Kenny Capital
9,823 posts
Kenny Capital
@KennyCap_Phd
Nashville, TN
Joined July 2023
- Expecting not to have some sort of economic reset after the most epic 15 year, full tilt, free money bender of all time is pretty hilarious if you think about it.
- Aren't you supposed to understand who sets the long end?Lower the Rate, Too Late!
- Imagine getting bullish on housing based on an abundance of old people, falling birth rates, very cost burdened younger generations/middle class, and the extra income from your dog's instagram account.
- Just so we're clear, this so called supply glut is not limited to Florida and Texas, despite what people say.The total number of homes for sale in Florida surged to its highest level in 9 years, and continues to rise #RESights #MacroEdge
- People who think there's an actual "housing shortage" are exceptionally gullible
Reminder, there was never a housing shortage. There was a price-go-up based speculative mania - Dave is a rich idiot welfare baby on a good day Also my neighborDoes someone wanna do a wellness check on Dave Ramsey?
00:00 - BREAKING NEWS!!!!🚨🚨🚨 Pleasure boats are no longer pleasurable!!!!!
- "Housing shortage" my ass- you guys need to lie betterOnly 47% of newly built apartments completed in third quarter of 2024 were rented within three months; tied with fourth quarter of 2023 for lowest share on record (aside from start of pandemic) per @Redfin
- Dual income households are brand new which means homes are actually affordable now, I promise!
- We're likely in a recession already- I know people don't want to hear that, but it's what the labor data suggests. Cut it however you want- establishment/household survey, heck even the lagged/non sampled QCEW- it all looks rough under the surface. And quit yammering on aboutHaven’t done this in a while. Let’s check in with the gig workers. Seems some resolutions include cutting back on third party fast food delivery. You know, because it’s completely absurd if you think about it.
- I have an idea- let's pump the absolute fuck out of all assets and prioritize the wealth effect over what's best for our nation as a whole.
- Pulte is making a fuss because the gravy train is coming to an end, he knows there are already plenty of homes, and residential building construction job growth is slowing (1.59% Y/Y SA as of June- that figure is likely overstated btw).
- One more time There is no housing shortage- it's just a temporary allocation issue. Folks who take a statement like that personally are morons.
