There haven’t been so many single-family homes under construction in the U.S. since 2007, yet many of these new houses won’t be for sale.even if they can’t afford to buy homes.home prices have surged to records
. The gains have outpaced wage growth, straining affordability despite historically low borrowing costs. Homeownership is unaffordable for average wage earners in 55% of U.S. counties, up from 43% a year earlier, according to Attom Data Solutions, a real-estate analytics firm. Meanwhile, single-family landlords
Plus, Biden wants to change the tax laws surrounding landlords. The planned changes will have a chilling effect on purchase of homes to rent and on the current inventory of rental properties.
Have fun getting those bailouts in 4 years
And that's why lumber prices have tripled and supply chains have a 4 month backlog. Gonna crash sometime.
Why would anyone rent a suburban home when interest rates are like 0% and you can buy a house with some PMI with like nothing down. This is a terrible investment for banks
Lol... rent, from what I have seen rent rates are JUST AS HIGH AS MONTHLY MORTGAGE PAYMENTS, isn’t that flawed?
Why- so the Federal government can bail them out?
Wait, since when have people bought things they can’t afford? That’s silly. Rates are low!
This is a bet that builders will probably lose!
So investors trying to bring back 2008-2011
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.