What's funny to the rest of us is that you depend on your wife for a paycheck.
will housing bring down trump?
- Thread starter baltimorened
- Start date
I’m concerned the Trump administration will announce a partnership will large scale homebuilders (eg, Pulte) that will not address the affordability issue (which is largely driven by supple-side dynamics such as high land prices / unwilling sellers, local zoning and other restrictions that protect existing homeowners’ home values at the expense of new affordable homes, etc) and instead be a taxpayer-funded subsidy for financing costs (for the builder and/or consumer)…
Builders are struggling to move new product and are having to offer discounted mortgages so new homebuyers can afford the monthly payments - it will be a travesty to the American taxpayer if we ultimately just subsidize builder profits (both by unit count and margin).
Builders are struggling to move new product and are having to offer discounted mortgages so new homebuyers can afford the monthly payments - it will be a travesty to the American taxpayer if we ultimately just subsidize builder profits (both by unit count and margin).
Uusually a housing crash proceeds a political woodshed event. But, go on...?
just watched 15 minutes of meeting on YouTube,,skipped through it..only thing I picked up was about Palisades rebuilding and "no low income housing in the middle of Palisades". There may have been more, but, I'd fall asleep sitting through one of those.
thanks, since I own couple of houses like the idea. Not sure how you do that and still get young people just starting out with little money, to but a home. Hope he's got a plan that works. I have couple of grandchildren that are rapidly approaching home buying age.
Thought of this thread, because when people talk about the housing crisis, I don’t think they are talking about people that own homes.
The cheapest you can deliver a new home in the upstate is about $180k. Unless you can get construction prices down. Mortgage rates don’t swing much on that amount.
Illegal immigration drives up the prices because less housing is available to citizens. Whenever Gov subsidizes things like housing,food, and medical care it drives cost way up. It also drives wages down due to a flooded worker pool. Get the illegals out and the market will correct...
me neither. That"s why I wondered how increasing home values solves the housing crisis.
Housing is a very local issue. Upstate SC prices are still rising. Rent is flat though. But in NYC rent is rising again. Some other south east markets are struggling.
This is basic economics. And the fact that people can’t understand it is unbelievable. It’s such a basic, simple, fundamental concept yet it’s so incredibly difficult for many on the left to grasp. I use the old $100 example. If I give you a $100 for nothing, you’ll spend it pretty liberally - but if you go out and have to work 10 hours for that $100, you’re much more likely to not spend it on nonsense and you’ll search for the best prices. It’s really that simple. Not sure why that’s so hard to grasp. In these markets where individuals are getting housing and healthcare and food for free, they do not care about the price specifically bc they’re not paying, therefore the price will go up because the individual isn’t paying it, it’s being paid collectively and not at all by the individual using it. Companies see this as profitable (they can charge more bc the consumer isn’t price sensitive as they don’t pay), swoop in and take a share of the market. This is what Blackrock is doing in the housing market. So when you import people where 60% of them will end up on subsidies it will ultimately drive the price of goods up. This is basic stuff.
well, I've had to reduce price on the condo I'm selling. Other side is that means less capital gains tax for fed/state
is it the north korean-style fellating his cabinet does that turns you off?
yea, the constant "due to your strong leadership" is waaaay over the top. Makes me wonder what the cabinet secretaries are doing if all the credit goes to Trump....I'm used to staff meetings, but mine were structured and we concentrated on metrics - where we were in achieving and what steps we need to do to get back on target. Maybe it was my leadership, but in all my years of management, I never had any of my subordinate leaders say "because of your great leadership"
(Unfortunately for me, some of the folks on here would agree/understand why no one of my subordinates ever said that)
Same as far as meetings. But then my staff meetings were actually about business and weren't a bunch of ***-kissers performing for their demi-God. It's frankly disturbing.
I misstated - CPI report shows housing rising, but at a slower rate. Striving for accuracy!
