reuters.com— Construction of new homes in the United States fell sharply last month, showing potential weakness in the economy's recovery, while consumer prices rose slightly more than expected.
Nov 18, 2009View in Crawl 4
Economic ramifications of the decline of new builds aside... the LAST thing we need in this country are more new homes. Houses are such a waste of space and in general encourage sprawl. Id like to see a tax penalty for house buers and a credit for condo/townhouse/apartment *buyers*.Less sprawl, more urban development and revitalization.Ok you can dig me down now.
FNMA/Freddie Mac have half of the US mortgages now. They are the US housing market. I'd say housing is Bush's, Clinton's, Dodd's, Barney Frank's faults. Inflation is all Obama's for his printing presses. He loves talking about what he inherited, which is fine, he inherited a 450billion yearly deficit and has turned it into a 1.8 trillion. So Bush is bad but Obama is 4x worse. Or we could just call each other stupid names along our partisan biases, whatever works for you guys.
Completely agree. But you missed the point. The average cost of homes is more than any normal person could pay off in 15 years. Around where I live the houses start in the $250,000. There isn't a need for this. You don't have to give home buyers insane tax breaks (though they are nice) the price of housing needs to be in direct proportion to the standard of living in the area. Hell its basic economics of supply and demand. Lets be honest the supply is indeed way higher than the demand yet they still assume the pricing is fair for duplex on a sliver of land. They spent the last five years boasting the value of homes because they wanted to line their pockets. If these homes were really worth their stated value then they would sell. But to be honest if the choice is between a 30 year mortgage on the bad side of town for a piece of crap home versus a really nice apt/condo then I'd rather go that route.
oil prices go up, the price for a bowl of cereal goes up including everything else you can think of, except our wages. The truckers need to pay more to deliver goods, so does everybody else. Which leads to everyone not having money. It doesn't take rocket science to figure out that a tiny spike in prices everywhere, and I mean EVERYWHERE will amount to a mountainous problem when aggregated.I don't blame noone else, and don't let other idiots convince you otherwise adding to confusion. The reasons are simple. If you recall oil prices went sharply down after the shock, and are creeping back now, meaning it can be controlled, the pricing is not natural. I'd double or triple or quadruple tax on revenues on necessities (energy, water, oil, medical, etc..).
enantiodromiaNov 19, 2009
building less new homes when we already have years worth of empty homes already available for purchase, yeah, that's actually a good idea.
prodigitalsonNov 19, 2009
Economic ramifications of the decline of new builds aside... the LAST thing we need in this country are more new homes. Houses are such a waste of space and in general encourage sprawl. Id like to see a tax penalty for house buers and a credit for condo/townhouse/apartment *buyers*.Less sprawl, more urban development and revitalization.Ok you can dig me down now.
Closed AccountNov 19, 2009
FNMA/Freddie Mac have half of the US mortgages now. They are the US housing market. I'd say housing is Bush's, Clinton's, Dodd's, Barney Frank's faults. Inflation is all Obama's for his printing presses. He loves talking about what he inherited, which is fine, he inherited a 450billion yearly deficit and has turned it into a 1.8 trillion. So Bush is bad but Obama is 4x worse. Or we could just call each other stupid names along our partisan biases, whatever works for you guys.
theshad0wNov 19, 2009
Completely agree. But you missed the point. The average cost of homes is more than any normal person could pay off in 15 years. Around where I live the houses start in the $250,000. There isn't a need for this. You don't have to give home buyers insane tax breaks (though they are nice) the price of housing needs to be in direct proportion to the standard of living in the area. Hell its basic economics of supply and demand. Lets be honest the supply is indeed way higher than the demand yet they still assume the pricing is fair for duplex on a sliver of land. They spent the last five years boasting the value of homes because they wanted to line their pockets. If these homes were really worth their stated value then they would sell. But to be honest if the choice is between a 30 year mortgage on the bad side of town for a piece of crap home versus a really nice apt/condo then I'd rather go that route.
xbroNov 19, 2009
oil prices go up, the price for a bowl of cereal goes up including everything else you can think of, except our wages. The truckers need to pay more to deliver goods, so does everybody else. Which leads to everyone not having money. It doesn't take rocket science to figure out that a tiny spike in prices everywhere, and I mean EVERYWHERE will amount to a mountainous problem when aggregated.I don't blame noone else, and don't let other idiots convince you otherwise adding to confusion. The reasons are simple. If you recall oil prices went sharply down after the shock, and are creeping back now, meaning it can be controlled, the pricing is not natural. I'd double or triple or quadruple tax on revenues on necessities (energy, water, oil, medical, etc..).
aceone29Nov 19, 2009
The problem with borrowing too much is that people will spend more and eventually inflation will increase and the result will be a decline in housing prices that if not stopped will lead to an avalanche and bury us all beneath the mountain of debt. Ian- <a class="user" href="http://www.google.com/profiles/idadamchristian96" rel="nofollow">http://www.google.com/profiles/idadamchristian96</a> or <a class="user" href="http://aceworldwideservices.blogspot.com/" rel="nofollow">http://aceworldwideservices.blogspot.com/</a>