I don't consider Trump a dumb man but his 50 year mortgage idea is pure stupidity

[QUOTE]When money is cheap, buying a second property is still a smart move even if you already own a home.[/QUOTE]

I've never argued against this. In fact, I think I've gone out of my way to acknowledge that yes, it is a smart move for an individual.

[QUOTE]Investors in the market have their place so long as the number of investors doesn't outweigh the number of end users, and that's never going to happen.[/QUOTE]

Of course that's never going to happen, but it doesn't matter. If you have 10 people and 10 homes, then a reasonable market with reign. However, if one of those 10 is wealthier and decides to buy 2 of those homes then that will put pressure on the other 9 fighting for 8 places. And prices of all of them will increase.

I don't know if there is a fix because even if you increase inventory there is only a finite amount of desirable space to live. Infinitely increasing supply is not feasible.

[QUOTE=ShawkFactory;15042908]


[B]Of course that's never going to happen, [/B]but it doesn't matter. If you have 10 people and 10 homes, then a reasonable market with reign. However, if one of those 10 is wealthier and decides to buy 2 of those homes then that will put pressure on the other 9 fighting for 8 places. And prices of all of them will increase.

I don't know if there is a fix because even if you increase inventory there is only a finite amount of desirable space to live. Infinitely increasing supply is not feasible.[/QUOTE]

Well it hasn't been going on long enough for you to say "never". Investors holding on to single family homes to rent out en masse is a relatively new phenomenon. Up until the mid 2000s that number never reached over 10%. And those that did mainly concentrated on urban and vacation areas. Now they are buying everywhere in the US, urban, suburbs, and rural. As long as they can make a buck. Of course house flippers have been going on forever, but not 20-30% of homes held on to for rentals.

Supply affected by technology - more national/international buyers, airbnb, zillow, realtor.com - available to all.

I consider Trump dumb as sh!t.

The only thing dumber is his cult members.