By Free Republic | Created at 2024-09-26 17:12:38 | Updated at 2024-10-01 04:20:40
4 days ago
Forbes Daily: Uncovering A Homebuilder Billionaire Boom
Forbes ^ | Sep 24, 2024,08:06am EDT | Danielle Chemtob Forbes Staff
Posted on 09/26/2024 9:03:36 AM PDT by xoxox
With the nation short millions of housing units, a homebuilding boom has led to a billionaire boom, which isn’t likely to slow down anytime soon. Forbes found at least 12 new billionaires or billionaire families in the homebuilding industry, like Tom Bradbury of Smith Douglas Homes, three members of Lennar Corp.’s Miller family and GL Homes’ Itzhak Ezratti.
(Excerpt) Read more at forbes.com ...
TOPICS: Business/Economy; Government
KEYWORDS: billionaire; hombeuilder
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A billionaire homebuilder with alleged "homes."
1 posted on 09/26/2024 9:03:36 AM PDT by xoxox
To: xoxox
and the problem with that is?
2 posted on 09/26/2024 9:05:03 AM PDT by Dartoid
To: xoxox
why all the demand, friends?
3 posted on 09/26/2024 9:05:23 AM PDT by xoxox
To: xoxox
why all the demand, friends?
Exactly. Rampant immigration is leading to more demand for housing.
4 posted on 09/26/2024 9:07:51 AM PDT by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: xoxox
This housing boom is for the illegal aliens, NOT THE AMERICANS. This crap will be leased out for the illegals with government taxpayer dollars. It’s sick.
5 posted on 09/26/2024 9:08:37 AM PDT by FlingWingFlyer (The Jamaican/Injun "immigration" plan. Dilute and pollute until America is a third world sewer..)
To: xoxox
"...why all the demand, friends?"
Why, it's almost like the US population has suddenly surged.
But our birth rate is just below replacement, so the natives aren't demanding new houses. And the Baby Boomers are croaking and freeing up the houses they owned and lived in for decades.
I tell you, it's a mystery.
6 posted on 09/26/2024 9:09:38 AM PDT by ProtectOurFreedom (May the soy boys, feminazis, and alphabet weirdos choke on the toxic fumes of our masculinity)
To: FlingWingFlyer
This housing boom is for the illegal aliens, NOT THE AMERICANS. This crap will be leased out for the illegals with government taxpayer dollars. It’s sick.
BigAg ... BigPharma ... BigHousing
All financed by We the Taxpayer.
It IS sick!
7 posted on 09/26/2024 9:10:51 AM PDT by Jane Long (The role of the GOP: to write sharply-worded letters as America becomes a communist hell-hole.)
To: Jane Long
You got that right. We’re also paying for the constant hospital visits by the elderly relatives they brought with them who will never work or pay taxes.
8 posted on 09/26/2024 9:14:49 AM PDT by FlingWingFlyer (The Jamaican/Injun "immigration" plan. Dilute and pollute until America is a third world sewer..)
To: xoxox
Get rid of the illegals and the housing shortage is solved
9 posted on 09/26/2024 9:15:47 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
To: FlingWingFlyer
This housing boom is for the illegal aliens, NOT THE AMERICANS. This crap will be leased out for the illegals with government taxpayer dollars. It’s sick.
Yup. Just like all the jobs going to illegals.
10 posted on 09/26/2024 9:16:20 AM PDT by FreeReign
To: Tell It Right
So your thought (home builders plan) is government house is one form or another…
11 posted on 09/26/2024 9:21:07 AM PDT by Lockbox (politicians, they all seemed like game show host to me.... Sting)
To: Dartoid
Communists hate success. Ask how they are doing this year
12 posted on 09/26/2024 9:24:16 AM PDT by bray (It's not racist to be racist against races the DNC hates.)
To: xoxox
From the first turning of the dirt to the turning of the move in key, an industry of replacement foreigners and government and the rich.
13 posted on 09/26/2024 9:34:52 AM PDT by ansel12 ((NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.))
To: xoxox
14 posted on 09/26/2024 9:36:31 AM PDT by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TPetty)
To: FamiliarFace
15 posted on 09/26/2024 9:37:26 AM PDT by xoxox
To: FamiliarFace
I should also hat-tip Resi-Club, who's email featured the Forbes article, condenses it well and makes it more readable than Forbes.
16 posted on 09/26/2024 9:41:08 AM PDT by xoxox
To: Dartoid
“ and the problem with that is?”
Big companies are controlling it.
Much better to have smaller local builders
17 posted on 09/26/2024 9:43:29 AM PDT by HereInTheHeartland (Have you seen Joe Biden's picture on a milk carton?)
To: Lockbox
So your thought (home builders plan) is government house is one form or another…
(in reply to my prior statement: Rampant immigration is leading to more demand for housing.)
Not exactly, though government money for housing is part of it. My thought is that more people = more demand for housing = higher prices for housing even if there's an increase in supply of housing (builders). So in a nation that's supposedly experiencing a birth rate below replacement levels, without rampant immigration we wouldn't have higher demand for housing. So when I see that people are making billion$ as home builders my first thought is that I wish there wasn't so much demand for homes (because I wish there weren't as many illegal immigrants).
18 posted on 09/26/2024 9:44:42 AM PDT by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: xoxox
Thank you!
Somehow I just knew DR Horton would show up on that list. After ruining the towns next to me, they got approval (during CoVid lockdowns) to build 2500 new homes here in my little town of 10,000. They wanted to build apartments, but we already have our share of those.
Every single person that voted for the “planned development” was voted off of town council in subsequent elections.
I expect I will see my little town disappear in 5 years. We will have an influx of “migrants” that won’t want to assimilate.
19 posted on 09/26/2024 9:58:18 AM PDT by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TPetty)
To: FamiliarFace
A common theme and I feel your pain. Godspeed.
20 posted on 09/26/2024 10:00:49 AM PDT by xoxox
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