Century 21 CEO Mike Miedler argues construction companies need to work ‘double-time’ to catch up to millennial and Gen-Z homebuyer demand. #FOXBusiness
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Who paid this guy? Spreading false information to try to Hype up his market? Pshhh
Build all you want, The problem is getting power to all those homes. The supply chain for equipment needed for power are MIA. Can`t get the equipment needed. Suppiers are having problems getting the material to build that eqpiment.
A depression would fix the housing price income disparity.
2008 all over again. I'm selling to leave NY (Cesspool), moving to Florida and renting until it all collapses (in about 9-12 months)
Shut up you liberals, Trumps tax cut to the rich did not give them lots more money to invest in residential homes!
I think the powers that be are responsible for all the overpriced real estate frenzy and now will crash the economy and take all that real estate back at a major discount.
18,000 people crossing into the country daily won't help with supply and demand of housing in the long run either.
Foreign real estate investment firms and big box real estate holdings who are slum lords. This is going to get you richers’ balls put in rubber-bands and machetes to ⚾️⚾️. As you lay in your mansions, think is there a Kung fu 🥷🏽 coming to choppy choppy your Vienna sausage. You know you cheaped out on security. Sleep well playing with that😈
Maria 🔥🔥🔥🔥🔥🔥🔥🔥🔥
Too bad we have a massive shortage of contractors.
I’m a licensed real estate agent and I definitely wouldn’t buy anything in this market. Way over priced. I don’t try to predict the market because no matter how many variables you think your prediction is taking in account, you don’t know what you don’t know and it’s those variables you don’t even know exist that will get you.
Let’s not forget that cash buyers have ruined the market too. You can make a whole segment just on that alone. Between the big companies that swoop in and the sellers who buy more than one home. It’s been extremely difficult for first time buyers.
In Australia if buying a first home you are paying premium prices and competing with overseas buyers cashed up but worse is investors that out bid those trying to buy a home to actually live in while the investors get tax breaks & can negative gear the property basically the first home buyer is subsidising the competition,
There is no limit to how many properties an investor negative gears,it is not a ‘free market ‘as the investor is favoured by government policy & tax benefits
There are more people buying their seventh or third property than first home buyers
The government also offered first home buyers free $ towards building a home causing such a demand that prices rise,building cost rise & labor costs rise and a shortage of tradesmen then with Covid shortages of material & material cost rises
Government involvement is to blame
Economists are useless
If they studied history it’s all straight forward that government involvement & money is the problem
56% of Americans are unable to cover an unexpected $1,000 bill with savings, according to a telephone survey of more than 1,000 adults conducted in early January, 2022 by Bankrate. I am not sure what this guy is saying that people have a lot saving….
Thank you democRATS.
Full of poo. Crash around the corner.
Bought 3 boards, 1- 2×4 & 2 2×6, over $31 + tax… let's go Brandon. Inventory won't improve until the repo's come on the market fueled by democrat's inflation / recession.
i'm done sitting tight for the award advance since i acquire$23,000 every 12 days of my investment
How many homes are needed for the hundreds of thousands of illegals crossing the border from Mexico. Let’s go Brandon!
I really feel betrayed by the way Biden has torn our future to shreds
with the inflation he has created for Americans, it's a disgrace
Material costs are through the roof, plywood, wire, pvc, etc.
LMAO… asking real estate agents if we are in a bubble is great… We are abviously in a bubble, bought a house in 2018 and sold with 100% return in 2 years. Just wait till the recession and layoffs happen.
Yall dont see the plan buy homes then rent them and rates hire then a mortgage
Who is buying
The guy whit the strategic behind is absolutly right ….. if you buy on credit it will go even worst.
Come on, the housing shortage is because of millions of illegals pouring in.
Problem? My home's value increased $100k in the past year. I'm on pace to retire comfortably. I don't see where there's a problem.