odanny
Diamond Member
People are escaping Blue shitholes and countries South of the Border.I'm saying shouldnt we have a housing overstock? Giant APT complexes are being thrown up around here like crazy.People already out on their own, like normal people, taking advantage of the steadily improving economy and thinking it is going to continue to improve? That is when I have bought homes.and or renting all the APTS and condos? According to this a recored number of "kids" havent left home. Youa re closing in on zero pou;ation growth and the Boomers are leaving.
Record 33% Of Young Americans Living With Parents | ZeroHedge
There is a housing shortage, home values are through the roof, in more affluent and desirable locations, many homes are selling for far more than the asking price, due to bidding wars.
The main places you are finding that ridiculously expensive housing is in the more desirable locations, which is mainly in blue states. Red state shitholes are typified by lower incomes, lower education levels, lower physical fitness and the highest rates of obesity.