One expert claims that housing prices will slowly drop for a long, long time. There are two culprits: Boomers and Slackers. The Boomers are getting older and will continue to die off and put houses on the market. The Slackers are a large group of young men living in their parents' basements playing video games, with little hope of being able to earn enough money to afford their own apartment, much less a house. About 20% of young men live at home, twice as much as women of the same age. And they don't appear to be good prospects for marriage anytime soon. So if you want to get a good price for a house you're selling, the first step is to throw out the video game junkie in the basement and tell him to look for another place to live. Another expert says it takes on average four deaths to put a house on the market, as the surviving spouse and children will inherit the house. The ‘growing crisis of the young American male’ could send home prices falling for years or even decades, says the ‘Oracle of Wall Street’
this is way past due. this service RealPage, effectively creates a price fixing cartel among large apartment reit's and investors First settlements reached in RealPage rental price-fixing lawsuits | Reuters Feb 5 (Reuters) - Two companies that own and operate multifamily residential properties have agreed to settle claims that they artificially inflated rental prices using RealPage revenue management software. Lawyers for the renter-plaintiffs said in a filing, opens new tab on Monday that they had reached a settlement to resolve all claims against Apartment Income REIT Corp in the Nashville, Tennessee federal court litigation. They told the court on Friday that they reached, opens new tab an agreement with another defendant, Pinnacle Property Management Services LLC, among the largest multifamily property management firms in the United States The terms of the agreements with Denver-based Apartment Income REIT, which does business as Air Communities, and Addison, Texas-based Pinnacle, owned by real estate services firm Cushman & Wakefield, were not disclosed. Inside the 'housing cartel' accused of pushing up the cost of YOUR rent: Legal battle breaks out over niche tech firm that helps landlords fix prices (msn.com) Software sold by RealPage is used by many of the largest property management firms in the US and suggests prices landlords should charge based on availability and demand in their area. But plaintiffs in several states have brought lawsuits against the firm, claiming landlords share private and commercially sensitive data with the platform which is then weaponized against renters to keep costs as high as possible. In some markets, the majority of property managers in an area are said to use the software for pricing guidance and instruction. Now legal pressures are mounting against RealPage which is run by Dana Jones, a University of Michigan graduate who labels herself a 'growth minded CEO' on LinkedIn.
was going to post new thread but drop it here confluence of events continuing to puh home values up and buyer confidence now fading natural disasters - floods, fires, storms - drives demand above "normal" demand - big electrical items, transformers, switch cabinets along with windows and sinks and light fixtures tariffs - driving material prices up, driving inflation up, driving interest rates up immigration - decimating the workforce. People afraid to show up for work, even those with e-verify approval. labor has dried up even worse in SW florida. permits for wetland impacts - Florida centric transfer of permitting from FDEP to ACOE created a 12 - 18 monthe effevtive work stoppage on projects requiring fedral permits. that ripples through the supply chain to lack of deliverable lots. Home builders just got a reality check — and it’s not good news for home buyers The numbers: Home-builder confidence plunged to the lowest level in five months as concerns over tariffs and how they could raise the cost of housing weighed on the industry. Sentiment fell in February, mainly because of a sharp drop in builders’ expectations for sales of newly built homes over the next six months. The National Association of Home Builders’ monthly confidence index fell five points to 42 in February, the industry group said on Tuesday. The February figure fell short of expectations on Wall Street. A year ago, the index stood at 48. The decline in confidence is a significant change in sentiment among home builders.
Labor Shortages: A Critical Challenge for Real Estate Developers and Investors in 2025 | by Daniel Kaufman | Jan, 2025 | Medium The U.S. construction industry faces a significant labor shortage in 2025, with 439,000 new workers needed to meet growing demand, according to the Associated Builders and Contractors (ABC). For real estate developers and investors, this shortage represents both a challenge and an opportunity, with ripple effects across multifamily housing, commercial projects, and infrastructure development. The construction labor shortage has the potential to: 1. Increase Costs: Labor costs rose 4.4% over the past 12 months, and this trend is expected to accelerate as competition for skilled workers intensifies. For developers, higher labor costs can push project budgets beyond feasibility. 2. Delay Projects: Workforce gaps can lead to prolonged timelines, delaying the completion of critical developments like multifamily housing, manufacturing plants, and data centers. 3. Impact ROI: Rising wages and longer construction times can erode returns for investors, particularly in high-demand markets…
maybe 13% nationwide but more like 60 - 70% here in SW Florida. Many undocumented, here for decades, some with minor scraps with the law along the way Statewide immigration raids cause Coastal Bend construction labor concerns | kiiitv.com CORPUS CHRISTI, Texas — Since President Trump outlined his latest immigration policies, United States Immigration and Customs Enforcement (ICE) raids in some of Texas' bigger cities have resulted in a lack of workers on those construction sites. Is that impact being felt in the Coastal Bend? In varying degrees, yes. Approximately 13 percent of residential construction jobs nationwide are held by undocumented immigrant
would it be wrong to file a complaint on a big 5 star hotel construction project owned by a maga with the support of a royal family using a lot of that type of undocumented labor? sadly, it would just be an inconvenience for the owner, while truly hurting the poor workers...and those workers awaiting the completion of the resort.
Trump deportations send construction workers ‘back to the shadows' | Context As President Trump's immigration crackdown expands across the United States with more than a thousand arrests per day, some workers are starting to wonder if they should keep reporting to their job sites. Such a response could exacerbate a housing affordability crisis that experts say needs to be fixed in part by speeding up construction and worsen a labour shortage that already threatens to delay homebuilding and raise prices. "We definitely are hearing hesitation," said Palmira Figueroa, a long-time labour activist and communications coordinator with the National Day Laborer Organizing Network. "In the last few days, I've been thinking a lot about this word ‘fear’. That's exactly what the administration is trying to do - create fear so they go back to the shadows," she said, referring to immigrant workers.
No bueno. Shortsighted policy to appease the masses. Where's the politician who wants to logically fix the system by issuing work visas with a pathway to citizenship?
As a homeowner I can only be so upset about the constrained market and disastrous policy of Trump. Gen Z can kiss my X ass.
