x2 on what Ben Cole said. And the period of time from the 1970's to the early 2000's demonstrates how the comprehensive worsening of zoning regulations contributed to the problems we're dealing with now. Figure 1 shows what a slow and steady grind that was, which I think many analysts missed in the price run-ups of the 90's and early aughts.
One hope I have for the years ahead is that more newly constructed multifamily units will ease rent burdens for the huge tranche of Americans who don't have pristine credit. With enough rental supply we could even see improved filtering in the single family market for some metro areas.
It's unfortunate that interest rates generally declined over this period. A really tricky misdirection that even I fully bought into before I looked more closely.
x2 on what Ben Cole said. And the period of time from the 1970's to the early 2000's demonstrates how the comprehensive worsening of zoning regulations contributed to the problems we're dealing with now. Figure 1 shows what a slow and steady grind that was, which I think many analysts missed in the price run-ups of the 90's and early aughts.
One hope I have for the years ahead is that more newly constructed multifamily units will ease rent burdens for the huge tranche of Americans who don't have pristine credit. With enough rental supply we could even see improved filtering in the single family market for some metro areas.
It's unfortunate that interest rates generally declined over this period. A really tricky misdirection that even I fully bought into before I looked more closely.
Excellent.
Yes there are three things that count in US real estate: Supply, supply and supply.