Sounds very bubbley. Amazing what cheap debt (for now) and a pandemic can do. Interesting data points by @glennkelman.https://twitter.com/glennkelman/status/1397189637207121929 …
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Here’s one of the posts that describes the demographic trends, which affect the entire market all at once: https://www.calculatedriskblog.com/2020/10/demographics-renting-vs-owning.html?m=1 …
Here’s an @delong post about the massive housing under-supply, even after the last bubble
It’s a bit old, but things didn’t get better.
We’re in trouble.pic.twitter.com/3JYww7gP7v
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Thanks
@loganb — added to reading listThanks. Twitter will use this to make your timeline better. UndoUndo
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It’s a bit disingenuous to say things didn’t get better…pic.twitter.com/Z1XbbsXcvc
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If you squint, we’re back to trend without making up the deficit, and if you look at the population demographics (see other tweet), we’re likely still losing ground.
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Curious. In most places I've lived the last 30 yrs, housing complexes/burbs ate up open land at an amazing rate, leaving little open land for anything from farming to nature parks. Yet, the nation is still out of adequate (& affordable) housing. What's the solution?
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Three things: 1) stagnation in the small towns and the rust belt means people are moving to cities, so even if population were flat, high demand cities would be booming while, say, Flint, MI have homes returning to the earth. 2) Population is still growing 1/
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It took a surge a couple months back to get back to what was normal housing production 1993-2002 https://fred.stlouisfed.org/graph/?g=EgIP https://twitter.com/busgus/status/1365355356998672386 …pic.twitter.com/Ovkgb8kP2j
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