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tatupu70

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Registered Sep 22, 2009

tatupu70's most recent comments:

  • On Fri, 29 May 2015, 4:09pm PDT in Give homeless homes - it's cheaper that what we do now, tatupu70 said:

    curious2 says

    I agree with that, but contrary to the rest of your comment the unprecedented federal intervention in 2010 had the express purpose and direct effect of causing housing prices to rebound. Read PatNet from that era, I'm not going to link everything again and play trolling games, but it's obvious that government at every level intervened to prop up house prices.

    The intervention definitely had stabilizing housing prices as one of its goals, but I am of the (granted, minority) opinion that it had very little effect. I've been on pat.net since before that era so I'm well aware of what was being written at that time. Most are convinced that low rates cause housing prices to rise or that the Fed sets mortgage rates--I think both of those "accepted truths" are patently and provably false. Additionally, most believe that housing prices would have continued falling dramatically had their been no intervention in the housing market despite the huge numbers of investors buying large numbers of houses to rent. Those same investors stated publicly that their biggest obstacle was finding more houses to buy--clearly those investors set a floor on housing prices with or without any intervention. When the ROI on housing got high enough--there was more enough demand to stop it from falling any further.

    The comment I answered was w.r.t. both housing prices and rents. While prices may rise faster than rents or vice versa over the short term, they will eventually even out.

    And enough with your trolling nonsense. Just because you disagree with someone doesn't make them a troll. Even if they ask a rhetorical question.

  • On Fri, 29 May 2015, 2:01pm PDT in Give homeless homes - it's cheaper that what we do now, tatupu70 said:

    Dan8267 says

    Stop propping up housing prices and rents and there will be fewer homeless.

    I see this a lot, but I see no evidence that any entity is propping up housing prices. Or could prop up housing prices.

    Low interest rates do not correlate with higher prices. Bailing out banks and modifying mortgages didn't prop up prices or rents. They kept the home owner occupied rather than a rental, but both home and rental prices are determined by supply and demand. The best (only?) way to reduce housing prices is build more.

  • On Thu, 28 May 2015, 3:56pm PDT in Egyptian Press Identifies Barack Obama As A Complete Moron, tatupu70 said:

    socal2 says

    It's not an either/or.

    Without NATO bombing Libya, Gadaffi most likely would have held onto power. Gadaffi was already playing ball after the Iraq war by giving up his WMD's and exposing the AQ Khan Pakistani nuke proliferation ring.

    Obama and Hillary promised "Smart Power" with their foreign policy and could have used the Arab Spring to influence the Mubaraks, Gadaffis, Assads, and Mullahs to open up and implement some reform and prevent the entire Region burning to the ground like we are seeing now.

    So, Arab Spring was good as long as it accomplishes nothing and the dictators stay in power? OK then.

    You're in a dream world if you think any of those dictators was going to really implement reforms.

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