Empty apartments finally start to fill
The biggest apartment construction boom in four decades flooded the market with new supply over the past two years. Apartment owners had to contend with a surge in empty units. That is starting to change. The...
Affordable housing in the U.S.
Housing affordability has emerged as a key issue in this year’s U.S. presidential election. Both Democrat Kamala Harris and Republican Donald Trump have talked about what they would do to increase the supply of...
The average age of U.S. homebuyers jumps to 56
The average age of homebuyers in the U.S. has risen by six years since July 2023—another sign that younger Americans are being priced out of the market due to escalating ownership costs. The average age...
The U.S. does not have a housing shortage
The word “shortage” has a very specific meaning. It refers to the inability to purchase a good at the current market price (or at any price). Rent control, which restricts the legal price of...
Inflation is the most destructive disease known to modern societies —Milton Friedman
Here’s how. 1 Shoe leather The resources and energy people use to convert deteriorating currency into stable assets are costly. Economists call this shoe leather costs, alluding to how people destroy their shoes in the metaphorical...
Paying the fox to watch the chickens: The war on private housing
Despite the rise in homelessness, the federal government continues to raise the barrier to creating shelter for those without permanent housing. Infusing bad actors with HUD money is another layer. In September the Biden admin....
Results matter
Snapshots and soundbites are used to describe politics. Makes sense. The subconscious mind constantly scans the landscape for the most important thing: The path to prosperity, stability and opportunity. And of course, a single...
