housing market

Housing Is Affordable, There’s Just Too Many Jennifer Aniston’s

Jennifer Aniston is single. But as a 2015 write-up from here pointed out, Aniston’s status was a choice as opposed to a situation that she couldn’t escape. Realistically, millions and perhaps billions of men would have gladly changed Aniston’s status to “married.” And they still would. Aniston holding out for something better arguably explains the U.S. […]

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Why Is Everyone So Sure That More “Housing Supply” Is the Solution?

Do you remember the legislation that put incredibly affordable supercomputers in our pockets, or the federal decree that made Artificial Intelligence (AI) access as costless as an internet connection? That’s the point. Great advances in commerce are never an effect of legislation, and they’re certainly not a consequence of politicians scanning the marketplace, finding

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The Message Isn’t More Housing Supply, It’s Don’t Own a Home

“Our story wasn’t unusual. Because the median house was within our financial reach, members of my generation were able to begin homeownership early in our careers and parlay the increased value of our dwellings into larger homes for growing families.” That’s William Galston, a “token” left-wing columnist at the Wall Street Journal’s editorial page. Perhaps not

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Institutional Investors Are Asking To Do Your Worrying For You

An insufficiency of share supply was holding down Goldman Sachs shares not long after it went public in 1999. That’s why Goldman’s partners were given a chance to sell more of their shares in a secondary offering. A lack of “float” in GS shares made it difficult for the biggest institutional investors to own

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If You Think Housing’s Expensive Now, Let Government Make It ‘Cheap’

“Roaches check in, but they don’t check out.” That was the iconic line from the 1970s/80s Black Flag Roach Motel ads. At risk of wasting words, roaches would enter traps that they would never be able to exit… The ad springs to mind as man bites dog, and Sen. Tim Scott (R-SC) teams up

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