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Bull market in rental construction! Hurray!
What? Can't see it in the chart? Let's try again. The following chart shows "Privately Owned Housing Starts: 5-Unit Structures or More" per "Privately Owned Housing Starts: 1-Unit Structures".
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See it now? Let's zoom in for a closer look.
Click to enlarge.
0.44! For every two single unit housing starts there is nearly one 5+ unit start. As I was saying, bull market in rental construction! Hurray!
As seen in this last chart, times haven't been this great since the great recession. Before you know it, everyone is going to be a landlord and we can all make great sums of money renting each other places to live. That's real prosperity!
Okay, maybe not real prosperity. It is real sarcasm though. That's something I guess.
See Also:
They Just Aren't Making Any More... Rental Properties
They Just Aren't Making Any More... Phasers
Source Data:
St. Louis Fed: 5-Unit Starts per Capita
St. Louis Fed: 5-Unit Starts per 1-Unit Starts
6 comments:
It is real sarcasm though. That's something I guess.
That's the can-do spirit that made this country what it is!
mab,
That's the can-do spirit that made this country what it is!
I would ask why you weren't more specific with the "what it is" part but I just took a look at what the stock market did today. D'oh!
Mark,
Thirty years of incredibly bad eCONomic behavior and Bernanke pretends to be "puzzled" why the eCONomy can't get any traction.
Bernanke is forbidden from telling the truth. Same with CONgress.
Fiscal cliffs! What a crock.
mab,
Have no fear! This economy is getting plenty of traction!
If it is necessary to move the patient while skeletal traction is in place, the patient should be moved in the bed with weights hanging freely.
I continue to brace for more of the same!
The Milwaukee brace is often prescribed to be worn 23 hours a day for several years, or in some cases, permanently.
Gallows humor.
Gallows humor? Perhaps it's Gallows Humor!
The Bloodletting will continue. Parasites don't stop until the host is toast.
mab,
The puns are so deep you could cut them with a butter curve!
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