3 Reasons Why There Really Is No Housing Shortage

Read more on this subject: Housing
News Story Source: https://www.zerohedge.com by Lance Roberts
A Quick Story

In 2007, as the housing market was going crazy, I lived in a quiet, gated community. I had no intention of selling my house. However, one day, a knock came at my door from a realtor who had a client willing to pay me much more than I ever imagined for the house.

I sold the next day.

Then, In October of 2008, I bought a house from a distressed seller relocated back to England. It was the "perfect" house, next to a prime school my kids could walk to, and extremely convenient to everything. It was my "forever" house.

In 2015, I received a knock at my door from a realtor representing a client moving from Montana to work for an oil and gas company. I guess he was "The Godfather" because he "made me an offer I could not refuse."

I sold the next day.

The moral of the story is that "supply" is only a function of "price." My homes were never &qu
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