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re: If trump wins I think housing rates will drop
Posted on 5/12/24 at 8:04 am to Miketheseventh
Posted on 5/12/24 at 8:04 am to Miketheseventh
quote:
Everything will become more affordable
Hookers and blow?
Posted on 5/12/24 at 8:38 am to cadillacattack
I don't think short term rentals are an issue in most markets, but in some areas it is screwing things up with so many investors buying houses and locking out normal buyers. Some markets have like 25% institutional ownership of houses that they just turn into long term rentals.
As far as new homes go, the shortage of skilled labor is driving prices to build even small houses high (not to mention shortages that still pop up for various building materials).
Bigger elephant in the room, the US population has grown by 60 million people since the year 2000 and will continue to grow. You can't build enough new homes. Demand is going to be permanently higher than supply - prices might sway somewhat, but will increasingly become unaffordable to many Americans.
As far as new homes go, the shortage of skilled labor is driving prices to build even small houses high (not to mention shortages that still pop up for various building materials).
Bigger elephant in the room, the US population has grown by 60 million people since the year 2000 and will continue to grow. You can't build enough new homes. Demand is going to be permanently higher than supply - prices might sway somewhat, but will increasingly become unaffordable to many Americans.
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