patrick.net

Rent going up

https://www.barrons.com/articles/apartment-glut-ending-demand-rising-rents-headed-up-ab2ade9d

The high cost of buying a home makes renting look good in comparison. As demand intensifies, rent hikes are on the horizon.

With house prices still high, mortgage rates stuck just under 7%, and plenty of economic uncertainty, consumers are once again seeing the virtues of renting. Over a third of respondents told Fannie Mae in April that they would rent instead of buy if they had to move, the highest share since October and more than the long-term average of one in three.

Rent growth slowed over the past several years as the largest surge of new multifamily buildings in decades began working its way onto the market. But that is beginning to ebb. Multifamily construction completions peaked at a roughly five-decade high last August, and are down 28% since then, census data show.

“Apartment fundamentals are past peak pain,” says David Kirshenbaum, the assistant portfolio manager of the $2.06 billion Baron Real Estate Fund. “As fundamentals improve, and as demand continues, many landlords are already talking about the possibility of additional rent spikes if we look out over the next 12 to 24 months.”

https://x.com/gc22gc/status/1936208917094449374

The_Deplorable says

https://x.com/gc22gc/status/1936208917094449374

Those costs are "sunk costs" as far as the deployment to the Middle East; they were already going to spend the money as they were approved by Congress and signed by Biden into appropriations law.

You will know if Trump asks Congress for more money related to the attack on Iran.

So let's see in January of next year how the deficit is for FY 2025 and also the debt to GDP ratio.

One good news item is at least the debt to GDP ratio has settled around 120% ; it was around 109% in January 2020.

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AD says

"Those costs are "sunk costs"

Nonsense. Trump is starting another useless war because Iran has
Weapons of Mass Destruction. Sounds familiar?

Officially, the National Debt is now over $37 TRILLION and counting. On top of that, add another $150 TRILLION in off budget obligations.

How many more $ TRILLIONS is this war with Iran going to cost? Any guesses??

RayAmerica says

Officially, the National Debt is now over $37 TRILLION and counting. On top of that, add another $150 TRILLION in off budget obligations.

How many more $ TRILLIONS is this war with Iran going to cost? Any guesses??

What makes you think its going to cost more than already what is budgeted for FY 2025 and proposed for FY 2026 ? Maybe the bunker buster bombs already were earmarked to be used in the Middle East when their inventory reached as least 20 bombs during the B.O. admin (2009 to 2017).