Housing Market/Economics - General Topics

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Anondson
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Re: Housing Market/Economics - General Topics

Postby Anondson » October 14th, 2018, 9:55 am

Zero down payment subprime mortgages are returning.

https://www.cnbc.com/2018/10/12/thousan ... gages.html

The requirement to live in the house (not be an investor) and take financial education classes on what you sign up for makes this totally different and safe they are saying.

Anondson
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Housing Market/Economics - General Topics

Postby Anondson » February 15th, 2020, 7:02 pm

Pretty good opinion piece on the tension between cities and builders that is exacerbating housing shortages in the Twin Cities.

http://www.startribune.com/twin-cities- ... 567890982/

Anondson
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Re: Housing Market/Economics - General Topics

Postby Anondson » March 9th, 2020, 8:58 pm

Some proposals to rein in Minnesota’s cities regulations that limit the construction of affordable housing.

http://www.startribune.com/lawmakers-wa ... 568637322/

Someone is proposing duplexes be allowed statewide in single family zoning.

Anondson
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Re: Housing Market/Economics - General Topics

Postby Anondson » March 21st, 2020, 9:18 pm

We might find out that AirBnB does negatively affect housing supply and thus rents.
https://twitter.com/RobCross247/status/ ... 0565111808
Would be fascinated to see what happens with AirBnB quantity in the Twin Cities with the pandemic, and how many of them are turned over into rentals.

alexschief
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Re: Housing Market/Economics - General Topics

Postby alexschief » March 22nd, 2020, 12:16 pm

I don't think anyone doubts that AirBnB has that effect!

Anondson
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Re: Housing Market/Economics - General Topics

Postby Anondson » March 22nd, 2020, 1:34 pm

A few checks of tourist-heavy cities shows the same trend.

https://twitter.com/IamShaneMorris/stat ... 4154247168

Anondson
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Re: Housing Market/Economics - General Topics

Postby Anondson » April 3rd, 2020, 7:58 am


Anondson
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Re: Housing Market/Economics - General Topics

Postby Anondson » April 3rd, 2020, 3:52 pm

The housing market collapse Carol Becker told us all to wait around for if someone wanted to buy a house at affordable prices (instead of building enough homes to meet supply) looks like it is coming very soon!

https://finance.yahoo.com/news/mortgage ... 00526.html

https://www.bloomberg.com/news/articles ... e-defaults

SurlyLHT
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Re: Housing Market/Economics - General Topics

Postby SurlyLHT » May 27th, 2020, 11:53 am

I'm not sure where to post this, but with other major cities getting hit harder by job losses due to reliance on specific industries (Houston & oil, Seattle and Boeing) is there a chance we'll get some of those residents if we can rebound our economy more quickly?

Anondson
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Re: Housing Market/Economics - General Topics

Postby Anondson » May 27th, 2020, 12:06 pm

An interesting counter force is the huge growth to work from home happening. If our local companies and industries are more resilient that other markets, why bother moving to the Twin Cities if you can stay in Seattle and work for a Minnesota company.

I was thinking that if a large percentage of jobs can move nearly anywhere, would workers look to states with a high safety net or low safety net? A low cost-high safety net might be extremely attractive when it comes to folks’ plans. That might put smaller cities that are near to the Twin Cities higher on places folks might locate to.

sanchopanza
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Re: Housing Market/Economics - General Topics

Postby sanchopanza » May 27th, 2020, 3:37 pm

Also will we see more people in Woodbury take a job in Maple Grove if Work From Home is more prevalent?
I know that some people do this now, but will more people do this?

Mdcastle
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Re: Housing Market/Economics - General Topics

Postby Mdcastle » May 28th, 2020, 8:21 am

At the company I work there's a rule that everyone has to live in Minnesota or Wisconsin. Initially it was partly so they could get called for meeting in the office or for a team-building event or to swap out a defective thin client (we aren't allowed to use our own computers so there's not data breach if one gets stolen) or to come into our office if the internet is down in a reasonable time.

Now the office is shut down, possibly permanently, things are different, but HR still doesn't want to deal with 50 different sets of income tax and employment regulations.

SurlyLHT
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Re: Housing Market/Economics - General Topics

Postby SurlyLHT » May 28th, 2020, 10:37 am

I could see COVID-19 hurting Downtown areas with the work from home trend. I'm not sure how much that will affect metro areas however. Texas is going to be hit hard with job losses and then their budget given their tax structure. Those few metro areas reliant on hard hit industries are going to lose population and go where there are jobs I presume?

Multimodal
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Re: Housing Market/Economics - General Topics

Postby Multimodal » June 2nd, 2020, 12:53 pm

Living downtown or in denser areas isn’t just about job proximity. Some people live downtown & work in the burbs.

Living in a dense area gives you walkable & bikeable amenities such as more sophisticated parks, multiple recreational trails, museums, shopping, errands, gyms, stadiums, friends, food, bars, entertainment, etc., etc.

Remember, COVID-19 is short term in the big scheme of things. Little changed about cities after the Spanish Flu pandemic. Working from home is fine for some people (introverts, people with semi-dedicated space for it), but I don’t think it’s ever going to dominate working. And if you’re an extrovert and work from home in the suburbs, you’re going to have a lonely existence.

Anondson
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Housing Market/Economics - General Topics

Postby Anondson » June 18th, 2020, 12:53 pm

Nice MinnPost story on Covid-19’s affect on rental markets.

https://www.minnpost.com/economy/2020/0 ... in-cities/

twincitizen
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Re: Housing Market/Economics - General Topics

Postby twincitizen » June 21st, 2021, 9:17 am

Strib story on how the lumber price spike is affecting apartment projects, both currently underway and in the pipeline. Quotes from Doran and others.

https://www.startribune.com/sticker-sho ... fresh=true

RedDutch
Metrodome
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Re: Housing Market/Economics - General Topics

Postby RedDutch » June 21st, 2021, 12:50 pm

I just built a Pergola and the price for cedar was brutal.

seanrichardryan
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Re: Housing Market/Economics - General Topics

Postby seanrichardryan » June 21st, 2021, 1:12 pm

I just paid 9.99 for a 2x4.
Q. What, what? A. In da butt.

EOst
Capella Tower
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Re: Housing Market/Economics - General Topics

Postby EOst » June 21st, 2021, 1:26 pm

Meanwhile, NYT reporting lumber prices falling back to earth: https://www.nytimes.com/2021/06/21/busi ... price.html

MattW
Rice Park
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Re: Housing Market/Economics - General Topics

Postby MattW » February 14th, 2022, 1:47 pm

A really good explainer from VOX on the economics of new housing.

https://www.youtube.com/watch?v=cEsC5hN ... =emb_title


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