GON
$100 Site Donor 2024
I taught for four years at a top 30 university- I know hard to believe. And for note, I was not smart enough to be a student at this university.
Anyways, one of my students was a chemical engineer. Super smart guy, probably could hold his own with Elon Musk. You could just tell this young man had the goods and was going to be successful in any endeavor he selected. I would tease him I wanted to be a security guard at his firm when I retired.
This young man traded being a chemical engineer to be a real estate developer. He is developing properties from the East Coast of the U.S. to Hawaii. Yesterday he published an article to his investors stating that the shortage in residential real estate will take decades to correct, but due to many factors, may never correct. He further stated that the shortage in residential housing became apparent to the general public in 2021, but that the charts show the decline in residential real estate development started in 2009 and never recovered. And year over year the lack in residential real estate starts has added up to a backlog that nobody can or is trying to fill.
His bottom line to his investors- residential real estate is both a near term and long-term golden goose. This also means that for individuals looking to buy a home, it may be tough today, and get even tougher going forward. Those private equity firms buying millions of residential properties over the past decade likely knew the shortfalls in new construction starts, and that the backlog could not actually be filled, creating more demand for a product that is a basic necessity. A good place to be for an investor.
Anyways, one of my students was a chemical engineer. Super smart guy, probably could hold his own with Elon Musk. You could just tell this young man had the goods and was going to be successful in any endeavor he selected. I would tease him I wanted to be a security guard at his firm when I retired.
This young man traded being a chemical engineer to be a real estate developer. He is developing properties from the East Coast of the U.S. to Hawaii. Yesterday he published an article to his investors stating that the shortage in residential real estate will take decades to correct, but due to many factors, may never correct. He further stated that the shortage in residential housing became apparent to the general public in 2021, but that the charts show the decline in residential real estate development started in 2009 and never recovered. And year over year the lack in residential real estate starts has added up to a backlog that nobody can or is trying to fill.
His bottom line to his investors- residential real estate is both a near term and long-term golden goose. This also means that for individuals looking to buy a home, it may be tough today, and get even tougher going forward. Those private equity firms buying millions of residential properties over the past decade likely knew the shortfalls in new construction starts, and that the backlog could not actually be filled, creating more demand for a product that is a basic necessity. A good place to be for an investor.
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