Thank you for commenting on the housing market in the Northeast... glad I'm not the only one that thinks it's insane that a home built in the 50s and next to the train tracks is selling for +$1.5M. It's at parity or cheaper to build a new home on a lot when you factor in maintence costs of a 70 year old house which is nuts.
Great post as always Andy. Do you think Residential prices can really come back down after such a steep drop in Construction starts and then the coming issue of getting new units approved in time to scoop up supply?
How do I join the Discord server Andy?
Thank you for commenting on the housing market in the Northeast... glad I'm not the only one that thinks it's insane that a home built in the 50s and next to the train tracks is selling for +$1.5M. It's at parity or cheaper to build a new home on a lot when you factor in maintence costs of a 70 year old house which is nuts.
Great post as always Andy. Do you think Residential prices can really come back down after such a steep drop in Construction starts and then the coming issue of getting new units approved in time to scoop up supply?
https://preview.redd.it/a2l8p9xay7j81.jpg?auto=webp&s=683bb2f44c722a56c324dff7586a6ba74c606e77
We now have to OVERBUILD due to this.