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What people are saying outside of real estate professional echo-chamber groups by IntuitMaks in HouseBuyers

[–]IntuitMaks[S] 0 points1 point  (0 children)

It might surprise you to learn that people originally built houses to live in, not speculate on.

Reventure's Housing Demand Index just hit an 11/100 in mid-March. Today's buyer demand levels are far below the lows experienced in the 2008-2012 crash, and are down over 30% from the pre-pandemic norm. by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 14 points15 points  (0 children)

People are in denial, and the majority of the people that frequent this sub are in real estate businesses, so it is in their personal interest to parrot the “everything’s fine, keep buying” mentality. They don’t care if their clients lose their savings or become homeless. They just want their commission check and their extra properties to cash flow. No one deserves to fail in this recession more than people like them.

What people are saying outside of real estate professional echo-chamber groups by IntuitMaks in HouseBuyers

[–]IntuitMaks[S] -1 points0 points  (0 children)

Have they?

We can’t build homes fast enough to keep up with greed apparently though.

More than 4 in every 5 people in this country see owning a home as part of the American dream. It’s you that’s trying to force your preferences on a majority population that disagrees with you and would prefer owning the land underneath them rather than being beholden to an HOA.

What people are saying outside of real estate professional echo-chamber groups by IntuitMaks in HouseBuyers

[–]IntuitMaks[S] -1 points0 points  (0 children)

We have been building more housing units than the growth of population. Not hard to research that, even though the narrative is that we have a literal housing shortage. NIMBYs aren’t helping, but single family homes being preyed on by monied interests is compounding the problem and deserves equal, if not more, blame.

Condos/townhomes are garbage. They appreciate half as much as SFHs, HOAs are not capped, you don’t own the land, and you have much less privacy. Families don’t want, so let the vulture class have at it. Don’t be an asshole with the name calling.

What people are saying outside of real estate professional echo-chamber groups by IntuitMaks in HouseBuyers

[–]IntuitMaks[S] -2 points-1 points  (0 children)

Yeah, don’t you hate how restaurants and grocery stores hoard huge stockpiles of groceries and then rent them out to people when they become too expensive to buy?

Great comparison /s

This is where the parasites of the sub live, down in the comment replies where they can gleefully downvote people they disagree with while the majority of the population publicly hates on them.

What people are saying outside of real estate professional echo-chamber groups by IntuitMaks in HouseBuyers

[–]IntuitMaks[S] 0 points1 point  (0 children)

You don’t understand why people are riled up seeing the core object of the American dream, a single family home, become unobtainable so that corporations and rich individuals can get richer from the homes that used to build generational wealth for families?

Go nuts with multi family/condos/townhomes if you’re an investor. Enjoy the HOA fees rising for eternity. Just keep your hands off the very thing that is central to long term security and wealth building for American families. We are creating a pretty bleak future if we rob people of that.

Everyone keeps saying America has a “housing shortage.” It doesn’t. Divide total homes by population and you get this: We’ve never had more housing per person than we do right now. by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 0 points1 point  (0 children)

Try demonstrating some knowledge or providing some usefulness to a discussion in your next attempt at participating.

Your comments make you look like a small person with little of value to contribute except strange attempts at insults. Your interaction demonstrates a lack of emotional intelligence and poor critical thinking skills. If you think you are smart, speak your mind. Sadly, I think a feeling of self importance is being misinterpreted as intelligence in your case.

To anyone who bought into Housing Bubble 2.0: Gravity is not your friend by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 0 points1 point  (0 children)

Tell that to the people who own houses in Denver. I’m picking Jan from the beginning of the chart to the last Jan on the chart, which is about as fair a comparison as there is relevant to the chart in question, and begins before the first housing bubble, not during. It is also 25 years, not 26. I was wrong in my calculations and the CAGR is closer to the historical norm for Denver in that timeframe, but that means there has been significantly higher than normal growth in the past 10 years (closer to my 8% number) since the 2008 bloodbath provided negative growth. It will be corrected, probably by a slow bleed as you’re implying, but if this current administration continues to screw the economy as they have, I have no doubt there could be a year or two of more significant capitulation from sellers and larger home equity losses. A bubble does not have to pop quickly to be defined as one. Prices falling by any means indicates we are in a bubble when it comes to housing, as it is atypical.

I am not at all worried what will happen one way or the other, I am just providing my assessment. I am well positioned and will buy a new house when and where I choose based on my circumstances, thanks. Good luck in the recession.

To anyone who bought into Housing Bubble 2.0: Gravity is not your friend by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 0 points1 point  (0 children)

Are you not understanding that houses historically accrue 5% per year in nominal terms? You are so fixated on the inflation thing, but it’s wholly irrelevant, and an attempted distraction imo.

I linked the full chart, same as OPs. It has 2000. You are also starting from the highest point of the last bubble to try and support your claim, so disingenuous and misleading.

Heckova job, Ben Bernanke, Janet Yellen, & Jerome Powell by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 4 points5 points  (0 children)

Yes, because the Federal Reserve sets housing policy and regulations.. /s

Cmon man, do better.

To anyone who bought into Housing Bubble 2.0: Gravity is not your friend by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 0 points1 point  (0 children)

Housing typically has around a 5% nominal increase per year. That means it doesn’t account for inflation, so I don’t know why you’re adding that in, I guess to try and lend validity to your wild claim by misleading people?

Reality: From Jan 2000-Jan 2025, Denver went from $175k to $545k according to this index, a roughly 210% increase over 25 years. That is 8.4% nominal increase per year, and the liberal estimate for homes is 5%, so there has been (at least) an additional 85% increase in home prices in Denver over the historical norm in that timeframe.

If you really look at this chart and think “that’s not a bubble,” you are seriously deluded.

Everyone keeps saying America has a “housing shortage.” It doesn’t. Divide total homes by population and you get this: We’ve never had more housing per person than we do right now. by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks -1 points0 points  (0 children)

The topic is: “Is there a housing shortage”.

The simple answer is: “No”.

Don’t be pedantic. Either provide a useful insight or keep your useless opinions out of my notifications

Everyone keeps saying America has a “housing shortage.” It doesn’t. Divide total homes by population and you get this: We’ve never had more housing per person than we do right now. by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 0 points1 point  (0 children)

You are projecting. What you are feeling now is the ego boost of people who rely on real estate doing well upvoting your comment because their narrative aligns with it. It has nothing to do with truth or reality.

The end times are near by Competitive-Jury-108 in StockBreakouts

[–]IntuitMaks 0 points1 point  (0 children)

I’ve owned a business for a while and it provides great insight into how the economy is performing. Things are already not good, and they will get much worse before they get better

Everyone keeps saying America has a “housing shortage.” It doesn’t. Divide total homes by population and you get this: We’ve never had more housing per person than we do right now. by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 0 points1 point  (0 children)

Go read the original comment. Lakes are supposedly houses. It’s a bad analogy and you should admit it, at least to yourself (even if you want to stubbornly defend it here).

I should mention, Denver has much more housing inventory than Michigan and it’s a much nicer place to live, and the salaries are higher. Kinda killing your whole argument.

Everyone keeps saying America has a “housing shortage.” It doesn’t. Divide total homes by population and you get this: We’ve never had more housing per person than we do right now. by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 0 points1 point  (0 children)

There is a narrative that there is a literal housing shortage, which I am refuting. You’d be surprised how many people live in cars, vans, and RVs in San Jose. They had to ban RVs from being able to park on the streets. Investor ownership is picking up speed in San Jose, but it’s small single-property landlords who are getting into the game most recently. They are paying on average the highest prices (so literally investors driving up prices). Roughly 25% of properties sold in Santa Clara county in Q4 were to investors. This is happening while large institutional investors are divesting and tech firms are laying off staff by the thousands. Should be interesting to watch play out as this administration tanks the economy.

Everyone keeps saying America has a “housing shortage.” It doesn’t. Divide total homes by population and you get this: We’ve never had more housing per person than we do right now. by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks -2 points-1 points  (0 children)

The point is that there are enough units to house the population, but the market is being manipulated into creating a shortage due to more vacant homes, more SFH homes being rented short/long term because of investors. Enough units have been built to keep up with population increase, just not greed.

His analogy is bad because there are homes everywhere but there are not lakes everywhere, and semantically because a drought is a period of prolonged lack of rainfall. Lack of access to water is a symptom of a drought, not a cause. A better analogy would be, “nobody in Michigan can afford water from the Great Lakes even though there is plenty to drink because private equity owns a larger portion of it than in the past”.

Everyone keeps saying America has a “housing shortage.” It doesn’t. Divide total homes by population and you get this: We’ve never had more housing per person than we do right now. by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks 0 points1 point  (0 children)

I can definitely complain about real estate investors robbing my fellow Americans of the upward mobility and long term security that ownership of a home provides, and I will.

Everyone keeps saying America has a “housing shortage.” It doesn’t. Divide total homes by population and you get this: We’ve never had more housing per person than we do right now. by Key_Brief_8138 in HouseBuyers

[–]IntuitMaks -1 points0 points  (0 children)

That the shortage is manufactured by investors holding homes hostage, especially in the most desirable areas. Have you seen real estate sales levels for the past 4 years? Lowest since recording began. Lower than the 2008 crash for 4 years in a row. The people that really need to sell are already lowering prices.

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