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lonely bird

(2,538 posts)

15. There are housing crises

Mon Sep 1, 2025, 11:49 PM

Sep 1

All over the world.

London, Sao Paola, Shanghai…

Asset prices are high. Asset prices will remain high. Dropping rates won’t drop prices. It will drop mortgage monthly payments but not a truly significant amount. Building more will drop rents but not a truly significant amount.

Builders build for several reasons…

What wealth wants (higher profits)
“Hot” areas with amenities easily accessible
Many times near large medical centers and/or education centers (Ed’s and Meds) done because cities are scrambling to replace manufacturing that has been lost particularly in the Rust Belt

And it will hammer low income people usually Black/Latino for gentrification. See University Circle area in Cleveland near University Hospitals, Cleveland Clinic and Case Western Reserve University.

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Rhiannon12866

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Highlight:

Bessent says Trump administration will tackle high housing costs with new measures [View all] Zorro Sep 1 OP

They'll collapse the economy. Turbineguy Sep 1 #1

Yep and it won't help the housing market. Irish_Dem Sep 1 #2

They'll plunder all timber in parks and federal lands bucolic_frolic Sep 1 #3

While putting tariffs on Canadian lumber. underpants Sep 1 #4

Time to confiscate your homes. Farmer-Rick Sep 1 #5

No vacancies for blacks NCDem47 Sep 1 #6

What? Tent cities called Trumpville? ananda Sep 1 #7

He won't force the Fed to lower interest rates. LastLiberal in PalmSprings Sep 1 #8

Their only 'plans' are to talk about it, Dem2theMax Sep 1 #9

This, exactly. WestMichRad Sep 1 #10

He's considering thinking about forming a concept of a plan groundloop Sep 1 #13

Like they did infrastructure the last term Yo_Mama_Been_Loggin Sep 1 #14

Nothing, except an economic crisis will bring down prices Nigrum Cattus Sep 1 #11

The supply is there, it's being held to drive prices up. marble falls Sep 1 #12

There are housing crises lonely bird Sep 1 #15

So, expect housing prices to go up substantially ... nt eppur_se_muova Sep 2 #16