The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Mullen: Institutional rentals invest billions annually in new home construction
“We're putting billions every year into building new houses that during a cycle like this wouldn't take place.”
Mullen: US housing shortage is between 3 and 7 million homes
“And whether you look at Stanford, Harvard, Fannie Mae, almost any economic analyst will tell you we're short somewhere between three and seven million houses.”
Mullen: Pretium will likely acquire 15,000 to 20,000 houses in 2023
“And now in portfolios, as an example, we'll probably buy 15 to 20,000 houses this year. But almost entirely in portfolio form.”
Mullen: Pre-COVID data shows Americans stay in single-family homes until age 74
“If you went back to the data, you turned 60 years old, and you moved out of a single-family home, and it was like a rock dropping out of the sky how fast the curve goes down. And you looked at that same curve in 2019 pre-COVID, which is gonna make this even mo…”
Mullen: Pretium bought its first 59,000 homes individually
“Our first 59,000 houses, we bought one at a time.”
Mullen: Office real estate has the greatest dispersion in its history
“I mean, office has the greatest dispersion today ever in office history.”