"The reason we think home prices will fall by 1% and not something larger is because it’s actually very hard for home prices to fall, unless sellers have to sell,”
Like when a slumlord creates a recession so he can buy up the foreclosures
Prepare for a painful lesson in 'supply and demand.' THIS, in concert with job losses and Trump induced inflation, is the recipe for significant market contraction. By the the midterms, the U.S. will likely be in the throes of a recession.
Private equity is gobbling up every house that goes up for sale in my area. I haven't seen or met a private buyer in years. Private equity is turning my neighborhood into a renters world. It's awful. I wonder if the disparity between buyers/sellers is from owners taking a stand, not selling to PE
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Like when a slumlord creates a recession so he can buy up the foreclosures
So much for, just build more houses!
https://open.substack.com/pub/thewhyexplained/p/why-are-housing-prices-rising?r=1zyu0j&utm_medium=ios
I use a #economic #management approach using these #economic drivers:
- #population growth
- #migration
- #Resource scarcity (#inflation)
- collateral cost (#infrastructure)
#econsky
https://bsky.app/profile/edhirsch.bsky.social/post/3lqbwjbag5c2k