Why is housing so expensive? feat Lennar Homes

They also own Apartments and low income housing. They artificially increase property values so they can keep the rent high and the tax write-offs high. Apartments are pretty much pure profit after being purchased and "renovated" by billion dollar companies...

Lennar's average home selling price has actually fallen about 17% over the past three years. Their gross margins haven't been this low since 2011 in the heart of the GFC. I suppose they could be lower, but it is good evidence of how weak even the market for new construction is.

When Lennar "sells" to Millrose it also triggers the start of the warranty on the home which is a problem for an actual buyer down the road because most buyers generally don't know that and are led to believe they still have all the warranty protections that come with a new home

It's because there's 100,000,000 too many immigrants in this country.

Thanks for posting this. I’m sending this to my sons.

The world needs a complete systematic reset atp

This has been going on for the past 5-7 years now

TLDR joo prefer "making more money" to "making less money"

b cus I live in a perfect location

Not arms length transactions

And tax rev. That falls with prices too

What breathing strips are those exactly?

Yup

@JG_Nuke I think @ZacharyLoft gets it.. 🤔 time to talk. Speak the truth out loud yall !

late stage capitalism, amiright 😍

Seems like laundering with extra steps

Not the northeast, supply an demand houses sell here 15-20 % iver listing...

Maddening.

Is anyone else upset he didn't record the 2nd guy in a different seat?