fuck democrat like Trumpet to come along.
Poor Trumpet. Inbred democrat idiot.
Guno צְבִי (04-06-2021)
The Real Estate Market is out of control, has been for many years
It's just about priced home ownership out of reach for a majority of Americans.
Home Ownership and even the rent on run down slum properties are not affordable to most Americans now.
Real Estate prices are souring like a rocket, and wages are more stagnant now than ever before!
It's time for the Federal Housing Agency to step up efforts that help AVERAGE AMERICANS back with a roof over their heads again- OR ABOUT HALF US ARE GOING TO BE OUT ON THE STREET- HOMELESS!
TOO MUCH OF THIS- RUNAWAY REAL ESTATE INFLATION!
AND NOT ENOUGH OF THIS- FAIR AND APPROPRIATE WAGES!
Guno צְבִי (04-06-2021), PoliTalker (04-07-2021)
PoliTalker (04-07-2021)
An interesting OP claim.
If true, it might help explain what's going to happen when the Nazicrat eviction moratorium is finally lifted.
The people being bailed out will be the investor class.
Makes sense.
DemoKKKrats: The dangerous fascist psychopaths Orwell warned us about.
I can. That would be me. That's why the stock markets are up so high as well; it's one of the few ways to get a decent yield on investments.
Cawacko is not correct, by the way. The real estate market is soaring because of low inventory due to the pandemic curtailing construction, rising interest rates (= ppl want to buy NOW instead of waiting), and more young ppl entering the market for a home.
"Conservatism is the blind and fear-filled worship of dead radicals." -- Mark Twain
PoliTalker (04-07-2021), Trumpet (04-07-2021)
What drives up the price of housing more than anything else is a combination of government regulation and policy combined with large corporate housing constructors in collusion with government.
Right now, one of the big drivers of rising cost of homes is the outrageous cost of materials brought on in part by the economic shutdown forced on the economy by government over Chinese Disease. A year ago or so, something as basic as a 2 x 4 x 8' piece of lumber sold for about $2. Now they're selling at about $6 each. I just had to buy 50 feet of 2-3/G NM-B copper cable (that is #2 AWG 3 conductor with ground wire "Romex") for a job. That cost over $800. I was stunned by that price. A year ago that would have gone for about $200.
Now, add in zoning laws, code compliance, requirements for professional services, and a whole raft of other government mandated regulations and requirements and it all drives the cost of a home through the rafters. For example, all new homes in California are required to have a solar array now. That adds anywhere from $5000 to $20,000 to the cost of a home. You can also bet that any developer building tract homes is using the cheapest 10 year lifespan solar panels in doing that while charging off the cost as if they were higher quality say 20 year ones...
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