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Source Data:
BLS: Employment
St. Louis Fed: Population
Wikipedia: File:Straitjacket-rear.jpg
1.73 million Total Housing Completions in 2024 including Manufactured
Homes; Most Since 2006
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Today, in the Calculated Risk Real Estate Newsletter: 1.73 million Total
Housing Completions in 2024 including Manufactured Homes; Most Since 2006
A brief ...
1 hour ago
6 comments:
Looks to my squinting eye as if 2001 kicked off a new wave of folks trying too hard to forget their troubles.
Let's see the dot.com bust, followed by the Bush "election" followed by 9/11, followed by war and more war. Some of the folks who were high on real estate also probably joined the club...and the unemployed,the underemployed and college grads carrying mega student loan debt.
Or, it was Heisenberg's blue meth what done it.
Also, may I suggest another exponential trend failure for your consideration?
Friend has inherited a paid off house in a nice Jersey suburb (Clifton). Built mid-50s, nice landscaping, less than 2k feet. Looking to sell...as the property taxes are 24k a year.
Friend was thinking of Phoenix but canned that thought.
Why? Resurgent house prices? Nope. Water.
She had a chart with areas of the US where water availability is problematic now and likely to worsen.
Ever thought of looking at water?
fried -
this aspect of water is very old news
it's been a known issue for 30 or 40 years
JzB
fried,
Ever thought of looking at water?
I linked to this article a few years back.
realOil, Water Are Volatile Mix in West
Energy Firms Buying River Rights Add to Competition for Scarce Resource
Forget the world "real" in that link. I'm using a Playstation 3 right now and its "paste" function is as buggy as its browser in general.
I used to think of quality when I'd think of Sony. Now, not so much.
Jazzbumpa,
it's been a known issue for 30 or 40 years
We've got a lot of 30-40 year known issues. I think the same could easily be said of this country's infrastructure in general. Sigh.
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