Isnt it wierd the United States enemies are most effected by Coronavirus

[JamesJabdi]

That is because housing is a speculative asset bubble. There is not enough affordable housing availabe, since a lot of appartments are bought as a speculative asset and left empty, because the owners just want to park their money in concrete and sell at a later point after the value went up. That's also why the majority of appartments being build are luxury appartments that normal people can never afford. As a result, people dying didn't really produce a surplus in housing and the overall situation didn't change.

There should have been more affordable housing available with over a million american dying though....alot of them were renting and what not. most of the people who died came from lower socio-economic backgrounds so we not talking about more luxury homes being available.

 

[Professor Emeritus]

Whats real weird is that over a million american (nearly all adults) died and it ain't put a dent in the housing market....You would think that over a million dying would mean a surplus in housing, but from what i gather the only real dent that COVID did to housing was promote remote work.

And rent is bigger then what it was before covid

There should have been more affordable housing available with over a million american dying though....alot of them were renting and what not. most of the people who died came from lower socio-economic backgrounds so we not talking about more luxury homes being available.

A million people is just 0.3% of the population. And most of those deaths aren't going to lead to new homes on the market because there are other family members who still live in the home or who now own the home and haven't chosen to rent/sell yet (not to mention nursing home deaths).

That's a fraction of the impact that housing speculation can have. Not to mention that no one could be evicted during the pandemic which also ensured that demand didn't drop.

 

[bnew]

Whats real weird is that over a million american (nearly all adults) died and it ain't put a dent in the housing market....You would think that over a million dying would mean a surplus in housing, but from what i gather the only real dent that COVID did to housing was promote remote work.

And rent is bigger then what it was before covid

that just goes to show you how dire the housing crisis is.

 

[Depreciating Asset]

 

[JamesJabdi]

A million people is just 0.3% of the population. And most of those deaths aren't going to lead to new homes on the market because there are other family members who still live in the home or who now own the home and haven't chosen to rent/sell yet (not to mention nursing home deaths).

That's a fraction of the impact that housing speculation can have. Not to mention that no one could be evicted during the pandemic which also ensured that demand didn't drop.

Yeah, you right about family members who live together or inherit the home, but that 0.3% is misleading because you are including 0-18 years old kids.

Lets say we take all diffrent factors into consideration and are conservative with our estimation and say only 40% of those who died had their housing put back on the market...thats still over 400k....New Orleans, Cleveland and Minneapolis has a population size of around 400k.....thats massive.

 

[Professor Emeritus]

Yeah, you right about family members who live together or inherit the home, but that 0.3% is misleading because you are including 0-18 years old kids.

Lets say we take all diffrent factors into consideration and are conservative with our estimation and say only 40% of those who died had their housing put back on the market...thats still over 400k....New Orleans, Cleveland and Minneapolis has a population size of around 400k.....thats massive.

It's not going to be 400k houses on the market - a LARGE majority of covid deaths would be people with a spouse, live-in-partner, living with adult children, or in a nursing home. Houses would only go on the market if the person who died from covid was living totally alone. Only 17% of US adults live alone and a large % of those are younger adults. So we're talking closer to 100k houses on the market.

And even 400k houses on the market is fukking tiny. There are 124 million households in the USA. So 400k houses on the market would be....0.3%, exactly where we started. And now that I see the living alone #'s, in reality we're talking well under 0.1%

 

[bnew]

It's not going to be 400k houses on the market - a LARGE majority of covid deaths would be people with a spouse, live-in-partner, living with adult children, or in a nursing home. Houses would only go on the market if the person who died from covid was living totally alone. Only 17% of US adults live alone and a large % of those are younger adults. So we're talking closer to 100k houses on the market.

And even 400k houses on the market is fukking tiny. There are 124 million households in the USA. So 400k houses on the market would be....0.3%, exactly where we started. And now that I see the living alone #'s, in reality we're talking well under 0.1%

lots of people moved out of homes too because of loss of duel-incomes and/or increasing covid medical bills.

Covid killed her husband. Now it’s taking the only home her kids have ever known.

https://www.washingtonpost.com/dc-md-va/2021/08/09/widow-covid-missouri-home-loss/ The death of Lisa Grim’s 37-year-old husband not only devastated her and her two sons emotionally, it has broken them financially Ralphie Grim, 10, pulls back the patio blinds in the family’s new apartment in...

www.thecoli.com

 

[Professor Emeritus]

lots of people moved out of homes too because of loss of duel-incomes and/or increasing covid medical bills.

Covid killed her husband. Now it’s taking the only home her kids have ever known.

https://www.washingtonpost.com/dc-md-va/2021/08/09/widow-covid-missouri-home-loss/ The death of Lisa Grim’s 37-year-old husband not only devastated her and her two sons emotionally, it has broken them financially Ralphie Grim, 10, pulls back the patio blinds in the family’s new apartment in...

www.thecoli.com

Limited because evictions were paused, and the vast majority of those people were still living somewhere, so they were still taking up one household. And on the other hand, a ton of people upgraded or even got 2nd residences because work-from-home allowed them to stay wherever they wanted.

Why are house prices so high? Blame remote work, not ‘speculative bubble,’ Fed study says

Remote work drove over 60% of U.S. home price surge, new Fed study says

www.deseret.com

But regardless of the various factors, the whole point is that deaths is not meaningfully one of them. With only 18% of American adults living alone, having 0.3% of the population die is not going to open up enough vacancies to make any sort of dramatic impact.

 

[karim]

There should have been more affordable housing available with over a million american dying though....alot of them were renting and what not. most of the people who died came from lower socio-economic backgrounds so we not talking about more luxury homes being available.

 

[Gil Scott-Heroin]

There is no virus - it's the 5Gs in the network systems that is causing the health hazards. Look up Hypoexemia. China is the technology production epicenter. There's your warning- it's my civic duty to pass this information along. But yall stay sleep though.

And you got cats on this board thinking this thing is fighting for something real.

But y'all stay sleep though.

 

[maxamusa]

Not when the enemies eat bats for breakfast

LMFAO CANT BREATH TAKE THIS REP

 

[3rdWorld]

Italy???

It practically decimated them..for a second I almost felt sorry for them too

 

[True Blue Moon]

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