(Dan here…Lifted from Bonddad blog by NewDealdemocrat): More on housing I’ve elaborated on my dissection of October housing permits and starts over at XE.com. Anecdotally, I know of three twenty-somethings, two of whom are single, who are blue collar workers in the construction or retail sectors, all of whom are in the process of moving out of apartments into existing homes. The story for all three is basically the same: compared with rents, the monthly payments on a house is a compelling bargain. Whether or not the plural of anecdote is data, somehow I doubt these three people are the only ones to make that calculation — which supports the data I published a month ago pointing out that even though house prices are very high, the monthly payment is very
Topics:
Dan Crawford considers the following as important: US/Global Economics
This could be interesting, too:
Joel Eissenberg writes How Tesla makes money
Angry Bear writes True pricing: effects on competition
Angry Bear writes The paradox of economic competition
Angry Bear writes USMAC Exempts Certain Items Coming out of Mexico and Canada
(Dan here…Lifted from Bonddad blog by NewDealdemocrat):
More on housing
I’ve elaborated on my dissection of October housing permits and starts over at XE.com.
Anecdotally, I know of three twenty-somethings, two of whom are single, who are blue collar workers in the construction or retail sectors, all of whom are in the process of moving out of apartments into existing homes. The story for all three is basically the same: compared with rents, the monthly payments on a house is a compelling bargain.
Whether or not the plural of anecdote is data, somehow I doubt these three people are the only ones to make that calculation — which supports the data I published a month ago pointing out that even though house prices are very high, the monthly payment is very reasonable compared with the last 30 years, and a bargain compared with soarding rents.