"I can't fix my life, but I can fix the world" said the socialist
acesfull86 (05-15-2024)
Who TF is “we?”
We as a country need to be smart about what our housing demand is going to look like the next 10+ years.
Eventually all the money will be out of real estate naturally because there are so many unoccupied homes and prices will reset - especially after we deport millions of illegals helping prop it up via artificial demand spikes.
Natural Immunity Croc
I don’t know many illegals buying 350k homes
Ivermectin Man
These data provide housing starts vs household formation by decade (annual averages)
1950s 1.38 million houses stared and 0.92 million new households per year
1960s 1.51 and 1.06
1970s 1.71 and 1.60
1980s 1.49 and 0.98
1990s 1.31 and 1.04
2000s 1.62 and 1.08
2010s 1.05 and 0.98
Housing starts exceed household formation every decade. For a couple reasons. First, as some of you noted some people have multiple homes, including vacation homes. Second, there is some depletion of the housing stock due to houses getting old and unhabitable or being destroyed. So the net addition to the housing stock is smaller than housing starts.
It is worth looking at the difference between starts and household formation by decade.
1950s 0.46 million
1960s 0.45 million
1970s 0.11 million
1980s 0.51 million
1990s 0.27 million
2000s 0.54 million
2010s 0.07 million
These are national data. They don't tell us anything about individual states. But they do show that the 2010s stand out as a decade when building activity (housing starts) was unusually low relative to household formation.
The first 3 years of this decade have seen some rectification of this with starts exceeding household formation by 0.55 million per year.
Last edited by nsacpi; 05-15-2024 at 09:25 AM.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
Carp (05-15-2024)
"I can't fix my life, but I can fix the world" said the socialist
When you have the ability to scale an overpayment is irrelevant when you're looking at a 20-30 year investment. They have lawyers on staff for eviction proceedings. They have construction crews on staff for fixes. They have property managers on staff to vet/get new tenants.
All things that price out the low end buyer.
Last edited by thethe; 05-15-2024 at 09:26 AM.
Natural Immunity Croc
What is 35%? Abandoned homes that will never sell in any market?
What your article tells me is that there are 800k homes empty and for sale and less than 2.5 million homes empty and currently not renting (as of 2022). And these are national numbers
And, yet, you think this HELPS your argument?
Last edited by Carp; 05-15-2024 at 09:41 AM.
Tell me these projections. And not from 1 random source you had dig 5 pages deep on google for. Let's see a compilation of different population growth projections.
Cause as of 2023, FL was the fastest growing state in the nation, population wise.
https://www.voanews.com/a/7002666.html
What states still had "lockdowns" in 2022?
Also, the data shows the FL is still the fastest growing area.
https://www.census.gov/library/stori...ng-metros.html