by AD ➕follow (1) 💰tip ignore
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This is how Socialism/Communism is born. Make most of the population unable to live or own anything, and they become dependent on government and vote accordingly for the most free shit they can get their hands on.
This is how Socialism/Communism is born. Make most of the population unable to live or own anything, and they become dependent on government and vote accordingly for the most free shit they can get their hands on.
https://fred.stlouisfed.org/series/CSUSHPINSA
Combine with developers having no incentive to build 1500 square foot, single family detached homes.
AD says
Combine with developers having no incentive to build 1500 square foot, single family detached homes.
Why don't developers this size home any more? Are they not profitable?
So the dumbass never considered "Can I make money or at least have the properties break even if I have to convert these to year-lease rentals?" and now that Maui has gone ahead with the proposal, he will probably lose all his properties.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.