In Housing, a Supply Problem of Epic Proportion

UK Housing market: Could this be a perfect storm?  · In October 1942 Fredericksburg was once again hit by a devastating flood of epic proportion. A 45-foot wall of water submerged or partly submerged buildings housing more than 500 families, stopped all electric power and contaminated the water supply. There were 1500 persons driven from their homes. Five gasoline and oil storage tanks in.

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However, even though housing starts slowed down, economists haven’t given up on.Right now, housing isn’t particularly demand driven; it’s supply driven. And as I wrote in March, right now we face a supply problem of epic proportion. It’s a problem we have yet to address, and home prices eventually must reflect that.

Last week Housing Wire ran an article titled In Housing, a Supply Problem of Epic Proportion. The article reported: To understand the depth of the problem here: we’ve already got 4.7 million loans either 90+ days delinquent or in foreclosure, according to LPS data. How do these numbers compare to numbers in the past?

“We need to ask ourselves whether this plan will provide a long-term supply of housing and land to meet. help solve the city’s immediate need or affordable housing. Why Hong Kong’s housing problems.

Detroit housing market remains mystery after bankruptcy These days, Detroit is still struggling to recover from the 2008 financial crisis, and the two banks have pledged to help resuscitate the city and its crippled housing market. So, guess how many home mortgage loans these two enormous banks made last year in this city of 637,000 people.

Like any commodity, the price of housing is fundamentally driven by the relationship between its availability (supply) and the desire of those with adequate purchasing power to buy it (demand). The rise and fall of prices is-in theory-a reflection of these basic factors: high supply of housing and relatively low demand keep costs down, while high demand and low supply push it up.

 · Housing ‘reform’. The rents for subsidy recipients who are not elderly or disabled would increase from 30 to 35 percent of their income. The government would no longer take child care and medical expenses into account in determining rents. And the minimum rent recipients must pay would triple from $50 to $150 a month.