COMMENT: Marty, you are by far the greatest long-term forecaster ever. I worked on the floor in 2007 when the market crashed on the exact day of your ECM. Everyone called it Armstrong’s Revenge. That was the very day of the high in the Shiller Real Estate Index for 2007. I know you say the […]
You will own nothing. Accessory Dwelling Units (ADUs) have grown in popularity in recent years. America has recently imported a concept stemming from across the pond in the UK to pacify housing fears. Build-to-rent (BTR) communities are becoming a common development as the majority of Americans struggle to either afford or find housing. Around 23% […]
Home prices in the US are near all-time highs. As I repeatedly stated, we can no longer look at real estate on the national level. Demand and value are contained to certain states and areas of certain states that the public has deemed most desirable, largely due to political factors such as taxes. Yet, at […]
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/PublicSectorEmployee.Homelessness.mp4 California’s homeless crisis proves the public sector is a welfare program and political tool. The California State Auditor released a report this month that reveals California’s programs to combat homelessness have been utterly ineffective. Nine agencies funded by the state have received billions from 2018 to 2023, but homelessness is rapidly rising and […]
Those in the UK are familiar with the challenges that accompany failed housing regulations, high demand, and low supply. A recent study by Resolution Foundation shows that those in the UK pay far more for housing than any nation in the OECD. Finland technically pays more, but not when factoring in the total amount the […]
Most first-world nations are experiencing a crisis in housing affordability as there is simply not enough supply to meet the demand. Major corporations swept up the majority of homes when mortgage rates were artificially low. Those who own are less likely to less as they could downsize and still have a larger mortgage bill due […]
Liberal California lawmakers are proposing new legislation that would grant illegal migrants zero-down, zero payment home loans. Assemblyman Joaquin Arambula, D-Fresno, who penned the bill, states, “The social and economic benefits of homeownership should be available to everyone.” This completely insolent maneuver is a slap in the face to all taxpaying citizens who can barely […]
Whenever those in Congress mess with real estate, they have ALWAYS, and without exception, caused a major crash. The Entire Savings & Loan (S&L) Crisis was a catastrophic disaster that wiped out nearly one-third of all the 3,234 savings and loan associations in the United States between 1986 and 1995. I previously mentioned that hedge […]
The S&P CoreLogic Case-Shiller Index reported a 3.9% year-over-year increase in home prices in September, despite a surge in mortgage rates. The growth coincided with the 30-year fixed mortgage rate’s climb toward 8%. Notably, rents are easing while home prices continue to rise. The report highlighted that of the 20 metropolitan markets, Detroit saw the […]
The demand for housing in Canada drastically outweighs the supply. The Canada Mortgage and Housing Corporation (CMHC) has confirmed that fewer new builds are expected for 2024. In fact, the agency anticipates that Canada will be short by 3.45 million homes by 2030 – right on time. Better yet, the gap is certain to widen […]
