@jayparsons Here’s demand’s backdrop, and it’s weak overall: fewer news households and jobs. Fortunately for landlords, ownership is totally unaffordable.
@jayparsons Somehow there’s capital to build in the LA-Orange county metro! Permits so far in 2026 are the second-fastest start to a year since 1990. See: https://t.co/z4RX2rxJsI
@NewsLambert Most metros aren’t the “city” we use as short-hand name for the region. Quick look at MSAs with many counties:
•New York: 23.
•Atlanta: 29.
•Chicago: 19.
•Washington: DC, 16 counties, 6 cities
•Dallas: 11
•Houston: 10
•Philadelphia: 11
•San Francisco: 5
I’ve started a weekly column for the Southern California News Group covering the rental world from the tenant’s perspective. Got ideas? Shout! Here’s the first few: https://t.co/3sKGOz0CpS
@mikesimonsen I should have said … smallest one-year gain in 13 years! This is a slooooooow moving yardstick because they have refi appraisals included and, well, appraisers tend not to be trend-breakers!
@mikesimonsen@dfwaaronlayman The municipal infrastructure to support new housing – from sewer to roads to schools to police – has to get paid some way. California chooses to have new property owners pay fees for that. In Texas and other states, property taxes on ALL owners pay those same costs.
@mikesimonsen Adjusted sales is not demand. Try household formation and/or job growth, then account for market share swings — existing vs. new vs. rentals. Then how do you account for investors, not to mention whether sellers become buyers, too.