From the NY Post:
Homes for sale in short supply as there’s now 30 renters for every house on the market in US
The number of homes for sale for each renter household in the U.S. remains near record lows, highlighting the supply crunch that first-time buyers face in the current housing market.
Currently, there are about 30 renter households for each available home for sale, up from less than 10 in 2006, according to Freddie Mac’s latest market outlook report.
The supply shortage dates back to the Great Recession, which dealt a major blow to new home construction. Since then, construction has slowly increased, but failed to keep pace with demand, resulting in a shortage of at least 1.5 million homes.
“Therefore, not only do people seeking to buy their first home have to navigate an expensive market, but they also have to compete with more first-time buyers as supply continues to trail demand,” Freddie Mac economists wrote in the report.
Affordability also remains a key struggle for first-time buyers. The report found that between January 2000 and July 2024, cumulative entry-level prices grew 63% more than high-end home prices, meaning that start-home prices are growing faster than the rest of the market.
“Less affordable housing is acutely felt by those seeking to buy their first homes, especially those without substantial wealth at their disposal,” the report states.
In addition to supply and affordability challenges, high mortgage rates have made the current market one of the most punishing on record for first-time buyers.
…
Despite the barriers to homeownership, the survey found that the dream of owning a home is widespread, with 83% of Americans saying they would rather own a home than rent.
Across all demographics, at least two-thirds said they would rather own a home than rent, including those earning less than $30,000 a year (76%), those without children (77%), and Gen Z (79%).
#1
Get out and vote!
I already voted. You‘re behind the curve!
Same story… no inventory, steep competition. Ownership is on par with owning precious metals.
Is this empowering? NSFW
https://substack.com/@brandonrichey/note/c-74230700?r=1ihbtg&utm_medium=ios&utm_source=notes-share-action
“Beyoncé is expected at Kamala Harris rally in Houston on Friday”
Instead underwhelming four-minute speech read off a teleprompter, exit stage behind in a hurry….
Then Willie Neslon wheeled out to perform…
Hahahahhaha! Suckas!!
Hold my beer says:
October 27, 2024 at 9:20 am
Is this empowering? NSFW
Saw that yesterday. Feminism teaches this.
Imagine being the guy dating this beast. You think she is going to be good to her own child once you acidentally impregnate her at 23? You are stuck with that for a long time.
Fast: It’s funny, I am seeing more inventory now in my town now than during the spring/ summer season.
Americans like to be entertained. What happened to politicians riding on trains and talking about how they were going to fix things?
I guess we can’t build a decent train in America, so there is that.
But it’s really the entertainment. That’s why you have two clowns to choose from, cause you can’t have a real circus without good clowns. Question is which one has more makeup on?
Juice Box says:
October 27, 2024 at 9:39 am
“Beyoncé is expected at Kamala Harris rally in Houston on Friday”
Instead underwhelming four-minute speech read off a teleprompter, exit stage behind in a hurry….
Then Willie Neslon wheeled out to perform…
Inventory is bull shite.
It’s like saying there are more jobs. Define a job.
You could potentially have 100 percent inventory if people listed all of their houses at once. The question is are any of them affordable to the buyers.
3b says:
October 27, 2024 at 9:57 am
Fast: It’s funny, I am seeing more inventory now in my town now than during the spring/ summer season.
3b,
The fence sellers don’t want to wait any longer? Boomers selling and moving to retirement environs? If the rate drops 1%, perhaps more inventory pops?
Kamala failed the bar exam her first time taking it. That is appalling, stunning low iq right there. Surprised that her opponents don’t drop that fact more often. Billions spent on this campaign and I just heard this.
Updated version. You can buy the older model for 2k.
https://www.youtube.com/watch?v=iaBDDpuJglY
crushednjmillenial says:
October 27, 2024 at 10:34 am
Kamala failed the bar exam her first time taking it. That is appalling, stunning low iq right there.
Trump never passed it. Hehe
Phoenix: Never said they were affordable, just more inventory than previously. The Fed has destroyed the housing market in my view, but that is another topic
3b
Inventory is just a bull shite number.
Is there a house you want in your town? Any of them?
Just knock on the door and make an offer they cannot refuse.
Inventory is 100% at the right price. Americans are whores, its a function of capitalism.
So if oligarchs run out of funds, are they really oligarchs? Serious question.
Alexander Tkachyov, a Putin ally and one of Russia’s biggest agricultural oligarchs, recently groused about the high wages of dairy farmhands, once the lowliest of workers. They were now demanding monthly wages of $1,550 — equal to a junior IT worker.
“We don’t have these funds. And probably we won’t have them in the near future,” he said earlier this month at an agroindustry exhibition in Moscow.
I love the humor when Americans complain that the Chinese are buying farmland and other things.
If Americans had any morals, they just wouldn’t sell to the Chinese.
But like I said, they are whores, and then complain when they get herpes.
Shocking!!
Not. Expect more of this.
Wayne Resident Wakes Up To Find Multiple Masked Burglars In His Bedroom: Police
then stole several key fobs.
Must not have heard of the law change. Home invasions are now first-degree crimes, punishable by 10 to 20 year prison terms.
https://www.tapinto.net/towns/east-brunswick/sections/law-and-justice/articles/assemblymen-stanley-and-karabinchak-join-gov-murphy-as-he-signs-tough-home-invasion-burglary-law#:~:text=Under%20the%20new%20law%3A&text=Home%20invasions%20are%20now%20first,up%20to%20%24200%2C000%2C%20or%20both.&text=Residential%20burglaries%20are%20now%20second,up%20to%20%24150%2C000%20or%20both.
Car theft does more time than rape in nj.
Follow the benjamins.
Yes they are still oligarchs. The most successful have the most access to credit.
Mmmmmm MAGA Square Garden.
Vote early and vote often.
I just saw this clip of Cumella speaking like a preacher in front an audience in Philly? Was it? In front of a Baptist or church group? What’s up with this girl? Who is she? Does anyone know?
She’s the next POTUS
There’s no shame in failing the bar or a section of the CPA once or twice. The only folks who hold this viewpoint are those who are too stupid to sit for it themselves.
The nest and brightest almost always avoid politics.
For example former Presidential candidate Hillary Clinton also failed the bar exam.
Trump at M.S.G.:
A closing carnival of grievances and racism
At Donald Trump’s Madison Square Garden rally in New York on Sunday, a comic dismissed Puerto Rico as a “floating island of garbage,” another speaker likened Kamala Harris to a prostitute with “pimp handlers” and Tucker Carlson mocked Harris with a made-up ethnicity
No comedy allowed in the Democratic Party.
Big issue if OrangeTurd gets in is that any one presently spying for the USA is likely to quit and bail or turn double before they get burned.
The NY Time had article how the OrangeTurd wasp nest wants private companies to do background security clearances for the pending ruling overlords. If it happens, anyone processed by theses companies is likely compromised, or soon to be compromised or would not passed a real background investigation by the FBI, taking into account how many of OrangeTurd wannabe inner circles are foreign borns from suspicious countries that came into USA as adults.
What the private agencies are going to miss is stuff below. Do you think that the Brazilian Intelligence Service – ABIN is going to want to share information with some private overnight outfit of dubious nature? Sharing this type of information is what relationship of trust are built on.
https://edition.cnn.com/2023/03/24/politics/russian-spy-us-graduate-student/index.html
The Wall Street Journal
By Nick Timiraos
Both candidates support policies to boost growth that might keep inflation from falling any farther. But economists and even conservative-leaning advisers worry that the ideas backed by Trump, in particular, risk stoking the embers of inflation. Those include his proposals to slap across-the-board tariffs on imported goods, to deport workers, and to lean on the Federal Reserve to lower interest rates.
Given the changed economic environment and the farther-reaching policies Trump has proposed, it is reasonable to worry that inflation threats would be magnified in a second Trump term, said Marc Short, who served as legislative-affairs director in the Trump White House. Trump’s proposals could draw him into new battles with the Fed, which is mandated to keep inflation low.
At Donald Trump’s Madison Square Garden rally in New York on Sunday, a comic dismissed Puerto Rico as a “floating island of garbage,” another speaker likened Kamala Harris to a prostitute with “pimp handlers” and Tucker Carlson mocked Harris with a made-up ethnicity
Awesome! Did the Puerto Ricans have switch blades and root for the Chankees while drinking Chaefer? And who can’t imagine Obammy in fur coat wearing a feathered hat! Did Tucker do an Indian accent? That would have been funny as heck!
Better get your fake electors ready, you are going to need them again.
Hehe. That meme is funny af.
https://www.reddit.com/r/AdviceAnimals/comments/1gdqciq/thank_you_tony_thank_you/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
JJ couldn’t top this
https://www.dailymail.co.uk/news/article-14009431/husband-catches-brother-wife-sex-tasmania.html
HMB,
Titilating headline of the daily mail article, but then scroll down to the photos and see its a bunch of drunk, high, tattooed walruses rutting about.
TV vs real life images, big downgrade.
Where’s Chi to announce 10 yrs hitting 4.29%?
What’s the right time to buy long bonds? When it hits 5%?
Muni bond prices would collapse if the income tax got replaced by tariffs. Though everyone but a few gullibles know this will never happen.
GOP’s lawyers bill to fight results will be the biggest ever. Huge!
LAX says:
October 28, 2024 at 11:01 am
Better get your fake electors ready, you are going to need them again.
LAX says:
October 28, 2024 at 9:37 am
“She’s the next POTUS”
You mean the dingbat that couldn’t secure endorsements from the Dem-loving LATimes and WAPost, or from the Teamsters union, and lost the endorsement of the previously Dem-forever Arab-American community?
It should be obvious to everyone that Carmella has virtually no support. It’s going to be a monumental task for the Dems to harvest enough ballots for her.
No One
That’s actually how a lot of aussies look. Once you’re 10-15 miles away from downtown or expensive residential areas of a major city you’d think you were in the Deep South or Midwest.
Eddie,
That would have been funny as heck!
You seem to like n@zi rhetoric because?
SomeOne,
Nun, wissen Sie, einige von uns wurden der Dinge beschuldigt, von denen man nicht einmal wusste, dass sie existieren. Also können wir uns genauso gut mit den Liberalen beschäftigen.
Du.
Du hast.
Du hast mich!
DJT is trading at its highest level since early June, with shares up about 240% from their September lows.
It’s at $47.36. The Street is betting on a Trump win even though Cumella is up +5 nationally and in 5 of 6 battle ground states.
Wall Street knows how to take your money.
FlabMax Sighting:
Gunman shoots Jewish man walking to synagogue in Chicago, then shouts ‘Allahu Akbar’ in police shootout: report
Oh ChiFi that’s terrible, Whatever beef you have with that man just isn’t worth the toll that it takes on your soul……https://youtu.be/cXzppoqAaRc?si=D6jqG6mSYIKXGgSX
Hilary carried hot sauce in her purse.
And email in her bathroom.
There is no such thing as a soul.
Then how can one be soulless?
Everyone is soulless. That’s how.
LAX: Fair enough
Right back at you
https://m.youtube.com/watch?v=QNvNs0MzYGg
Dedicated to No One:
Ten 430
There’s a hole in your soul like an animal
With no conscience, repentance, oh no
Close your eyes, pay the price for your paradise
Devils feed on the seeds of the soul
ML Gore