Edward Riehle’s Post

27 September 2023: Very good and very reassuring to see. This means that support for Ukraine is solid on Capitol Hill -- as it should be, given that it is very much in our national interest and that of our NATO and western allies -- in addition, obviously, to that of Ukraine, which is fighting its war of independence in the face of a brutal, unprovoked invasion by Russia. #ukrainewar

For those of you in the Sacramento Area, on October 14, Trey Taylor is putting on a concert for me at the Sunrise Mall. He is a very interesting guy and in the early stages of a very promising career. Events - Riehle for Congress 2024 (rayriehle.com)

The U.S. Housing Shortage The US has significantly underinvested in single family housing since 2008. This has created a dramatic shortage of supply. Estimates between 3-7 million home deficit. Virtually no argument about this, nearly every economist from every reputable institution agrees Demand for homes is significant and growing. Millennials represent the largest generation since the baby boomers. They have begun to form families and to seek homes instead of apartments. Relief on the Horizon? Not likely. New construction takes time Building 3-7 million homes will take a decade New construction isn’t cheap Higher interest rates won’t cause significant forced selling 85+% of mortgages fixed rate under 4% Older generation is staying in their homes longer