Homebuilding is Doomed
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
This Big House
Decades ago, houses were much smaller than they are today. Centuries ago, they were smaller still. You can see this relationship between size and age reflected both in the various states (Utah homes are, on average, much newer than those in New York state) and countries (U.S. homes are newer than those in England). Check out the wild spread in average house sizes:
Redfin Times Two = Reality
I am always amazed how just plain WRONG the Redin real estate estimates are. It is consistently 50% of the value of my own home, and I was reminded of this when I saw this recent headline.
Housing Told Ya
As I’ve been mentioning, the bond bear market has fully resumed, and TLT has been range-bound. After the big bounce last week, I pointed out the blue trendline as resistance. We have sunk since then, pushing rates higher.
The Great White North
You probably have heard how insane Canadian house prices are even though their economy stinks. Ontario and B.C. are basically California-level:
