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Are We Heading for a Housing Crash in 2022?
Afford Anything
The Cost of New Construction Is Prohibitively Expensive in Many Areas
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In february 20 20, before the pan demic, or at least before the shut downs, freddy mac published a report warning of a severe housing shortage. And they estimated that the us. Suffered from a deficiency, a shortfall, of two point five million homes relative to housing demand. Now there are several factors that went into this. Number one, in many cities, the cost per square foot of new construction, is prohibitively expensive. As a rental investor, it's the structure that gives you the cash flow, not the underlying land. That's neither here nor there.
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