#Housing #realestate #yahoofinance
UBS Homebuilders & Building Products Analyst John Lovallo joins Yahoo Finance Live anchors to discuss the housing market, demographic trends, and more.
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If everybody moves to low cost areas, they won’t be low cost anymore.
Exactly simple supply and demand hitting its equilibrium point.
Analysts seem to use the term ‘unprecedented’ very loosely. What they mean is that they haven’t seen this before or don’t remember it.
Since the 1970s, rates were always higher than current levels except around 1992-94, and then around 2002-04. From mid-2004 to mid-2006, the FED increased interest rates from 1% to 5.25%, and then reduced them to near zero.
So neither an increase interest rates nor the current ‘high’ interest rates are unprecedented.
You act so surprised people don’t want to spend $500k++ for a shite house.
Home prices are ridiculous and completely unsustainable.
Ridiculous – maybe
Unsustainable – why not?
@Truth Speaker this is a serious question?? I take it you make well into 6 figures a year then.
But most of America can’t afford a massive amount of the real-estate for sale.
House prices can’t more than double every 10 yrs and expect the next generation to be able to buy it on the same wages.
Real-estate is artificially inflated by greedy cucks and massive hedge funds like black rock and Chinese buying up nearly everything they can get their dirty fingers on.
That’s the strategy to fill low price house and then everything falls
Knew it years ago, surprised
A free market where people are free to move to less expensive areas better than China where forced-moves the norm.
NO GOVERNMENT BAILOUTS! Let them fall! American citizens don’t want to bail out these gold spoons anymore.
They’re still building 1950’s style homes with 2-3 rooms per person in a single family structure. When you’re the corporation, it’s always cheaper to believe in supply side economics than change with the times at a reasonable pace, but then we end up here every time. “In-migration,” what a clown term. People just want a roof that they hope they can afford tomorrow. I’m curious where this $68 trillion dollars transferring from baby boomers to millennials actually went. Elon musk and Jeff Bezos? Certainly not home buyers. Statistics is nonsense when you’re magician instead of a mathematician.
“All our dreams can come true if we have the courage to pursue them.” —Walt Disney
I think this fucking guy is saying nothing at all.