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ozymandias, 2013
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1. renter nation
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Renters: +3.6M
Owners: -2.8M
2010 Census
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pent-up demand?
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Why Renter Nation is the New Normal
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Basic Math, 2011
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Basic Math, 2011
Tax Revenues $2,303 billion
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Basic Math, 2011
Tax Revenues $2,303 billionminus
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Basic Math, 2011
Tax Revenues $2,303 billionminus
Interest on Debt $454 billion
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Basic Math, 2011
Tax Revenues $2,303 billionminus
Interest on Debt $454 billion
Mandatory Spending $2,025 billion
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Basic Math, 2011
Tax Revenues $2,303 billionminus
Interest on Debt $454 billion
Mandatory Spending $2,025 billion
Total $2,479 billion
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Basic Math, 2011
Tax Revenues $2,303 billionminus
Interest on Debt $454 billion
Mandatory Spending $2,025 billion
Total $2,479 billion
equals
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Basic Math, 2011
Tax Revenues $2,303 billionminus
Interest on Debt $454 billion
Mandatory Spending $2,025 billion
Total $2,479 billion
equalsShortfall -$176 billion
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-$252,000,000,000
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MID
QRMFHA
WTF
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lets not forget our states and cities...
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MID vs. Medicare
QRM vs. Social SecurityFHA vs. Section 8
NAR vs. Public Unions
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Ah, but Millennials Are Coming!
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source: prosumer-report.com - http://www.prosumer-report.com/blog/2012/03/12/moneyless-millennials-and-their-new-lives-of-financial-dependence/
one of three
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http://www.prosumer-report.com/blog/2012/03/12/moneyless-millennials-and-their-new-lives-of-financial-dependence/http://www.prosumer-report.com/blog/2012/03/12/moneyless-millennials-and-their-new-lives-of-financial-dependence/7/29/2019 Ozymandias 2013 for GAR, Part 1
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10 years ago, Steve Jobs, Johnny Cash,
and Bob Hope were still alive.
Today, we have no Jobs, no Cash, and no Hope29Thursday, January 31, 2013
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What about the ones who are buying?What are they like?
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The Elite Professional Class
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So what do these
elite young professionalsthink of real estate agents?
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more?
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more?
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they dont trust anybody
one bad experience can change it all
they are demanding, know it, and dont care
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Unprecedented Changes in Policy Environment
+Generation Screwed (and Entitled)
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Ah, but... Family Formation!
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Conclusions & Even More Questions:
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Conclusions & Even More Questions:(probably a wee bit different from Jeds)
Knowns:
Government support for real estate simply cannot last
Elites have turned against homeownership
Gen-Y Will Not Save Housing
Real Estate Agent: Loss of Value
REALTORS(R) Cant Win the Fight Over Pie
Unknowns:
Will Europe hold up? Will China?
How will Obamacare, new taxes, & new regulations affect employment?
Black Swan Events:
Open warfare
Currency Collapse
Zombies
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Questions?Comments?