Jas Jain gives his answer for DEMAND below.
-------- Forwarded Message --------
| Subject: | The US Housing Peaked at the End of 2015Q2 |
|---|---|
| Date: | Sat, 30 Jan 2016 08:37:42 -0800 |
| From: | Jas Jain <jas_jain |
The US Housing Peaked at the End of 2015Q2
The home ownership rate for the US as a whole have been declining for the past ten years.
Vacancy rates, rental as well as homeowner, peaked 5 years ago and had been declining up to 2015Q2 and now they are both back on the rise. For the year as a whole there are more vacant units at the end of 2015 compared with the end of 2014. This according to the latest report released last week.
Total vacant Units peaked in 2009Q1, the same time the the US scam market bottomed. The total vacant units bottomed in 2015Q2, the same time that the US scam market peaked!!!!!!!!!!!!!!!!!!
From Los Altos Real Estate - Home prices gain another 15.7% in 2015
FWIW, back in 1998 and 1999when homes in Los Altos were "only" worth $750,000 to $1,000,000 Jas Jain told me I should cash out because the stock market would crash (Nasdaq to 400) and my home would sell for $250,000. Well, he had the digits close... but it passed through $2.5M without going any lower.
So, if you predict, predict often!
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1 comment:
Did I say anywhere anything about the prices, Kirk? I am simply talking about the demand relative to the supply that peaked at the end of 2015Q2. The demand relative to the supply bottomed in 2009Q1.
Jas
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