CONSTRUCTION-TARD ALERT: Housing starts up 16.9%...Highest in 13 Years... WINNING !

Don't worry.

The Democrats are working tirelessly to remove and defeat Donald Trump so they can fix this economy.

I heard one of them say that yesterday. Talk about delusional

Dem Demtards!

I'm putting all my eggs in one basket!

stupid clown. look around you- empty business storefronts whereever you turn. UNEMPLOYMENT UP
RENTS up
national debt nearing 24 TRILLION
wtfu

Thanks for stopping by, Juan!

Hey OP, did you know that the volume of empty houses and retail establishments is at an all time high?

Did you know the 1% are using these properties as money laundering and tax schemes?

Not winning.

[link to www.revealnews.org (secure)]


America’s cities are being bought up, bit by bit, by anonymous shell companies using piles of cash. Modest single-family homes, owned for generations by families, now are held by corporate vehicles with names that appear to be little more than jumbles of letters and punctuation – such as SC-TUSCA LLC, CNS1975 LLC – registered to law offices and post office boxes miles away. New glittering towers filled with owned but empty condos look down over our cities, as residents below struggle to find any available housing.

All-cash transactions have come to account for a quarter of all residential real estate purchases, “totaling hundreds of billions of dollars nationwide,” the Financial Crimes Enforcement Network – the financial crimes unit of the federal Treasury Department, also known as FinCEN – noted in a 2017 news release. Thanks to the Bank Secrecy Act, a 1970 anti-money-laundering law, the agency is able to learn who owns many of these properties. In high-cost cities such as New York, San Francisco, Los Angeles and Miami, it’s flagged over 30% of cash purchases as suspicious transactions. But FinCEN also cites this bill to hide this information from the public, leaving the American people increasingly in the dark about who owns their cities.

For journalists, it requires undertaking a tremendous investigative effort to find the real owner of even one property, let alone millions.

“It reminds me of Moldova after the fall of the Soviet Union: oligarchs running wild, stashing their gains in buildings,” James Wright, an attorney and former Treasury Department bank examiner, told me. He now helps foreign governments combat money laundering. “Back then, you’d walk down the street, and people would say, ‘That building is a washing machine.’ Everyone knew it. Today, America is not that different.”

So it's a bubble and that's winning?

Trump pushing zero interest rates is winning?

Man the tards are really satanic flipping good upside down to excuses a traitor.

Hey, AC 826,

Did you know that those of us in construction got KILLED
in the Obama years?

Did you know that Construction represents a whopping 13%
of the US Economy?

This rise in construction damn sure is WINNING!!!

Thanks for the


:bf133:

So much of the building is based on foreigners purchasing, renting, etc. that I want it to stop. I'm tired of all the farmland having housing editions built on it.

[link to www.housingwire.com (secure)]
Losing!!

Well can ya’ll maybe start building housing my generation can actually afford and not a bunch of massive housing for the 55+ communities.

Contrary to popular belief I do not want to live with my parents forever.

Even shitty trailers are like $1200 a month PLUS lot fee AND utilities now.

I only make $1500 a month and my boyfriend is a seasonal worker BECAUSE of working in construction/electrical/pipe work

I wouldn’t mind living in one as long as they are clean but the affordable ones are NOT. And are in dangerous areas.

I only want a little starter home you guys had back in like the 60’s...

Your IP indicates you're based in Canada.

Regardless, that country is run by an idiotic, sloppy-ass, inhumane liberal/leftist.

How's that working out for them?

.

I see what you mean.

All those nasty carpenters, electricians and plumbers
need to boycott work!

Wheel of Fortune needs more ratings!

Yea because there are no homes left, at all..

Construction is going to sky rocket..

Liberal or conservative, leftwing or rightwing, I'll admit that's not a good approach when it comes to one aspect of the President's philosophy.

Overly low interest rates are the flip side of the negative impact of overly high interest rates.

.

Hey TN, did you know Obama presidency followed the Bush economic collapse? So what's ur point?

Is it okay to make short term profits at the expense of the long term health of the evonomy by building houses no one can afford and that remain empty and - further - devalue existing homes?

Gotta house the brown immigrant
replacement workers somewhere

Welcome to Trumps America

Did you know this story is bullshit? Online tax records will immediately tell you what person or entity owns a property. Online state records will immediately tell you who the principles are for any given entity. Think brother, think.

A builder was on here one time saying how things had slowed down drastically in San Francisco where he had been constantly busy with construction for 20 years. I thought- San Francisco is a small land mass- how can many people be constantly busy building structures there for decades with no lull? Constant building is not normal ?

One cannot call anything he's currently doing winning.

Ending the fed is real maga, telling people about real money real hard money coins like American and gold silver eagles and that they are perfectly legal tender would be winning Trump is doing nothing to restore the republic or even to maintain it at all.

the idiots that keep coming here and telling us about his winning when it's really losing or nothing but shells whether they realize it or not or whether they're paid or not it's just foolish and stupid and counterproductive.

Yes yes it's great but who the fuck is going to work for $16/hr building houses?

The area I'm in the contractors could get contracted to build 25 houses in a year and maybe end up finding enough skilled workers to show up every day for $16/hr ($20 tops for experienced framers) in the dead of winter to build rich people their houses...to build maybe 5 houses LOL.

How many here would work for $16/hr BUILDING HOUSES with no benefits in the dead of winter while an angry construction boss breaths down your throat?

Like it or not the home construction industry will be held up by illegal immigrants soon because there is simply no incentive for a kid born now to want to work in that industry making $16/hr doing hard, dangerous work.

If you're not making at least $30/hr in 2020 you're fucked.

Run that back to the economic figures we're seeing now and see where you stack up.

This.

In metro areas entire neighborhoods are purchased by intermediaries of foreign-owned companies that supply h1b workers - even before the first lot is cleared. They funnel these workers into the new housing. It's the 21st century version of the "Company Store" phenomenon that existed in the early 20th century. Like in Grapes of Wrath, housing supplied by employer.

Middle class American famiies are not buying new construction homes. It's like 400,000 to 600,000. Too expensive.

Of course, you guys know the President has virtually Zero
influence on what the Private Money Cabal called the Federal
Reserve does about interest rates.

His policies are taking advantage of the Fed's manipulations,
and I think the Fed's are surprised and a bit frustrated.

They planned a big carsh by now.

My Dad made that much money doing construction work in the late 1970s-mid 1980s. It's the glut of world wide workers building for the massive stream of other foreigners- not just homes, but chain stores, schools, investment property they are allowed to purchase- etc., etc. An "upper caste" woman from India who owns a jewelry store in my town said that it's much cheaper to buy land here than in India.

Fo r the nyounger generations, I've noticed a change in the housing.....more buildings are renting rather than condos and the houses built are smaller....

The younger folk rather rent apartments and the "green" mentality makes selling smaller affordable houses easier...

Yes.

Trained Denier.