General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump is doing this ⬇️
Christopher Rupkey, chief economist at FWDBONDS. "The nation's housing market outlook has never looked this troublesome. This could actually end quite badly for the economy."
https://stocks.apple.com/AkHXZQiwARtq-ib04huKIkQ

bucolic_frolic
(51,502 posts)the only region to do so. Yes people who can afford it are trying to escape to a blue state. California is priced out for most people.
FirstLight
(15,493 posts)...yeah...like right before the housing bubble popped in 2008?
And tariffs on building materials will only compound the issue...
Johnny2X2X
(23,078 posts)Builders are holding off, not because of an oversaturation of homes like in 2007, but because material costs are high. This will inflate a bubble, not pop one. Unfortunately, this will also raise rents along with prices.
FirstLight
(15,493 posts)Though either way, we're looking at a shortage... it sucks.
On the bright side, maybe some mortgage companies will go belly up in the process, I hate mortgage companies...
mwmisses4289
(1,558 posts)Where I live, three new developments broke ground in the past few months, 2 developments are continuing to expand, and there's rumors there are more on the way. How many homes they are actually selling... that i couldn't tell you.
PJMcK
(23,937 posts)None of Trumps policies if by policies you mean the putrid droppings from his ass have any strength or rationality to them. Every single thing he has done destroys our government, our economy, our social fabric and our country. Of course these actions will affect the housing market and everything else, too. Thats really good forecasting, Mr. Rupkey.
Everything Trump touches dies.