Housing starts tumble in July to new 17-month low

Discussion in 'Current Events' started by sec, Aug 16, 2022.

  1. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    A little correction to that. Keeping interest rates artificially low costs money, a lot of money, and that is what causes inflation.

    If we want to try to tame inflation, both the government and "the Fed" has to spend less money (or tax revenues have to increase to pay for things).

    I think as interest rates are allowed to rise, we might start seeing home prices drop a little bit. (Well, maybe not drop, but at least not keep rising as fast due to inflation)
     
    Last edited: Aug 16, 2022
  2. XXJefferson#51

    XXJefferson#51 Well-Known Member

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    The recent appreciation in home prices is much more long term in building and more sustainable than the bubble that began to burst in 2006.
     
  3. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Most of that is due to inflation, but maybe 40% is due to investors flooding into the marketplace, trying to find a safe place to park their money (due to inflation). But that could fuel a speculative bubble.
     
    Last edited: Aug 17, 2022
  4. sec

    sec Well-Known Member

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    AHH, so an anonymous Democrat voter has the actual facts, not reports from the industry

    thanks
     
  5. sec

    sec Well-Known Member

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    thanks, but I like it. However, i might go to the grocery store and take a picture of some prices.
     
  6. sec

    sec Well-Known Member

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    you may wish to drop the Democrat voting line and do some research on why negative amortization loans were allowed. You will find that it lands right at the feet of Democrat lawmakers. I've got you started, now run along and find out the truth behind why negative amort loans came to be

    Or, just continue to spew out the garbage told to you by the media.
     
  7. sec

    sec Well-Known Member

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    then we should nationalize housing, clothing and food so everyone can live at the same level of squalor. Well, everyone except politicians

    Vote Democrat. we'll get there
     
  8. Collateral Damage

    Collateral Damage Well-Known Member

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    So the cost of housing rising at a rapid rate, is how you manage inflation? I'm not sure what 'economics' professor you had, but I'd be questioning what they had a degree in.

    Exactly how are things 'getting 'better'? Because inflation slowed a percentage (averaged) but ignoring the overall inflation the common person is dealing with? Myopic is the politest term I can use.
     
  9. Junkieturtle

    Junkieturtle Well-Known Member Past Donor

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    Why is this a bad thing? The housing market has been stupidly moronically inflated for over a decade. It's time it came back down to Earth where the rest of us live.
     
  10. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    People will cry and whine regardless of where the housing prices are (too high or too low, it doesn't matter), but as of now homeowners are smiling. I know I am. As a matter of fact some of my neighbors have cashed out and bought RVs to find a new place. If there is a slow-down in new starts, then its good that it happens before things over-heat like it did in 2004, which ended in a total disaster 4 years later

    You failed to comprehend the post 100%, so one might wonder what education YOU have.
     
    Last edited: Aug 17, 2022
  11. sec

    sec Well-Known Member

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    good luck finding a long-term campsite for the RV and many "RV'ers" quickly become disenfranchised when they find that the RV is not a house.

    We love our boat
    We love our motorhome

    But we know what they are and understand that maintenance never ends
     
  12. Egoboy

    Egoboy Well-Known Member Past Donor

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    Great idea.. then you'll have a baseline when those start coming down as well...

    Always thinking ahead!!
     
  13. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    Based on their comments, they plan to travel the country until they find a place they like and settle down again. I don't see anything wrong with that given the fact that they are recently retired.

    Yea man. Sounds like something you would do. So exciting and all. Why not take videos of grass growing too. Sigh......
     
    Last edited: Aug 17, 2022
  14. Bearack

    Bearack Well-Known Member

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    I for one am glad to see this craziness slow down. I've put off construction on a new cabin for over 2 years because material and labor was just ridiculous. I'll probably need to wait another year for the dust to settle, but looking forward to finally building this other cabin.
     
  15. sec

    sec Well-Known Member

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    Many folks have tried that with respect to the rv. If they are handy, that's great. If a motorhome, they need to understand that their house requires maintenance. What do they do when it's in the shop? That's why we bought a gasser. I can work on it myself should the need arise and parts are less expensive

    And wrt to grocery store. I'm having some fun with one of your fellow Democrat voters.
     
  16. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Ah, yes, the GOP had control of both the House and the Senate for 6 years before the great depression, but it must be Democrat lawmakers' fault that the housing market crashed. I am wondering, what were Bush and Congress Republicans doing during those times, allowing minority Dems to pass such seemingly harmful legislation? Were they too stupid to stop it? Or is your revisionist version of history just full of B$?

    BTW: You shouldn't talk about spewing garbage when you end 90% of your posts with "Dem votes have consequences, always harmful". Clean up your own act first....
     
  17. sec

    sec Well-Known Member

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    like I predicted, you refuse to educate yourself on the topic. Spew the garbage all that you want. Once again, it was Democrat votes like it always is when harm is inflicted.

    I do give you credit for being a loyal, Democrat voter. Loyalty is important to the Democrat party. Be sure and obey
     
  18. Yulee

    Yulee Well-Known Member

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    Seriously? Do you want to continue pricing ordinary people out of home ownership?
     
  19. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    I appreciate you sharing your point of view and I agree with you. I did not decide why you gave trump honorable mentions. I just thought it was ironic.
     
  20. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    That is a tremendous amount of power. Do you believe they are responsibly using that power in the best interest of our workers?
     
  21. flyboy56

    flyboy56 Well-Known Member Past Donor

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    And spending more government money?
     
  22. flyboy56

    flyboy56 Well-Known Member Past Donor

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    Stop spending and let rising interest rates work! Economics 101.
     
  23. sec

    sec Well-Known Member

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    huh? Losing full Democrat control would do wonders for the economy
     
  24. Yulee

    Yulee Well-Known Member

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    Pricing going down feels like a good thing.
     
  25. sec

    sec Well-Known Member

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    especially for the folks who will be upside down. They'll love it
    Let them eat cake. Or did Nancy change that to ice cream?

    Vote Democrat and enjoy the misery
     

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