Okay, sort of off topic, but it ties into how we discuss mortgage access. Trump was recently quoted as saying that he wants house prices for current homeowners to go up---and that his proposal for a 50 year mortgage product is actually consistent with this desire.
Now, I know that Trump says crazy things and frequently lies and changes his position, but this feels like a solid belief on his part, and unfortunately one that aligns with the wishes of older homeowners who see their houses as a primary investment. This puts more conservatives in the position of drifting further from the free market and puts the building restrictors into a hardened position.
Will someone like Gavin Newson be able to capitalize on this and create a coalition of young prospective buyers, builders, and developers?
I'm curious- do you think that your point remains true that the best way to decrease Class C rents is building more Class A housing, for the areas around small high-demand markets, such as resort communities like Aspen, the Hamptons, Jackson Hole, etc?
My comments are aimed at large commuting zones with a broad-based economy. Small little niche communities might have idiosyncrasies where my analysis wouldn't apply.
Not being an economist (I had only a semester of macro in college), I don't understand everything in all your posts, but I understand enough to appreciate what you're doing. Thanks!
Okay, sort of off topic, but it ties into how we discuss mortgage access. Trump was recently quoted as saying that he wants house prices for current homeowners to go up---and that his proposal for a 50 year mortgage product is actually consistent with this desire.
Now, I know that Trump says crazy things and frequently lies and changes his position, but this feels like a solid belief on his part, and unfortunately one that aligns with the wishes of older homeowners who see their houses as a primary investment. This puts more conservatives in the position of drifting further from the free market and puts the building restrictors into a hardened position.
Will someone like Gavin Newson be able to capitalize on this and create a coalition of young prospective buyers, builders, and developers?
We can hope. I’m afraid it will go the other direction and there will be a bipartisan agreement to outlaw large investors.
I'm curious- do you think that your point remains true that the best way to decrease Class C rents is building more Class A housing, for the areas around small high-demand markets, such as resort communities like Aspen, the Hamptons, Jackson Hole, etc?
My comments are aimed at large commuting zones with a broad-based economy. Small little niche communities might have idiosyncrasies where my analysis wouldn't apply.
Not being an economist (I had only a semester of macro in college), I don't understand everything in all your posts, but I understand enough to appreciate what you're doing. Thanks!