Ed Wu

When you sell your home, you’re not paying a 6% commission. You’re paying closer to 20% of your equity. Math: $2M home 30% down is $600k of your cash 6% of the $2M is $120k So you’re paying $120k of the $600k: Yup, 20%.

If we want to fix housing, we need to build more homes. US housing is currently undersupplied by -2.1 million units. Simply subsidizing buyers won't help. Chart taken from our new US Demographics Analysis and Forecast report, out now.

Just heard this incredible stat from James Egan on Odd Lots. “1/3 of all homes in this country are owned by people age 65 or older and 50% of those homes were bought before the year 2000” 😮. Now consider Case-Shiller is up 3X since 2000, 4X since 1990

San Francisco’s poverty rate is 10%; Detroit’s is 33%. San Francisco’s unemployment rate is 3%; Detroit’s is 20%. Yet, San Francisco’s homelessness rate is a whopping 3 times higher than Detroit’s. Why? If you want to understand homelessness, follow the rent:

Wow, I somehow missed this earlier, but the Federal Reserve did a study on the impact of cities restricting/limiting renter background checks. Result: Racial discrimination INCREASED when background checks are restricted...

HUGE housing wins in Austin today! Council just passed resolutions to: - Legalize 3 homes on every lot by-right - Lower minimum lot size to 2500sqft - Exempt 3 and 4-plexes from site plans, expediting approval from 1yr+ down to 60 days Things are looking up in good ole ATX!