Kenny Capital
@KennyCap_Phd
https://www.youtube.com/@kennycap_phd https://www.kennycapitaladvisory.com/data
So nonfamily household growth is a common theme across markets regardless of geography. Below are 4 separate counties (that I'm not giving away) as an example. There is no evidence of a structural housing shortage @m3_melody @MrAwsumb kennycapphd.substack.com/p/why-northeas…
Whoever created pedal taverns and Keeping Current Matters has to be the same person, right?
Households in Brentwood love the heloc- makes sense But it's not all cash buyers out there, despite the reputation
The response you get from people who blindly invested in residential real estate post COVID
BREAKING: Former attorney for Jeffrey Epstein, Roy Black, has died, per AP.
BREAKING: Former attorney for Jeffrey Epstein, Roy Black, has died, per AP.
Let me also add that you are exceptionally full of shit
Let me just add this to the water table… Bill Pulte would be an exceptional pick to run the Federal Reserve. He is crushing it at Fannie/Freddie and deeply understands rates. I think the next Fed Chair needs to be: someone who understands rates because they actively…
If you attend a summer cookout, & you attempt to go in for a double dip...
I heard a rumor that I might be having bacon and eggs for breakfast this morning. Sound the alarm!
Hey look- I repackaged some stuff from a 3rd party data provider, made a shload of noise in the process, and called it an original thought!
I get the point here, but this lacks context- need to show natural change, international migration, and residual to get the full picture. Take it back further too. That's a large metro- maybe focus on the more populous counties. You still won't like what you see.
Since the invention of A/C, Atlanta's growth was a given. Not anymore. For the first time on record, more Americans are leaving metro Atlanta than moving in.
Something I remember distinctly during the GFC was the correlation between LTV's climbing over 80% and defaults. Defaults would climb at an exponential rate the higher the LVT, and going pretty much parabolic at 100%+ LTVs. Whether people could afford the payment or not, they…
By my measure. FHA underwater mortgages jumped 30% May to June from 2.05% -> 2.675% of the 8 million portfolio. See what localities (census tract granularity) saw the increases including maps identifying the intersection of 60 day+ DLQ and underwater FHAs. Link in 1st reply.
#2- there are simply local dynamics that cause supply to unwind at varying rates of change across markets.
One of two thing will happen after a few years: 1) The Sunbelt will turn around and move in tandem with the Northeast and Midwest; 2) The Northeast and Midwest will follow the Sunbelt down. Anyone who thinks this divergence will continue over a long time horizon is unserious.
June Redfin results are out, and things have taken quite a turn under the hood... Will Wednesday be NAR’s last stand for the COVID cycle? @DiMartinoBooth @RudyHavenstein @VladTheInflator @KennyCap_Phd @MrAwsumb @Johncomiskey77 👇 open.substack.com/pub/m3melody/p…
If he keeps this up, he's going to win a truckload more majors
The Champion Golfer of the Year 🏆 Another Major. Another Reminder. Scottie Scheffler is built for big stages. See you in September. 🇺🇸 #GoUSA
That's how it's done
Unfortunately, @BuySideCPA is philosophically opposed to leg tattoos
This bruiser is living right!
Happy Sunday from the highlands 🐕🏴