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We have many political reasons for housing to be blowing up. 1. Inflation is very real and real yields on mortgages are negative. Basically free money is being
by sleepingadmin 5y ago
We have many political reasons for housing to be blowing up.
1. Inflation is very real and real yields on mortgages are negative. Basically free money is being printed by politicians.
2. Number of construction workers are in decline. Which means we are reducing our ability to construction homes. This is heavily due to politician decisions. In 2010 women only are 9% of those in construction and when women do work in construction they hold a sign.
3. Politicians are making decisions that also restrict or reduce housing construction. In way too many ways, many listed in article.
4. Politicians are allowing in very significant numbers of immigrants who need a place to sleep. telew
5. Politicians have done nothing to restrict things like airbnb and other investment strategies.
6. Politicians have under invested their generation expecting to indebt the next generation for their retirement. Which is actively not working because of inflation.
The entire housing situation has been crafted by politicians intentionally.