Gravel
Mr. Poopybutthole
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Gotta have a bedroom for every kid, plus an office, and playroom for the kids.
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Ranak
Molten Core Raider
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Agree to an extent with this tweet, but it doesn't have the last 3 years of hyper price inflation taken into account or that current levels are the highest they've ever been (not including the last 3 years). Costs of building have negated the ability to provide smaller starter homes other than townhomes/condos. The trajectory is not sustainable. I think this graph is more helpful.
Blazin
Creative Title
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Why is it not sustainable? Explain what your saying pls. Why can't it go up another 300%?
Sanrith Descartes
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Gravel
Mr. Poopybutthole
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This seems relevant. Curious about anyone's thoughts on it.
Basically that the Fed seems hyper focused on housing (incl rent) costs, and so aren't lowering rates due to that. But that keeping interest rates high is driving that problem. At least, that's what I took from it.
Put another way, the Fed is trying to lower Core CPI by crushing housing demand, but the tool they're using, interest rate hikes, is the very thing driving it up. Their inflation fighting tool is just creating more inflation.
www.marketwatch.com
Basically that the Fed seems hyper focused on housing (incl rent) costs, and so aren't lowering rates due to that. But that keeping interest rates high is driving that problem. At least, that's what I took from it.
Put another way, the Fed is trying to lower Core CPI by crushing housing demand, but the tool they're using, interest rate hikes, is the very thing driving it up. Their inflation fighting tool is just creating more inflation.
The Fed's got inflation dead wrong. That's why a 2024 recession is likely, says Duke professor.
The Federal Reserve has achieved its goal of taming U.S. inflation, according to Campbell Harvey of Duke University, but refuses to say its rate-hike cycle...
www.marketwatch.com
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Big Phoenix
Pronouns: zie/zhem/zer
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Housing is fucked regardless. You see how many people are being let into the country atm?
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Ya, that seems like horseshit to me. Looks like academia being paid for articles to persuade the Fed to 'pivot' when inflation has barely been touched according to real numbers that have nothing to do with housing, and not the governments cooked numbers.This seems relevant. Curious about anyone's thoughts on it.
Basically that the Fed seems hyper focused on housing (incl rent) costs, and so aren't lowering rates due to that. But that keeping interest rates high is driving that problem. At least, that's what I took from it.
Put another way, the Fed is trying to lower Core CPI by crushing housing demand, but the tool they're using, interest rate hikes, is the very thing driving it up. Their inflation fighting tool is just creating more inflation.
The Fed's got inflation dead wrong. That's why a 2024 recession is likely, says Duke professor.
The Federal Reserve has achieved its goal of taming U.S. inflation, according to Campbell Harvey of Duke University, but refuses to say its rate-hike cycle...
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Blazin
Creative Title
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This seems relevant. Curious about anyone's thoughts on it.
Basically that the Fed seems hyper focused on housing (incl rent) costs, and so aren't lowering rates due to that. But that keeping interest rates high is driving that problem. At least, that's what I took from it.
Put another way, the Fed is trying to lower Core CPI by crushing housing demand, but the tool they're using, interest rate hikes, is the very thing driving it up. Their inflation fighting tool is just creating more inflation.
The Fed's got inflation dead wrong. That's why a 2024 recession is likely, says Duke professor.
The Federal Reserve has achieved its goal of taming U.S. inflation, according to Campbell Harvey of Duke University, but refuses to say its rate-hike cycle...
The Fed is use to fighting inflation caused by too much demand. With housing we do have high demand but a big contributor to the problem is the lack of supply and the more the raise the worse that supply becomes and so far it is not being offset by sufficiently decreased demand. This is the point. We need more housing, there is not some magical other way out of this, it's why the housing bubble argument is retarded. If prices somehow dropped how does that help the lack of supply in what way does that result in more houses being created.
Some builder is gonna say "well gosh now that I make less to nothing at all on a house I'll think I'll build more."
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Aldarion
Egg Nazi
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I can't get past this. This number is so far from reality I don't know what to believe from the article.
Maybe theres some "official" source that matches this number. All I'm saying is, this number is fucking horse shit.
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Mist
REEEEeyore
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Gravel
Mr. Poopybutthole
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Agreed. All the numbers the Fed is making decisions with are bullshit. But that's not stopping them from using them.
Daidraco
Avatar of War Slayer
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Grandparents bought a 1500 sq ft 3 bed 1 bath in 1954. Proceeded to raise 4 kids (all of which were already born) in it along with themselves. Then once all the kids had left adopted me from their daughter to raise one more. Whenb I was 7 my grandfather did convert the one car garage into an additional room. because he wanted a TV/Football watching room. (Circa 1977) (built a carport out back for the cars)
Palum
what Suineg set it to
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I don't know why this is hard to figure out unless you're like a Blizzard dev that can only balance based on a spreadsheet. Basically 98% of the market supply is reflected in demand for non first time home buyers because you sell one and buy one. People selling their only home or an extra home, are relatively uncommon. This is also offset by people buying another home. It also turns out renters live in homes and since homes are owned by someone, the only actual way out is to start killing people or build more homes.
I don't see a lot of heads on spikes outside new subdivisions, so I guess it's just fucked while they keep making it harder for builders to fund with raising interest rates.
Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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I just shrug every time I hear the words housing bubble. I've been hearing that for over 20 years, and the one time it was bursting my home value went down a few thousand for a couple years. I routinely tell people who say they are holding off on buying a house because of the housing bubble, that I think they aren't being smart... I mean unless they can't afford a house.
Sure some real estate markets crater, but that's a local thing, and can be influenced by so many factors. A general US-wide housing collapse... not probable until people start running the other way over the borders.
Sure some real estate markets crater, but that's a local thing, and can be influenced by so many factors. A general US-wide housing collapse... not probable until people start running the other way over the borders.
Big Phoenix
Pronouns: zie/zhem/zer
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Pretty much all new construction that isnt high end around here is high density, apartments condos or "single family" homes packed in like sardine cans.
This is whats built today;
v what was built up to the late 80s;
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Mist
REEEEeyore
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