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> The lack of inventory and inflated pricing are a direct result of the corporate buyers' actions over the last six or so years. No, it's because we stopped bu
by colinmhayes 4y ago
> The lack of inventory and inflated pricing are a direct result of the corporate buyers' actions over the last six or so years.
No, it's because we stopped building homes after 08 but didn't stop wanting new ones. The REIT's are just responding to that.
- awinder 4y agohttps://tradingeconomics.com/united-states/housing-starts https://tradingeconomics.com/united-states/housing-starts Pull back to max timeframe, housing starts are around a 60+ year average trend (and have been for many years)
- andrew_ 4y ago> No, it's because we stopped building homes after 08 but didn't stop wanting new ones. The REIT's are just responding to that. That's patently false, universally. A sibling comment has a good reference. You can't go an 1/8 of a mile in the greater Tampa Bay region without running into a new build.
- ThisIsTheWay 4y agoThis varies greatly by area. The Denver/Boulder corridor has been exploding for the last 10 years and they can't build fast enough.