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Billionaire Peter Thiel Warns of a Looming Real Estate 'Catastrophe'—A 'Massive Hit to the Lower Middle Class and Young People' Who Can't Buy Homes
Yahoo ^
| 03/19/2025
| Jeannine Mancini
Posted on 03/20/2025 1:46:41 PM PDT by Az Joe
Peter Thiel, the billionaire co-founder of PayPal and one of Facebook's earliest investors, has built his fortune spotting economic trends before they explode. But his latest warning has nothing to do with tech or startups. Instead, he's calling out what he sees as a massive problem in real estate—one that's making it nearly impossible for young Americans to afford a home.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: housing; peterthiel; realty; thiel
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A staggering (to me) stat on the age of the average homeowner in US in the article.
1
posted on
03/20/2025 1:46:41 PM PDT
by
Az Joe
To: Az Joe
Forget homes.
Commercial real estate collapse will be worse.
2
posted on
03/20/2025 1:48:00 PM PDT
by
Fledermaus
("It turns out all we really needed was a new President!")
To: Az Joe
Yeah
“The average age of U.S. homebuyers has jumped from 49 in 2023 to 56 in 2024, according to the National Association of Realtors’ annual State of the Market report released in November. That’s a staggering six-year leap in just over a year—”
To: Az Joe
Key quote:
"...Thiel argues that rent inflation has been ignored for too long. While some blame rising costs on immigration, he points to zoning laws and excessive regulations that make building new homes nearly impossible..." And the Left wants to implement Rent Control everywhere it touches. Which would make it even worse.
And it shows how correct Trump is in wanting to decrease regulation wherever possible.
4
posted on
03/20/2025 1:53:36 PM PDT
by
rlmorel
("A people that elect corrupt politicians are not victims...but accomplices." George Orwell)
To: Az Joe
You’ll own nothing and be happy....
5
posted on
03/20/2025 1:54:28 PM PDT
by
PGR88
To: Fledermaus; Az Joe
Forget homes.
Commercial real estate collapse will be worse.
President Trump and Team need to do both!
6
posted on
03/20/2025 1:55:59 PM PDT
by
SoConPubbie
(Trump has all the right enemies, DeSantis has all the wrong friends.)
To: Az Joe
Well, we paid for their college attendance certificates, might as well pay their mortgages too.
7
posted on
03/20/2025 1:56:42 PM PDT
by
FlingWingFlyer
(The DemonRATs and their "judges" are sending Tren de Aragua to your house. Be ready..)
To: Az Joe
Remove the illegals and housing (purchase and rental) will become affordable again for the working class.
8
posted on
03/20/2025 1:58:40 PM PDT
by
HombreSecreto
(The life of a repo man is always intense)
To: Az Joe
As interest rates drop more young people will buy homes. Anecdotal, but young married couples I know are simply waiting on that to happen.
9
posted on
03/20/2025 2:00:47 PM PDT
by
TornadoAlley3
( I'm Proud To Be An Okie From Muskogee)
To: rlmorel
As a Planning commission, I agree with this 100%...I try to chip away at it
10
posted on
03/20/2025 2:03:30 PM PDT
by
kevslisababy
(I am a Genuine Female: No after market parts.)
To: TornadoAlley3
It will take until at least late ‘26 for interest rates to get below 5% I say. Buy territory, for me anyway.
11
posted on
03/20/2025 2:04:25 PM PDT
by
Az Joe
(We can't spare President Trump; He fights!)
To: PGR88
I’m going to write poetry!
12
posted on
03/20/2025 2:05:18 PM PDT
by
Az Joe
(We can't spare President Trump; He fights!)
To: rlmorel
Yes, the Liberals have screwed themselves. It is no wonder the under 30s are going to, and went for, Trump.
13
posted on
03/20/2025 2:06:16 PM PDT
by
Az Joe
(We can't spare President Trump; He fights!)
To: kevslisababy
14
posted on
03/20/2025 2:06:54 PM PDT
by
Az Joe
(We can't spare President Trump; He fights!)
To: Az Joe
If there’s a huge “correction” in house prices that should make it *easier* for the working class and kids to buy property. Unless,of course,their income is dropping as house prices are dropping.
To: Az Joe
I wasn’t able to find the number. I imagine it’s high
To: HombreSecreto
17
posted on
03/20/2025 2:10:12 PM PDT
by
minnesota_bound
(Need more money to buy everything now)
To: plain talk
People buying retirement ho.es
To: Chickensoup
“The average age of U.S. homebuyers has jumped from 49 in 2023 to 56 in 2024, according to the National Association of Realtors’ annual State of the Market report released in November. That’s a staggering six-year leap in just over a year
19
posted on
03/20/2025 2:11:33 PM PDT
by
Az Joe
(We can't spare President Trump; He fights!)
To: PGR88
You’ll own nothing and be happy.... And be willing to lay down your life for your country.
Just like all those "migrants" are willing to fight for their countries.
20
posted on
03/20/2025 2:11:46 PM PDT
by
Steely Tom
([Voter Fraud] == [Civil War])
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