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Mortgage Rates Going Parabolic | Robotics Home Builder Movement Could RenterNation
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In history, homebuilders, real estate investor and developers would make their money by speculating on what could be built or created on a plot of land or inside of a single family, multi family, retail or office building. This speculation only grew in a very low interest rate environment such as the one we have been in for the last decade.
However now we are seeing interest rates going parabolic and we are seeing a home affordability crisis in this country, so much so that both landlords are worried if this is sustainable, investors are worried that this could come crashing down and home buyers and renters worry that they may miss their chance of buying their dream home or finding their dream apartment for a monthly payment that they can afford.
However now we are seeing rates continue to move north and now new technology is being created called 3D Printing that will enable robotics to build properties for, in some cases, one or two months rent. They can build a one bedroom house in less than two days for roughly ten thousand however their target goal is $4,000 and to finish the entire construction process in two hours.
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