patrick.net

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 $$$

"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"

Nope--what I'm saying now is that you don't understand supply and demand. That increased supply will ABSOLUTELY drive down prices. Which is why builders don't build more--they WANT higher prices.

You want the federal government to build affordable housing fine

but don't expect the builders to massively build affordable homes

joeyjojojunior says

That increased supply will ABSOLUTELY drive down prices.

Logan Mohtashami says

So did all that building create cheaper housing?

"Spoken like a true Liberal .... Builders build to demand, the demand is the weakest ever on record...They're doing their job to make $$$"

Nope--if they built to demand, prices wouldn't rise. That is a fact. 100% true.

They build to slightly less than demand so prices continue to rise.

OK--I'm done with you Logan.. You're just trolling now, with no interest of actually learning.

joeyjojojunior says

"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 need higher prices. They won't make much of a profit otherwise.

Ha Ha Ha

dense =

Logan Mohtashami says

That increased supply will ABSOLUTELY drive down prices.

Like I said you guys can't read data and you think you're experts in fields that you have never worked in

Gentlemen don't over think this one...

The egos here are massive .... :-)

But I did tell you guys to buy KB homes at $10

and look at MASI hitting $72 today

;-)

Because all that matters is price right ????

and I said Builders where overvalued in June of 2015 but buy in Jan of 2016

For the record I wouldn't touch it over $14.57 but $10 was the buy point

Reports Q4 (Nov) GAAP earnings of $0.40 per share (including ~$0.06/share in pre-tax inventory charges), $0.04 worse than the Capital IQ Consensus of $0.44

When you elect a Kenyan stoner, what else can you expect besides a colossal failure?

joeyjojojunior says

Well, you can start by looking at the voting record of Senators and Reps.

41% of House Democrats voted for NAFTA, and the Democratic President not only signed it, he campaigned for it both during his Election and in the run up to the vote.

The Canadian RX Bill that was just defeated would have passed if some of the 13 Democrats that voted "nay", voted "yea".

zzyzzx says

Kenyan stoner,

Who thinks he is the Jewel of the Fucking Nile or some shit...

Did you ever see that "interview" he gave with his Kenyan sister in Kenya? The arrogance is brimming over the rim there.

Heraclitusstudent says

The idea that democrats are in any way philosophically opposed to free trade is just plain ridiculous.

Are you kidding me?? A strong majority of them voted AGAINST free trade. What in the hell are you talking about?

This sound like a Party fundamentally opposed to Free Trade?

2012

Over the last four years, we have made historic progress toward the goal of doubling our exports by 2015. We have taken steps to open new markets to American products, while ensuring that other countries play by the same rules. President Obama signed into law new trade agreements with South Korea, Colombia, and Panama that will support tens of thousands of private-sector jobs, but not before he strengthened these agreements on behalf of American workers and businesses. We remain committed to finding more markets for American-made goods--including using the Trans-Pacific Partnership between the United States and eight countries in the Asia-Pacific, one of the most dynamic regions in the world--while ensuring that workers' rights and environmental standards are upheld, and fighting against unfair trade practices. We expanded and reformed assistance for trade-affected workers, and we demanded renewal of that help alongside new trade agreements.

I like the TPP's labor standard, it guaranteed a dollar a day. The absolutely poverty line around 1990, 27 years ago. Tough Protection!

2004

Exports sustain about 1 in 5 American factory jobs. Open markets spur innovation, speed the growth of new industries, and make our businesses more competitive. We will make it a priority to knock down barriers to free, fair and balanced trade so other nation’s markets are as open as our own. We will stand up for American workers & consumers by building on Pres. Clinton’s progress in including enforceable, internationally recognized labor & environmental standards in trade agreements.

No Thunder is right. If one Republican votes for a gun control bill, then the Republican party is the party of gun control. Makes perfect sense.

joeyjojojunior says

No Thunder is right. If one Republican votes for a gun control bill, then the Republican party is the party of gun control. Makes perfect sense.

Joeyjojojunior Math:

13 of 42 = 1
41% of the House Majority Party = 1

another naive, clueless victim of fake news and the liberal propaganda machine.

Strategist says

Obama failed on the most important issues that matter to us:

Economy

Terrorism

Foreign policy (e.g. North Korea)

But that's OK, because we have someone to clean up the mess on Jan 20th. :)