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Well, I hope you’re right about this, but if experience is any guide, I bet that new obstacles will be invented, and in a decade you will still believe that th
by xyzzyz 4y ago
Well, I hope you’re right about this, but if experience is any guide, I bet that new obstacles will be invented, and in a decade you will still believe that the building boom is just around the corner.
- lazide 4y agoThe big issue now will be financing, with increased fed rates, leading to drastic drops in prices. It’s extremely high risk for a builder to build in a market with dropping prices. It will lead to a boom in 4-5 years most likely after big turnover in existing boomer home owners and resets in price expectations lead to cheaper house valuations, which lead to lower land values, which lead to lots being somewhat affordable again. Then tear downs and builds at higher density become more economic, and the rules unblock it.