Then there are those Chinese modular houses that come together in three hours.
http://curbed.com/archives/2015/07/27/3d-printed-house-china.php
Posted on 07/28/2015 8:29:55 AM PDT by John W
The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967.
"It is now just five-tenths from the record low seen in 1965 in data going back also to 1965," noted Peter Boockvar, an analyst with The Lindsey Group. "All the governmental attempts (certainly aided and abetted by many players in the private sector) at boosting homeownership has gotten us to this point in time with all the havoc it wreaked over the past 10 years. It's just another governmental lesson never learned, of don't mess with the free market and human nature."
(Excerpt) Read more at cnbc.com ...
The labor force participation is at a record low level as well. So they sort of go hand in hand. Generally, you need a job to afford a home.
Owners vote Republican.Renters vote Rat.It’s not rocket science.
A very modest, older two-bedroom home near where I grew up recently sold for $224,000. Mainly because it was in the “right” zip code.
If every brick were plated with gold it would still not add up to that. A few years ago nobody would have paid $75K for it.
A classic case of buyers with more money than brains. Let the market bring prices back down to reality and you’ll see rates of ownership increase.
....wouldn't it be refreshing if some political candidate on the right would figure this out? I mean, really, it's not hard.......
The Baby Boom is pretty much done. We now return you back to 1914.
W’s ownership society must be one of the worst executed plans in history.
I’ve been noticing a rash of ‘TINY HOUSES’ programs on the Home Shows. Is this the ‘ideal’ house of the future? Even they are priced $60+.
The future generations are destined to live in closet-sized homes if this country doesn’t turn around.
Good. Homeownership should be MUCH lower than 64%.
45% is probably ideal, considering 55% of homeowners don’t keep their homes up, don’t value their neighbors, and don’t manage their debts well enough to deserve them anyway.
I can’t tell you how many neighborhoods I’ve lived in that slid into the abyss of “Slummyville” over the past 62 years.
Millennials are drowned in student loan debt. This won’t change anytime soon.
Obamaeconomy in Obama’s America - Reversing the American Dream
“Owners vote Republican.Renters vote Rat.It’s not rocket science.”
Well Mr. Rocket Science, there are Freepers who rent too as far as I know so don’t blanket generalize everyone here.
When that happens, I am filing for reparations on the all the bills I paid for 15 years after college. It’s discrimination, I tell you.
it didn’t help that the dems were deliberately giving welfare recipients loans they couldn’t afford ... knowing full well the foreclosure fiasco that would ensue 7 years later... going into the 2008 elections
both GWBush and mccain were on record back then complaining about the sub prime lending practice. dems ignored and pushed ahead.
obviously, a political trap
And I suspect that these people who are buying inner-city row houses in “cool” zip codes and paying $200-500K for them are not Republicans either.
Most of them likely have lots of student debt. Yet they are still managing to bid the price of that housing up to ludicrous levels.
Then there are those Chinese modular houses that come together in three hours.
http://curbed.com/archives/2015/07/27/3d-printed-house-china.php
Unless you work for the government, there is no stability in any corporation or loyalty from or to them between employers and as a result, employees too.
I came in to work one morning to find the executive VP was walked out for exceeding his in house catering budget. In the next few short months, everyone he brought in was walked out too. New VP shows up, walks out all the employees he knew from a prior employer in the industry who worked for us. Most of them were outstanding employees.
I have also discovered HR executives are compensated on a specific turnover goal. Not too high, but not too low based on their goals. A low rate in the one to four year employee. A 50% rate in the four to seven year employee(Those nasty 100% vesting years). Then again a declining rate in the eight to fifteen year employee, around 12%. Then to avoid age discrimination they leave the over 55 crowd alone. They just constantly humiliate and abuse them hoping they will quit.
A loyal and hard working manager is usually booted out. The empty tin can managers making all the noise are groomed until they have to make their first decision.
The American workplace is a scary layout these days. No loyalty or support among anyone or any group. So suffers the housing markets and those neighbors who just seem to come and go.
If what you say is true the populace will eventually turn on private sector employers and vote for Socialism. Scary times.
Yeah, it won't be long now before this is crowed about daily from Dem candidates at all levels.
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