Happy Monday Morning! We’ve talked a lot about immigration. Remember, the Feds targeted 430,000 permanent residents in 2022 and hit those with ease. Those targets have been set even higher moving forward. However, the real issue here is these figures do not include non-permanent residents. It seems strange to omit these people considering the fact that once you factor them into the calculations our population actually ballooned by a million people in 2022.
I found it funny that in this report you "You don't know why things have changed in the housing market in the last few months" then you say "The Investors are back". Investors are the reason things have changed. When will everyone realize that speculation drives up the price and is a big driver of the housing crisis. We don't need speculators in Residential Real Estate.
Good morning Steve. Could there be a bigger elephant in the room? All the debt and mbs that have reversed interest rates could be portending something much worse than immigrants sleeping in tents. Fear stops building. Cheers, Rick
Good morning Steve,
I found it funny that in this report you "You don't know why things have changed in the housing market in the last few months" then you say "The Investors are back". Investors are the reason things have changed. When will everyone realize that speculation drives up the price and is a big driver of the housing crisis. We don't need speculators in Residential Real Estate.
Good morning Steve. Could there be a bigger elephant in the room? All the debt and mbs that have reversed interest rates could be portending something much worse than immigrants sleeping in tents. Fear stops building. Cheers, Rick
Maybe it’s due to the low listings and a perceived shortage. Or maybe these people are like the flappers before it all went to hell in the 20’s.