Even in my rural area, nothing is being built for less than $350K.
Don’t worry. When the real estate market inverts, it’ll be the evil land holders (excluding Black Rock and Vanguard) that are to blame.
It is all in the plan. The elites do not want anyone to have housing beyond a cube like a cage.
Rule #1: The elites want you dead.
Don’t blame the Fed. They have to try to manage the money supply while the Hussein O’Biden administration and Congress run monumental fiscal deficits. An impossible task.
Locally the teardown, rebuild business continues apace. Builders buy homes in the $500-$800 K range, tear them down, build a McMansion, and sell them for $1.5M or more.
Well. The obvious answer is to have taxpayer-guaranteed loans, to people who cannot make payments, specifically “disadvantaged” people so they can achieve the “American Dream”.
Yeah. We should dig up the 1977 Community Reinvestment Act and...what?
Oh, right. That was baked into all future legislation so we don’t need to dig it up. We simply need to take what is there and put it on steroids.
We need to do this to protect the housing and construction markets!
/s (yes, this is how they think)
Everybody here should have realized immediately that when Brry the Muslim was installed, it literally was the beginning of the end of America. Trump caused a brief pause in their plans and as you can see Biden has been doubling down in an effort to regain lost ground. Donald Trump might be able to save us, let’s all hope so.
I know. Bring in tens of millions of illegal aliens and have the taxpayer put them up in available housing. That will help....l