patrick.net

LeonDurham says

Strategist says

Needs to ease some more. It's still suffocating housing.

Just curious--which regulation specifically do you think is suffocating housing?

You don't need to know every single law or regulation in detail. That's for nerds and lawyers. I look at results, and what I see is banks arenot lending for housing like they used to, or even close. There are hardly any portfolio loans available today that gave a range of options to potential borrowers for housing loans that were available 20 to 30 years ago.
If more people are able to borrow for homes, more homes would be built, resulting in softer home prices.

Strategist says

You don't need to know every single law or regulation in detail.

If you're going to say regulations are suffocating the housing market, I would think you could at least name 1 regulation.

Strategist says

and what I see is banks arenot lending for housing like they used to, or even close. There are hardly any portfolio loans available today that gave a range of options to potential borrowers for housing loans that were available 20 to 30 years ago.
If more people are able to borrow for homes, more homes would be built, resulting in softer home prices.

Well, I see more types of loans available now than ever before. There is absolutely more choices now than 20-30 years ago.

LeonDurham says

Trump promised to get tough on Wall St. and Big Banks.

If you mean Dodd-Frank, that was a Pastiche of Reform that simply sheltered Big Banks from competition by imposing immense regulatory compliance costs.

Strategist says

I look at results, and what I see is banks arenot lending for housing like they used to, or even close. There are hardly any portfolio loans available today that gave a range of options to potential borrowers for housing loans that were available 20 to 30 years ago.

Maybe you could give some more detail on this then. Do you want to see pick-a-pay come back?

TwoScoopsOfSpaceForce says

If you mean Dodd-Frank, that was a Pastiche of Reform that simply sheltered Big Banks from competition by imposing immense regulatory compliance costs.

lol--that's why Big Banks wanted it repealed so badly, right? And why they paid Trump to get it done?

LeonDurham says

Trump promised to get tough on Wall St. and Big Banks.

Promises Made. Promises Broken.

Have banks done something in the last 3 years to be punished for?

You know we need reasons to prison people in the west right?

LeonDurham says

lol--that's why Big Banks wanted it repealed so badly, right? And why they paid Trump to get it done?

How many bankers were prosecuted criminally and went to prison under Obama-Holder?

Not given wristslap fines far less than their take, and designed to headoff and thwart state suits and prosecutions?

If more people are able to borrow for homes, more homes would be built, resulting in softer home prices.

Gotta disagree here. If more people were able to borrow, those extra people would bid up the price of existing homes. Highly qualified people can borrow now, so any expansion of borrowers would be for the less qualified folks. The less qualified type include folks who wish to live outside their means, and do not care about costs if they can squeeze in the monthly payment.

Would you say "If more people who are able to get student loans, more people would be able to go to college, which means more college courses offered, which will soften tuition prices."