Housing Hell
Mike FellmanThe housing market is hell. Let's figure out why. Posts mostly on real estate economics with other posts on general economic topics.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 65 | Founded | 4 years ago | Last Issue | 24 days ago |
| Active | |||||
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precon.substack.comLatest Issues
San Diego is Just the Building Cycle
San Diego stands out among large cities in California in that it has added a significant amount to its housing stock since 2019. Recently, rents have flattened and once again YIMBYs have declared victory. To be clear, this is a win not just...
AirBnB Raises Home Prices and Rents
AirBnB is a popular scapegoat for the large increase in home prices and rents since 2019, and in this case, the wisdom of crowds is correct. Conversion of the housing stock to short-term rentals both increases rents and prices through a ver...
Canada's Multifamily Boom and the Power of Housing Finance
Like the United States, Canada saw a experienced a big boom in multifamily construction from 2020 to 2022. Unlike its neighbor to the south however, Canada has sustained its high level of construction into 2023 and beyond, even as the Bank...
The Paradox of Private Equity
Private Equity is a popular boogeyman in the current political climate. Attacks on private equity have come from both the left, and surprising, from figures on the “populist right” such as Senator Josh Hawley of Missouri. Central to the ide...
Some Brief Economics of Single Family Rentals and Build-to-Rent Housing
With the passage of the ROAD Act in the US Senate, significant controversy has been generated regarding the a specific provision affecting so-called build-to-rent single family homes. This brief article seeks to be a timely explanation of t...
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Authors
The writers behind this newsletter.
Economist, formerly: Freddie Mac + IMF, Real Estate Expert, Polyglot, Chess Master
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