Would-be home buyers may be forced to rent the American dream, rather than buy it

By artappraiser on Mon, 03/21/2022 - 2:47pm |

Rents are increasing dramatically across the U.S., but what is the cause? “We didn’t build any housing for [millennials] in the last decade because we are still so traumatized by the last housing crisis,” Redfin chief economist Daryl Fairweather explains. https://t.co/ZJ58Uhx2W2 pic.twitter.com/PEhKylYvgO
— 60 Minutes (@60Minutes) March 21, 2022

URL:

https://www.cbsnews.com/news/rising-rent-prices-60-minutes-2022-03-20/

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just goes to show ya, yet another example how the NYC Dem machine's highly-paid social workers are simply de best, better than all the rest, at setting up Kafka-like bureaucracies of paperwork shuffling -

REVEALED: A bureaucratic "nightmare" has left empty 2,500 apartments meant for New York's neediest and homeless, nearly identical to the number of New Yorkers living on the streets and in subways -- https://t.co/3T6DpHfiBu
— City Nolan (get your ) (@ndhapple) March 21, 2022

the NYPost loves them these kind of stories, of course, they assign them and then the reporter nearly always finds the goods. Because they basically all have 'tenure' - that is, their relative in Dem politics got them the job

by artappraiser on Mon, 03/21/2022 - 9:50pm

BlackRock President Says ‘Entitled Generation’ Now Learning About Shortages

by Sergio Chapa and Silla Brush @ Bloomberg.com, March 29, 2022, 7:00 PM EDT

BlackRock Inc. President Rob Kapito warned that inflation is having dramatic effects on the economy, with an entire generation now learning what it means to suffer from shortages.

“For the first time, this generation is going to go into a store and not be able to get what they want,” Kapito said at conference held in Austin by the Texas Independent Producers and Royalty Owners Association. “And we have a very entitled generation that has never had to sacrifice.”

The economy is reckoning with what he dubbed “scarcity inflation,” or the fallout from a shortage of workers, agricultural supplies and housing, and of oil in some regions.

“I would put on your seat belts because this is something that we haven’t seen,” Kapito said.

Kapito co-founded New York-based BlackRock, which is now the world’s largest asset manager with about $10 trillion in client assets and investments across the global economy.

by artappraiser on Thu, 03/31/2022 - 4:25pm

He calls bullshit on this commercial property spin about Dallas-Ft. Worth and he should know:

Huh ... No way ... (via @jontalton) ...https://t.co/P5aAwyBAF8
— Richard Florida (@Richard_Florida) April 1, 2022

Would love to hear more truth to p.r. power...

by artappraiser on Fri, 04/01/2022 - 2:39pm

Omar Wasow discussion on why building anything in the U.S. is so difficult & expensive:

Is there a podcast episode or series you’d recommend that goes deep on why construction—on anything from housing to public transit to nuclear power plants—is so expensive in the US?
— Omar Wasow (@owasow) April 3, 2022

Not a podcast but, I really enjoyed the audiobook for Golden Gates: Fighting for Housing in America, by @ConorDougherty: https://t.co/acGufI5zk4
— Omar Wasow (@owasow) April 3, 2022

For a deeply researched investigation into the challenges of building successful public transit in one US metro, I recommend the four part series Ghost Train about how Denver’s ambitious project went partly off-the-rails. https://t.co/WlGP1h8c2D
— Omar Wasow (@owasow) April 3, 2022

Also not a podcast but @mattyglesias recommends Robert Kagan’s work on “adversarial legalism”: https://t.co/P6mNcuNirq
— Omar Wasow (@owasow) April 3, 2022

That sounds right to me, too, combined with something of a culture-shift that almost every conflict should be understood in terms of an assault on basic rights. https://t.co/Iosh8q1XEl
— Omar Wasow (@owasow) April 3, 2022

.@joe_sill also links to an interview with Leah Brooks on US infrastructure costs since the 1960s: “I strongly suspect that there is a high correlation between income and lawsuits in these areas. That’s because this regulation really allows for lawsuits.” https://t.co/b5XKVNo9Ut
— Omar Wasow (@owasow) April 3, 2022

.@davidlnoll recommends an episode of @MattGrossmann’s podcast The Science of Politics on research into “How the Left and Right Undermined Trust in Government” https://t.co/Ff2bDT0GBx
— Omar Wasow (@owasow) April 3, 2022

.@radfugee offers a sobering thread on how “California municipalities scrutineer and nitpick applications specifically to discourage development efforts and make it expensive.” https://t.co/Mup4AER9fP
— Omar Wasow (@owasow) April 3, 2022

.@stan_okl recommends @ezraklein’s interview with @JerusalemDemsas on how “blue states and cities have become known for their outrageously expensive housing, massive homeless populations and infrastructure projects marred by major delays and cost overruns” https://t.co/0rFTCHI7UE
— Omar Wasow (@owasow) April 4, 2022

by artappraiser on Mon, 04/04/2022 - 3:59am

Would-be home buyers may be forced to rent the American dream, rather than buy it

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