patrick.net

joeyjojojunior says

Builders want rising prices. Of course they aren't going to overbuild

Since you can't read a data ... let me give you an article with words

Why Building More Homes Won’t Help Housing Affordability

https://loganmohtashami.com/2016/07/25/why-building-more-homes-wont-help-housing-affordability/

"Since you can't read a data ... let me give you an article with words Why Building More Homes Won’t Help Housing Affordability"

I'm laughing at your idiotic article. I certainly didn't say we had a shortage of mansions. Regardless, building more homes ABSOLUTELY will help housing affordability. Even if you only built new 3000 sq foot homes, the effect would trickle down to every segment, with lower prices everywhere. This should be easy to see.

PLEASE... keep this act up!!!

You're all making my points ... about the internet .. which is my 15 year project :-)

Typical Logan.

joeyjojojunior says

Typical Logan.

Just read it and you will know what I am talking about
https://loganmohtashami.com/2016/07/25/why-building-more-homes-wont-help-housing-affordability/

No Housing Bubble in America today because there is no speculation demand what so ever, most real demand curve ever and the safest buyers ever!

That is what the thread was is about..

"Just read it and you will know what I am talking about"

I read it and commented on why it is wrong in my last post.

joeyjojojunior says

Regardless, building more homes ABSOLUTELY will help housing affordability.

This is where I trap people in the debate... I will give you guys a course on how to do this

1 . Did the building from 1994-2007 create cheaper housing or was that the most expensive housing market ever

"This is where I trap people in the debate... I will give you guys a course on how to do this 1 . Did the building from 1994-2007 create cheaper housing or was that the most expensive housing market ever"

Logan--please don't continue this. I promise you are going to look like a fool.

http://www.env-econ.net/supply_demand.html

joeyjojojunior says

Logan--please don't continue this. I promise you are going to look like a fool.

Answer the question?

Logan Mohtashami says

So answer the question

If you don't want to answer the question that is fine, a lot people realize what they got them selves into once they take 2 minutes to think about it

;-)

This is why none of you own a home building company

I ask you honestly Logan--do you understand the theory of supply and demand and how it relates to prices?

joeyjojojunior says

I ask you honestly Logan--do you understand the theory of supply and demand and how it relates to prices?

Logan Mohtashami says

So answer the question, did all that building, one of the highest building rates in decades create cheaper housing

Logan Mohtashami says

So answer the question,

Again, if you feel trapped, don't feel bad... remember it's a trap question

"So answer the question, did all that building, one of the highest building rates in decades create cheaper housing"

Yes, it created cheaper housing than would have existed absent the building boom. The higher prices were driven by the excess demand caused by the underwriting standards being abandoned.

So now answer mine. Do you understand supply and demand?

joeyjojojunior says

Yes, it created cheaper housing

This is why none of you own a professional home building company

Wow--using CIC's trick of cutting off my answer? Well done.

Purposely disingenuous. Popular trolling trick.

joeyjojojunior says

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

you're right! i'm a nervous nelly! too much of a think!

Logan Mohtashami says

Yes, it created cheaper housing

Adjusting to inflation home prices where the highest ever in 2003-2006 right when the peak of construction boom happened

So did all that building create cheaper housing? or was that period the highest real home price inflation rates ever?

"So did all that building create cheaper housing? or was that period the highest real home price inflation rates ever?"

I already answered. The building mitigated the rise in prices caused by the abandonment of underwriting standards. Do you really that you "got" me?

And Trump's own SecState is for TPP, by the way. As are the vast majority of Republicans in the House and Senate.

In fact, I'd still give it 50/50 that Trump signs it.

joeyjojojunior says

Do you really that you "got" me?

Then what is the excuse of every major professional builder not building massive and massive homes today

Why are you smarter than all them..

Hint ( out of curiosity)

"Then what is the excuse of every major professional builder not building massive and massive homes today Why are you smarter than all them.. "

I already told you. Pay attention. They want higher prices. They are happy building slightly less than enough so that prices continue rising and their profit margin/house keeps going up.

joeyjojojunior says

They want higher prices.

If you read the article truly... then you would truly understand....

joeyjojojunior says

Because that's what people care about--price

Logan Mohtashami says

No Housing Bubble in America today because there is no speculation demand what so ever

Sir,

Is not the overzealous stimulus of the agressive lending of the CRA and Subprime, like the aggressive ZIRP?

I have been saying that the ZIRP is the substitute barrel for the CRA, as it created great artificial needs for lower rate loans, and made housing go up ponzarily due to the near -0-% rates.

A stereo turned up all the way clips and causes audio distortion. Interest rates, turned all the way down creates economic distortion- no?

"If you read the article truly... then you would truly understand...."

Believe me, I understand. If you would follow my link to the basics of supply and demand, I think you would understand. It's very simple.

Hence why the Builders stock index really hasn't done much...

Why Ivy Zelman's housing nirvana thesis never took off

Why new home sale are still at headline recessionary levels even with 165 Million working, even with low rates and even with a long economic expasion

Demographics... they know it, all the housing economist that I talk too know it

But Patrick.net all these men brave men who hide behind fake names smarter than professionals... You guys all know how it works and yet none of you open a home building company to build for millions and millions people

joeyjojojunior says

f you would follow my link to the basics of supply and demand,

Logan Mohtashami says

So did all that building create cheaper housing?

Supply AND demand.

You certainly agree that demand went through the roof during that time period, right? As underwriting standards went out the window?

It's hard to believe that you are arguing that the theory of supply and demand is wrong.

This is why your great deflationary collapse thesis ... that all your liberals push here will never happen ...

Your lack of demographic economics has trapped you all ....

and your ego's won't ever let it go

This is why Trolls fail....

America.. it's people are still better than your economic theories

joeyjojojunior says

As underwriting standards went out the window?

So you're pushing the CRA nonsense then

In short what you pat.net people are saying

is that builders are in essence leaving millions of sales off the books.. purposely so their stock performance is dull on purpose

"But Patrick.net all these men brave men who hide behind fake names smarter than professionals... You guys all know how it works and yet none of you open a home building company to build for millions and millions people"

Logan--nobody is saying it's the builders fault. The point is that the best interest of society and the best interest of the builders diverge.

joeyjojojunior says

The point is that the best interest of society and the best interest of the builders diverge.

Spoken like a true Liberal ....

Builders build to demand, the demand is the weakest ever on record...

They're doing their job to make $$$