Lots of insight in this one - as a person who loves her home and always has since a child, I feel for those unable to afford their own. To own one’s own roof is far more than ‘getting on the ladder’, it truly is one’s castle and place of feeling safe. As for the small-time landlords, there is a place for them and I’ve read they play an important role to their community (key word there); it’s the big corporates who’ve turned home ownership into an asset class and feel no obligation to the communities in which they operate who are a pox on society - unless the tenancy laws change to the German style (rental is commonplace in Germany). Despite all the headwinds, there is something hopeful about the ‘optimistic’ consumer confidence data - gotta hand it to Americans - they don’t go down without a fight (or sadly a scam as you also showed).
Thanks for the mention.
A lot of great info in this post....feel like I went to housing church this morning :). Thank you.
Invitation has got a real problem with its lawsuit in CA over doing work without permits. https://www.washingtonpost.com/business/2022/07/12/invitation-homes-corporate-landlord-permits/
I'll stick an old $INVH tweet in my next post!
Excellent!
Lots of insight in this one - as a person who loves her home and always has since a child, I feel for those unable to afford their own. To own one’s own roof is far more than ‘getting on the ladder’, it truly is one’s castle and place of feeling safe. As for the small-time landlords, there is a place for them and I’ve read they play an important role to their community (key word there); it’s the big corporates who’ve turned home ownership into an asset class and feel no obligation to the communities in which they operate who are a pox on society - unless the tenancy laws change to the German style (rental is commonplace in Germany). Despite all the headwinds, there is something hopeful about the ‘optimistic’ consumer confidence data - gotta hand it to Americans - they don’t go down without a fight (or sadly a scam as you also showed).
The question for me is:what will it take for fear to return if 5% rates can't instigate it?
Maybe inflation and job losses. 5% rates are normal. It's the ramifications of 0% rates that are scary.