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Reposted by Kevin Erdmann

🏢 David L 🚎 @davidl206.city · 1h

We knew they would be cruel, and we knew they’d be bigoted, and we knew they’d be destructive. But I’ll confess I wasn’t prepared, even after the first time, for how staggeringly *stupid* they are. We are in a period defined by no brainpower in power: rule of the dimmest.

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Kevin Erdmann @kevinerdmann.bsky.social · 15h

This is mostly behind the paywall, but here I explain how we would be in the recovery phase of a recession that started 2 years ago, but the housing shortage tames the business cycle.

The New Business Cycle: The 2024 Recession
open.substack.com/pub/kevinerd...

The New Business Cycle: Just-So Stories

Recently, I wrote a series of posts about how a housing shortage changes the business cycle.

open.substack.com

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Reposted by Kevin Erdmann

Consumer Federation of America @consumerfed.bsky.social · 19h

NEW REPORT: “Mortgages remain scarce in too many places," said @sjccorn.bsky.social “From rural #Georgia to rural #Texas and from #Baltimore to #Detroit, without #mortgages, families cannot become #homeowners
#MortgageDeserts

New Report Discovers Mortgage Deserts Exist Nationwide, Most Often in Communities with a Higher-Than-Average Share of Black Residents · Consumer Federation of America

A new report from the Consumer Federation of America, Mortgage Deserts: Mapping Which Rural and Urban Communities Remain Left Behind by Mortgage Finance, shows that despite decades of federal policy e...

consumerfed.org

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Kevin Erdmann @kevinerdmann.bsky.social · 1d

I think this is the case. The process itself has turned the public against housing. The only way to express power is to imagine objections. We’ve been nudging the public to object. When the process is removed, they will actually feel less objectionable.

East Bay for Everyone @eastbayforeveryone.bsky.social · 1d

Ultimately the crowd was a lot less hostile than they would have been in previous years because there's nothing they can do to stop the proposal

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Kevin Erdmann @kevinerdmann.bsky.social · 1d

The best way to help home buyers is to help renters. And, the best way to help renters is to let a lot more families get mortgages!

Follow Up to "With prawns like these..."
open.substack.com/pub/kevinerd...

Follow Up to "With prawns like these..."

Two more charts that might be enlightening.

open.substack.com

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Kevin Erdmann @kevinerdmann.bsky.social · 1d

You can guarantee that when The Supreme Court is ruling on whether the tariffs were legal, Trumps lawyers will argue that the tariffs have to be legal because they’ve already spent the revenues.

Carl Quintanilla @carlquintanilla.bsky.social · 1d

“.. there is the question of how the bond market will react to tariff revenue being redirected away from lowering the deficit.”

@barrons.com
www.barrons.com/articles/tru...

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Kevin Erdmann @kevinerdmann.bsky.social · 1d

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Kevin Erdmann @kevinerdmann.bsky.social · 1d

For the foreseeable future, housing affordability and homeownership rates will be negatively correlated. Higher prices will be associated with fewer renting households and vice versa. If the model you use for the housing market can't foresee this, then your model is not useful.

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Reposted by Kevin Erdmann

Aaron Rupar @atrupar.com · 1d

Schiff gets Bondi so flustered that she starts blurting things out while he details what a farce this "oversight" hearing has been and the Republican members' lack of interest in doing their jobs

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Kevin Erdmann @kevinerdmann.bsky.social · 1d

Since conservatives are predisposed to favor overbearing mortgage regulations, they are not the allies for housing affordability and housing access that they should and could be.

kevinerdmann.substack.com/p/with-prawn...

With prawns like these, who needs anemones?

Carol Roth, the author of “You Will Own Nothing: Your War with a New Financial World Order and How to Fight Back” has an op-ed at Fox News titled, “Five ways the Trump administration can save the Amer...

kevinerdmann.substack.com

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Kevin Erdmann @kevinerdmann.bsky.social · 2d

Everyone needs to read this.

www.nytimes.com/2025/10/06/m...

‘Bow to the Emperor’: We Asked 50 Legal Experts About the Trump Presidency

www.nytimes.com

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Kevin Erdmann @kevinerdmann.bsky.social · 2d

"There is a great deal of ruin in a nation." has never been more amply demonstrated in my lifetime.

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Reposted by Kevin Erdmann

Chris Murphy @chrismurphyct.bsky.social · 2d

Understand what they are doing: using the massive power of the state - including military power and the power to imprison - to carry out a campaign to eliminate their political opposition.

It's growing in seriousness by the hour.

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Kevin Erdmann @kevinerdmann.bsky.social · 2d

We are going to see rising construction and purchase activity that will lead to more inventory and moderating prices, but if you have the causation wrong, it will look like more inventory caused prices to moderate.
And that will cause you to miss out on the building boom.

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Kevin Erdmann @kevinerdmann.bsky.social · 2d

Having causation backwards is a really tricky way to get off course.
For instance, both rising construction and purchase activity and moderating prices can cause inventory of homes for sale to rise. But, many people seem to think inventory causes price moderation.

1/

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Kevin Erdmann @kevinerdmann.bsky.social · 2d

An update on a neighborhood and comments on rental investors
open.substack.com/pub/kevinerd...

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Kevin Erdmann @kevinerdmann.bsky.social · 3d

Imagine the world we live in. The investments that brought us here. The innovations that have been and will be in the works for years, if not decades, and you can still get a room full of heads nodding by complaining about quarter-to-quarter short-termism of corporations.

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Reposted by Kevin Erdmann

Olúfẹ́mi O. Táíwò @olufemiotaiwo.bsky.social · 3d

I do not regret to inform you that we are going to win

Cristian Farias @cristianfarias.com · 3d

This video of Chicagoans intervening to save a man from being abducted off the streets by ICE is making the rounds on Instagram.

Community action works.

Source: www.instagram.com/reel/DPZL2AL...

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Reposted by Kevin Erdmann

Jonathan W. Gray @elmcitytree.blacksky.app · 3d

James Baldwin to Angela Davis in 1970, discussing white Americans:

Or, to put it another way, as long as white Americans take refuge in their whiteness— for so long as they are unable to walk out of this most monstrous of traps-they will allow millions of people to be slaughtered in their name, and will be manipulated into and surrender themselves to what they will think of-and justify—as a racial war. They will never, so long as their whiteness puts so sinister a distance between themselves and their own experience and the experience of others, feel themselves sufficiently human, sufficiently worthwhile, to become responsible for themselves, their leaders, their country, their children, or their fate. They will perish (as we once put it in our black church) in their sins—that is, in their delusions. And this is happening, needless to say, already, all around us.

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Kevin Erdmann @kevinerdmann.bsky.social · 3d

Could this be real?!

Dan of the Year @downwithdan.bsky.social · 3d

THE RADICAL LEFTISTS HAVE KILLED OUR BUSINESS
[also we got bought out by private equity who shuttered the store and fired everyone]
BUT IT WAS MOSTLY THE RADICAL LEFTISTS
also can we have a federal bailout 🥹

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Reposted by Kevin Erdmann

Stan Oklobdzija @stano.bsky.social · 3d

Our republic is teetering because elites didn't do their job. Republicans didn't expel Trump from the party in 2015, electors didn't unseat him when he won and he didn't get sedition charges after Jan. 6. Now, Trumpism has metastasized and it's on us to defeat a much stronger and entrenched threat.

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Kevin Erdmann @kevinerdmann.bsky.social · 3d

www.sciencedirect.com/science/arti...

The Value of Historic District Status

Comparing properties in districts listed on the National Register of Historic Places and in locally designated historic districts with those in proper…

www.sciencedirect.com

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Kevin Erdmann @kevinerdmann.bsky.social · 3d

Incredible.

Cristian Farias @cristianfarias.com · 3d

This video of Chicagoans intervening to save a man from being abducted off the streets by ICE is making the rounds on Instagram.

Community action works.

Source: www.instagram.com/reel/DPZL2AL...

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Reposted by Kevin Erdmann

Tom Joscelyn @tomjoscelyn.bsky.social · 4d

The regime’s playbook:

Launch militarized raids in America’s cities to provoke a reaction.

Then claim the reaction is insurrection to justify even more authoritarian action.

The regime is using state-sanctioned violence to create a crisis.

There is no justification for violence by anyone.

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Reposted by Kevin Erdmann

Ian Bassin @ianbassin.bsky.social · 4d

Breaking: Trump-appointed federal judge issues temporary restraining order against Federalized deployment of National Guard in Oregon.

Judge: “this is a nation of Constitutional law, not martial law.”

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