It is about time that something does. The pandemic was our one opportunity, but the government propped up Bernie, and the price spiral continued.
I recently told a friend that home values didn't look like they would ever slow down, but stopped and remember everyone saying that in 2006.
I am sure that we will have a crash eventually, but will that be harder the longer it takes?
I was watching videos in my other browser again. I had everything set up to continue making sign language flashcards and didn't want to mess with it or the inertia of probably hundreds of tabs open in at least 10 browser windows.
I can stop whenever I want!
I haven't signed into YouTube in my secondary browser and Meet Kevin still found me with yet another vague title and reaction face.
This is better, right?
Long story short:
Quote:
1. Raleigh, NC
Raleigh (including areas like Cary) has also been a major home building market. But things have really ramped into high gear over the last year. In the last 6 months home builders have permitted 6,600 single-family homes while active inventory levels are a mere 1,100. This means that Raleigh could be facing a 600% increase in inventory if all of the homes under construction hit the market.
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He provides sources and information in the description, but people also claim "Eleventy billion people died from the vaccine, according to the CDC!"
Is Reventure Consulting drawing bad conclusions from the data? Is he making up numbers?
Does he have a point?
I cannot figure out how long it takes, on average, for a construction company to complete a house once it draws permits, but I am positive that it is vastly longer than how long the average house spends on the market--"
a record-low of just 15 days."
So, if they sell 1,100 houses every 15 days in Raleigh, that is 26,400, and another 6,600 will merely be 25% more.
Unless I am looking at this wrong.
This indicates there is a great deal of homebuilding, but I always hear that it cannot keep up with demand:
https://www.dallasnews.com/business/...ilding-market/
I will try to catch up with the 35 messages after work.