Outside of my bloviating on Dr. Malone's and other substacks, I'm a nobody. I'm just a schmuck living in Kingston running a teensy-weensy biz (not a plumber anymore, and that was in NY 40 years ago). What I'm saying is that IDK any journalists w/ sway that have influence.
My 'schmuckness' is also the reason I believe that ALL the politic…
Outside of my bloviating on Dr. Malone's and other substacks, I'm a nobody. I'm just a schmuck living in Kingston running a teensy-weensy biz (not a plumber anymore, and that was in NY 40 years ago). What I'm saying is that IDK any journalists w/ sway that have influence.
My 'schmuckness' is also the reason I believe that ALL the politicos already know the truth. Pollievere's smokescreen is 'regulations' (JHC, what a tired excuse- Regan used that bromide in 1979) and JT's is 'foreign ownership'. Sure, maybe they have an impact; I'll even give you 5% each on home prices...but that's it.
It's funny you mention 2018, b/c that's when I saw a 20% jump in my home's value in my neighborhood. We bought in '11 for ~$232K and in '18 we could have sold for about $300-325 and were astonished. YESTERDAY a place across the street from me went for $600K in a bidding war. And it's gonna be a rental as far as I know.
It's a repeat of the housing bubble that melted down in '08, but the financing's different in that the majority of the current ownership can be traced back to Bay/Wall St thru numbered co's IMHO. The current residents aren't overleveraged owners, it's renters that are overstressed in trying to keep up w/ the rent. And they're replaceable.
Davos Man discusses the WEF's campaign last year. This year's titled 'The Great Reset', last year their motto was 'You Will Own Nothing, And You Will Be Happy'.
Ol' Justin's an alumni of the WEF's 'Leadership Group' (or whatever they call it) and ain't it a hoot that he didn't TOUCH the Wall St/Bay St root of home prices. He didn't say a word.
Frankly, home prices are more a Provincial matter anyway: they set the regs/tax rates/ etc etc... outside of fiscal policy it's not really a Fed issue.
With the price of building materials, et al. surging as they are and coupled with the constricted supply chains, housing will not get any cheaper any time soon.
Tough for my kids but that's the way the old cookie crumbles.
Outside of my bloviating on Dr. Malone's and other substacks, I'm a nobody. I'm just a schmuck living in Kingston running a teensy-weensy biz (not a plumber anymore, and that was in NY 40 years ago). What I'm saying is that IDK any journalists w/ sway that have influence.
My 'schmuckness' is also the reason I believe that ALL the politicos already know the truth. Pollievere's smokescreen is 'regulations' (JHC, what a tired excuse- Regan used that bromide in 1979) and JT's is 'foreign ownership'. Sure, maybe they have an impact; I'll even give you 5% each on home prices...but that's it.
It's funny you mention 2018, b/c that's when I saw a 20% jump in my home's value in my neighborhood. We bought in '11 for ~$232K and in '18 we could have sold for about $300-325 and were astonished. YESTERDAY a place across the street from me went for $600K in a bidding war. And it's gonna be a rental as far as I know.
It's a repeat of the housing bubble that melted down in '08, but the financing's different in that the majority of the current ownership can be traced back to Bay/Wall St thru numbered co's IMHO. The current residents aren't overleveraged owners, it's renters that are overstressed in trying to keep up w/ the rent. And they're replaceable.
Davos Man discusses the WEF's campaign last year. This year's titled 'The Great Reset', last year their motto was 'You Will Own Nothing, And You Will Be Happy'.
Ol' Justin's an alumni of the WEF's 'Leadership Group' (or whatever they call it) and ain't it a hoot that he didn't TOUCH the Wall St/Bay St root of home prices. He didn't say a word.
Frankly, home prices are more a Provincial matter anyway: they set the regs/tax rates/ etc etc... outside of fiscal policy it's not really a Fed issue.
With the price of building materials, et al. surging as they are and coupled with the constricted supply chains, housing will not get any cheaper any time soon.
Tough for my kids but that's the way the old cookie crumbles.