Posted on 09/26/2024 9:03:36 AM PDT by xoxox
With the nation short millions of housing units, a homebuilding boom has led to a billionaire boom, which isn’t likely to slow down anytime soon. Forbes found at least 12 new billionaires or billionaire families in the homebuilding industry, like Tom Bradbury of Smith Douglas Homes, three members of Lennar Corp.’s Miller family and GL Homes’ Itzhak Ezratti.
(Excerpt) Read more at forbes.com ...
If there’s an upside, it’s that the crap they’re building might be fit for demolition in 20 years.
New home sales down 4.7% last month.
America has become a corrupt small town who’s politicians are bought and paid for by real estate developers who put up crappy overpriced homes and expect the current taxpayers to pay for all the utilities and schools needed for the new residents.
Except the new residents are all Section 8 denizens who don’t have jobs and ruin the town for the good, law abiding citizens.
The developers live in the good side of town in gated communities and send their kids to private schools with the mayor’s and councilmen kids.
aye. the tax base increase. an obvious incentive for corruptible locales (I think that’s redundant).
“Much better to have smaller local builders”
Housing is best built at fairly large scale. That is particularly true of site planning, land clearing, basement excavation, and utility placement.
But the new construction never covers the costs of the new schools, utilities,cetc.
It’s a Ponzi scheme.
I could show you lots of examples why this isn’t so.
It may be in theory but not in real life as quality builders are pushed out of the market by the cracker built houses they’ve built the last twenty years here in Tennessee.
I’ve seen pictures of misaligned rafters, windows with wind going through the frames, floors that are so uneven you place a ball in one corner and it will roll to another.
Built upon wetlands and after owners move in cracks appear in the walls and moisture come up from the foundation.
And it’s getting worse.
...that it’s a perfect example of the illegal immigrant invasion-industrial complex rewarding colluders with our tax dollars and distorting markets for honest participants, for starters.
...that we are being invaded from without and plundered from within.
...that actual Americans are continually being disenfranchised.
“Bad money drives out good” is an expression that has fairly universal application.
Look, most of these guys had their internal organs ripped out in 2008-2009. They had their guts ripped out with massive foreclosures and bankruptcies.
I am not trying to plead a case for billionaires, but if they managed to survive that era, they certainly deserve some credit for hanging in as (some of them) apparently have.
Yep.
Makes it hard for people who like to buy quality.
So, that is why Harris plans to give everyone $25,000 to buy homes. Part of the Demonicrat league behind Marxist Kamala.
Wetbacks. They and their pressing demand for homes and other things is what will prevent them from being deported, they are worth too much money to the people supplying them.
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