There are obviously huge distortions in the housing market.
- how many buyers are investors from private equity or foreign investors vs residents (who intend to live in the property)?
- What is the true population including undocumented people? this will be off by 30-50% in some areas
- What is the true vacancy rate? In my area there are many houses sitting vacant. I’m assuming they are investments or tax dodges
It baffles me at how critical the housing market is and that no one takes responsibility to understand what is affecting prices. We just accept prices as a force of nature.
- how many buyers are investors from private equity or foreign investors vs residents (who intend to live in the property)?
- What is the true population including undocumented people? this will be off by 30-50% in some areas
- What is the true vacancy rate? In my area there are many houses sitting vacant. I’m assuming they are investments or tax dodges
It baffles me at how critical the housing market is and that no one takes responsibility to understand what is affecting prices. We just accept prices as a force of nature.