patrick.net

Logan Mohtashami says

Low Housing Inventory Lie Still Lives On

Oh God. What are we gonna do with you Logan?
The pre recession was low too.

they say a balanced market has 6 months, so in some areas that are running 2-3 months inventory there is some validity to that... but i agree that the main culprit is weaker buyer right now coupled with price of homes that are in good supply i.e. luxury units.

DieBankOfAmericaPhukkingDie says

You forgot to mention the control of the US government by jihadi maoists.

you went with a classic election year avatar. nice.

No matter how times I repeat this very fact, it simply doesn't matter

We have never, ever been a 6 month natural housing inventory country since prices have taken off in 1996, not one time outside a recession a housing bust

For 8 years we have heard that home sales are held back due to low inventory

Well this chart puts that thesis to rest

This is works if you believe in math, facts and data...

If you don't, then continue with the spin that inventory is too low....

Smoke on it !

Logan Mohtashami says

This is works if you believe in math, facts and data...

If you don't, then continue with the spin that inventory is too low....

Smoke on it !

Ironman says

I get so tired of listening to that low inventory chant if there's not 6 months available... It's such crap...

The bottom line, if you and your neighbor want to each buy a house, and there's 3 houses on the market, there's enough inventory.

How many people go to the store to buy a gallon of milk, and there's 3 gallons on the shelf and say there's low milk inventory because there's not 6 gallons on the shelf?

What a load of crap. That is a ridiculous analogy. Every gallon of milk is the same. Every house on the market is different.

If I'm looking for a 4BD 2 BA ranch in Manalapan-does a 2BD 1BA house for sale in Plainfield really help me?

Ironman says

I get so tired of listening to that low inventory chant if there's not 6 months available... It's such crap

This is true and what I am talking about is national.

I am serious, I have no idea how people have gotten away with this lie on inventory for years. I can't even make up a fake data to support, this is how bad the thesis is

All I want is a Miami Condo crash so I can swoop in. It's about that time, it happens like clockwork.

Ironman says

That's YOUR problem... YOU have selectivity issues, but it doesn't change the FACT that a house is available to buy.. Now, if you want purple countertops and polka dot toilets, 2 YEARS of inventory won't be enough to find that.

It's a good thing this country has clueless "sheep" still willing to go along with the narratives!!

Countertops and toilets can be changed relatively easily. Changing the location of a house or adding 2 bedrooms is much more difficult.

I'm not even sure what story Logan is trying to spin here, but it is a fact that there is not enough supply in the US. By definition, if house prices and rents are increasing faster than inflation, then there isn't enough supply. Period.

Ironman says

You might get your wish:

http://www.wsj.com/articles/another-condo-bust-looms-in-miami-1459266180

The point here is very simple

For many years everyone on T.V. and on conferences I have attended has had this core thesis

1. The U.S. housing market is held back on sales due to a lack on inventory

2. That doesn't make sense when we had lower inventory during the housing bubble years and a lot more demand

Just keep it that simple, the rest of the article are the reasons why. However, for 20 years we have never had annual amounts of inventory for 6 months outside a recession.

It's not a natural state of economics for us here in America ... the game changed when prices deviate in 1996 and for new homes at the start of the century

Logan, I listened to you when you said housing wouldn't recover, over and over, in 2011.

I didn't buy a home.

Since then, what has happened? housing prices have gone up by 50%... rents have gone up by 25%.

I lost my ass for listening to you, you stupid POS. thanks.

https://loganmohtashami.com/2011/12/

youareworthless says

n't buy a home.

First, Hello Doom Bubble

Was wondering when you step in.... Doom Bubble or what ever name you hide behind now. It's been 5 years, don't you think you could use your real name now

In any case hope all is well, it's been a while since we last chat.

youareworthless says

gone up by 50%... rents have gone up by 25%.

On another note, since inventory fell below 6 months which happened in mid 2012 ... every single housing prediction article had price gains, every single housing prediction article

2013, 2014, 2015, 2016 :-)

By all means copy and paste all the prediction articles

Math, Facts and Data matter, even my hardest troll followers know this ;-)

you say that we have an affordability problem, yet deny that low inventory levels in the hot markets are contributing to price gains (which affect affordability)?

outstandingly stupid.

landtof says

you say that we have an affordability problem

The ability to move up ( first time home owners) to 2nd home has prevented lower price inventory for a long time

landtof says

(which affect affordability)?

outstandingly stupid.

and on that point you made my point twice, :-)

Since 2000, the builders aren't building first time home buyer crop, they'e building bigger and bigger homes