ozymandias 2013 for gar, part 1

7/29/2019 Ozymandias 2013 for GAR, Part 1

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ozymandias, 2013

1Thursday, January 31, 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


Interest on Debt $454 billion



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Basic Math, 2011



Mandatory Spending $2,025 billion



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Basic Math, 2011




Total $2,479 billion



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Basic Math, 2011





equals



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Basic Math, 2011





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

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/


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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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Really?


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?

ozymandias 2013 for gar, part 1

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