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but at least it gets a few of the facts right.
Patrick, they still charging ~2021 rental rates
Because building is too expensive and there's no labor force for it.
There are innovation ideas which have worked for many years like this:
Don't want to dox myself too much
WRONG, yes you do want to dox yourself here.
https://nakedemperor.substack.com/p/this-weeks-must-reads-25-31-march
But the housing experts on PatNet said...
A massive paradigm difference between now and before is remote work. A ton of professionals (like me) do not have to move we lose our jobs because we're remote and can get another remote gig. I know there's a lot of buzz about people returning to work, but remote work is here to stay forever. It's too lucrative for companies wanting to hire the best talent.
Yep. Companies are severely limiting themselves in hiring the best talent if they require people to relocate and go into the office. When I hire people, I have a massive advantage because they can be anywhere in the contiguous US and not have to move, or they can choose to move wherever they desire. This is what I did when I left CA for TN, which was the best decision I've made in a LONG time.
This is very true. There's also the fact that a couple that has one spouse that can remote work, then can move where they want to. They're usually leaving less desirable location to better ones. The other spouse is maybe a teacher, nurse, etc. that can easily find work elsewhere with the WFH spouse.
https://boredbat.com/homebuyers-need-to-earn-80-more-than-they-did-in-2020-to-afford-a-home-in-todays-market/
Homebuyers need to earn 80% more than they did in 2020 to afford a home in today’s market
Homebuyers need to earn 80% more than they did in 2020 to afford a home in today’s market
https://finance.yahoo.com/news/2-3-million-home-listing-180556772.html
A $2.3 million home listing in Nantucket slashed its price by a whopping 74% after its shoreline experienced drastic erosion in just a few weeks
My daughter married into a family that owns quite a bit of real estate on Nantucket.
UkraineIsTotallyFucked says
I want INCEASES, dammit!
We have to get to the no cuts phase before moving on to the we need increases phase.
We have to get to the no cuts phase before moving on to the we need increases phase.
But the Fed Experts on PatNet....
I heard on the radio about the 99 cent stores shutting in California, and below is the article. The radio news report said employee theft was a major reason for the closing.
Are there any remaining pro-California fluffers on Patnet ?
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.