Cost to build the homes during this period the USA was at war with IRAQ and AFGHANISTAN that is expensive and caused materials to > in price. Another driver in demand is the divorce rate if we had > divorces then that would mean that there would be > demand for housing? Crime rate too can be a factor in demand people move when trouble brews they just will not tough it out. The one I don't get are car prices they should not be so high?Ron Paul 2012
All the flipping houses fucked everything up, the houses are way too overpriced compared to income. Also the housing dirivitive are another money leak. What a friggin joke real estate is it's gambling that hurts everyone.
I think he is off by a factor of "10" on the housing growth, as 2k/month*12 <= 1.8M, also, there is a replacement of old houses, - so the actual stock of houses could have dropped.- this Vid needs more research
Isnt it a mistake at 5:00-5:30 ish where he summarises the NYT article? Population grew, income per capita fell, so total "money available" fell 3% not 1.4%. 1.4% was the drop in income per tax filing.
Builder fraud. Organized crime. Mortgage fraud. False, inflated appraisals.
hannahunney 1 day ago
Cost to build the homes during this period the USA was at war with IRAQ and AFGHANISTAN that is expensive and caused materials to > in price. Another driver in demand is the divorce rate if we had > divorces then that would mean that there would be > demand for housing? Crime rate too can be a factor in demand people move when trouble brews they just will not tough it out. The one I don't get are car prices they should not be so high?Ron Paul 2012
cdltpx 1 week ago
This makes no sense at all to me.
MrMGD92 2 weeks ago in playlist Credit Crisis
3:26 - Let me see if I can get it up...
Yemmy95 3 weeks ago
People use to buy house to live in it. Not the case now.
randybarat 2 months ago
All the flipping houses fucked everything up, the houses are way too overpriced compared to income. Also the housing dirivitive are another money leak. What a friggin joke real estate is it's gambling that hurts everyone.
MrROTD 2 months ago
@Wamy85 I agree.
heyathere1000 5 months ago
I think he is off by a factor of "10" on the housing growth, as 2k/month*12 <= 1.8M, also, there is a replacement of old houses, - so the actual stock of houses could have dropped.- this Vid needs more research
Wamy85 7 months ago
Isnt it a mistake at 5:00-5:30 ish where he summarises the NYT article? Population grew, income per capita fell, so total "money available" fell 3% not 1.4%. 1.4% was the drop in income per tax filing.
Joomington 7 months ago