patrick.net

Other example: take European countries like France. This is a country where Reagan's philosophy is universally scorned.
Everything the democrats ever wished to do is there on display. The rich are taxed like 70% of their earnings. Single payer healthcare. High minimum wage. Generous pensions. Minimum revenue for the poor. etc,etc,...
Yet there too, standards of living for the middle class sank, or stagnated at best, for the past 35 yrs.
What happened?

"Buzzfeed was the one that started it. More than enough people tried to push it that it was all over everyone's facebook, twitter, and god knows what else by early morning."

Exactly. People posting jokes on facebook or twitter does not equal "media"

TGIF starting early for you?

Tim Aurora says

This one is not fake. It is a unsubstantiated dossier presented to him by American intelligence

Attention Seeking Beginner Troll Thread!

if only the death penalty was as swift as it was during medieval times!

APOCALYPSEFUCK_is_ADORABLE says

Can we do this kind of thing over the internet?

Be great to have Cefer or Boomchakalaka or any of the guys here beaming out at the ISIS fucks and making them nuts.

I would love it.
Lets draw naked pictures of Mohammad getting fucked in the ass on their website.

T L Lipsovich says

"We don't need white people running the Democratic Party"

The entire DNC leadership starting with Brazile, every Clinton people, and everyone pushing discriminatory identity politics should be immediately fired if the Democratic party is to regain a bit of credibility.
Writing off white people is stupid.

"their inability to discuss their historic loss of epic proportions is a sign of this."

Huh? You mean the one where they got 3MM more votes? That's an historic loss of epic proportions?

Dems ran a crappy candidate. Let's not try to put too much meaning behind this one.

I was wondering why Obama admin was willing to "Act" outraged so much so to the point that Obama would be actively provoking Putin for his final days in office.
Then Yesterday it dawned on me. Why would Obama end the Wet Foot Dry Foot policy after his Cuban lovefest? Then it dawned on me, Obama is genuinely outraged at Russia. Russia did best Obama, and right smack dab in the middle of the Party Conventions. While Obama was parading around Cuba with is new found Comrades, and being crooned by Jay Z and Beyonce, and the Stones. Russia had them under Digital Surveillance their every move, communication, and meetings were being intercepted and recorded.
To rub salt in the wound, Obama boy comes back and pledges billions of dollars to Cuba's internet infrastructure. Poor poor Cuba they are so far behind, Obama fell right into their low tech high tech honey Trap.

Lawdy! Obama was hoo dood by the Who Do Man in Havana!

FortWayne says

So basically don't buy anything again till it blows over?

that's my plan!

joeyjojojunior says

Huh? You mean the one where they got 3MM more votes? That's an historic loss of epic proportions?

Hopeless. Really hopeless. The democrtats will just blame Putin, the electoral college and will continue to do what they've been doing. People don't learn.

joeyjojojunior says

Huh? You mean the one where they got 3MM more votes? That's an historic loss of epic proportions?

Considering it was against Trump: YES.

Heraclitusstudent says

joeyjojojunior says

Huh? You mean the one where they got 3MM more votes? That's an historic loss of epic proportions?

Considering it was against Trump: YES.

Exactly!!!

This is even worse than W. W was at least supported by his own party, some of the MSM and had, arguably, some charisma.

"Hopeless. Really hopeless. The democrtats will just blame Putin, the electoral college and will continue to do what they've been doing. People don't learn"

Don't be an idiot. I wasn't blaming the electoral college. My very next sentence put the blame where it belonged--on the candidate.

The point was that calling it an historic loss of epic proportions is ridiculous. And trying to pretend it's some monumental shift in US politics is similarly hyperbolic

"that's my plan!"

Good luck. I'm afraid your plan may, in reality, be to rent forever. And there's nothing wrong with that.

If you couldn't muster up the courage to buy in 2011-2013, I'm not really sure what you are waiting for?

The blame goes to the whole party and its followers who still don't recognize that the the party's polices are wrong. Clinton was just a symptom, not the desease.

It is an epic loss because it is a loss to Trump.

Logan Mohtashami says

Plenty to inventory to buy homes, but inventory needed for a mega crash... those are 2 different things

Why is inventory measured in months of supply and not in # of available units relative to # of people reaching 30 for example?

Low sales caused by high prices, + high rent prices relative to incomes, all mean there is largely a large deficit of units on the market, relative to the population. There is only 1 way to solve it: build more until the extra supply push the ridiculously high prices down.

joeyjojojunior says

The point was that calling it an historic loss of epic proportions is ridiculous.

The upset democrats sure are acting as if it was an epic loss.

Heraclitusstudent says

Why is inventory measured in months of supply and not in # of available units relative to # of people reaching 30 for example?

Post 1996 ( The U.S.) is no longer a natural 6 month inventory country. However, the thesis that there isn't enough homes to buy, that inventory is keeping sales back... was always a terrible one... because housing people are predictable, then the great flaw in logic with sales and mortgage demand numbers.

Plus tons of inventory isn't even accounted for as the home sells with in 1-3 weeks of being in the market place

Home sales are at cycle highs, inventory is at cycle lows.. I can't even make this up anymore, the housing people have lied to every for years on this

I am just begging more and more for their hole to be dug deeper :-)

His theory is that lack of inventory is driving prices up. Because that's what people care about--price. Nobody cares about sales volume except you.

I was hoping 2014 was a good data example for them to lose this thesis as inventory rose, rates fell and demand went no where.. this is a demand story not a supply story.

So, 2016 data just slammed this thesis to the grave as inventory fell to cycle lows but home sales hit cycle highs.

"I was hoping 2014 was a good data example for them to lose this thesis as inventory rose, rates fell and demand went no where.. this is a demand story not a supply story. So, 2016 data just slammed this thesis to the grave as inventory fell to cycle lows but home sales hit cycle highs."

So, lack of demand is causing prices to rise? Please tell me more. That's Nobel prize worthy economic analysis.

joeyjojojunior says

His theory is that lack of inventory is driving prices up. Because that's what people care about--price. Nobody cares about sales volume except you.

No, all you people care about is price..

Because you're investors, you don't care about economics, this is why this site is terrible in reading economic data

"No, all you people care about is price.. Because you're investors, you don't care about economics, this is why this site is terrible in reading economic data"

No, because we're consumers interested in buying a house.

joeyjojojunior says

So, lack of demand is causing prices to rise?

Inventory channels are pricing power points not demand

"Inventory channels are pricing power points not demand"

So, you agree with Herc than. Lack of inventory is causing prices to rise.

joeyjojojunior says

No, because we're consumers interested in buying a house.

Housing is the cost of shelter .. for those who have the capacity to own the debt, this has been the single worst demand curve for mortgage buyers ever for both new and existing homes but the best from cash buyers

#Demographics

Hence the 2020-2024 thesis

"Housing is the cost of shelter .. for those who have the capacity to own the debt, this has been the single worst demand curve for mortgage buyers ever for both new and existing homes but the best from cash buyers"

So, let me try to help you. You're saying we have the worst demand but yet prices are rising. Even you can't argue that that means we don't have enough inventory.

joeyjojojunior says

So, you agree with Herc than. Lack of inventory is causing prices to rise.

There is no natural 6 month inventory channel anymore post 1996 because home prices took off, much harder to move up post 1996

In fact the first time we saw 6 month inventory was Feb of 2006, the game has changed post 1996, all the data is there to read, the problem is I don't believe you can read it properly

joeyjojojunior says

You're saying we have the worst demand but yet prices are rising.

First

New home sales is still at a recession levels even after one of the longest expansions on record with the lowest interest rate on record

"There is no natural 6 month inventory channel anymore post 1996 because home prices took off, much harder to move up post 1996. In fact the first time we saw 6 month inventory was Feb of 2006, the game has changed post 1996, all the data is there to read, the problem is I don't believe you can read it properly"

Who cares about 6 months? I'm trying to show you that we don't have enough inventory-otherwise prices wouldn't be rising like this. Are you purposely being obtuse?

2nd

If it wasn't for the extra % cash buyer in this cycle existing home sales wouldn't have many prints above 4.5 million even with the longest expansion at the lowest rate curve

"First. New home sales is still at a recession levels even after one of the longest expansions on record with the lowest interest rate on record"

Who cares? I'm not arguing that demand is low. I don't care. I'm simply telling you that simple supply and demand analysis shows that if prices are rising, then we need more supply. Period.

"2nd If it wasn't for the extra % cash buyer in this cycle existing home sales wouldn't have many prints above 4.5 million even with the longest expansion at the lowest rate curve"

WHO CARES?

joeyjojojunior says

Are you purposely being obtuse?

It's not my fault you guys can't read this stuff properly, the reason I get national credit is because my sales numbers are better than anyone and I give a thesis

You're all trolls hiding behind fake names, I don't have that luxury I have to speak with actually economist and people about this stuff, they had much bigger sales numbers

"It's not my fault you guys can't read this stuff properly, the reason I get national credit is because my sales numbers are better than anyone and I give a thesis. You're all trolls hiding behind fake names, I don't have that luxury I have to speak with actually economist and people about this stuff, they had much bigger sales numbers"

No, it's your fault that you can't comprehend a simple concept like supply and demand. I find it hard to believe you've even had a Econ 101 course.

For the 50th time--we're not talking about sales volumes.

joeyjojojunior says

No, it's your fault that you can't comprehend a simple concept like supply and demand. I find it hard to believe you've even had a Econ 101 course

You're troll who hides behind a fake name and I speaking at the CAR conference because the head economist of the CAR and the NAR wanted me there

You guys can't read data properly here, I even use this site as a example for my followers on why not to listen to trolls on the internet