The Biden Presidency

[Tapate50]

Its been ultra magnified because of poor projections on what migration patterns would look like.

Not really, those same systems have swung and missed for years on and off.

This isn't new.

[Carp]

This is an article from 2018 highlighting the lack of supply.

https://www.freddiemac.com/research/...housing-supply

[thethe]

We have built LESS THAN HALF as many homes in the decade plus since 2007 than the same amount of time from like 95 through 2007. That is incredibly significant. And many economist have been ringing the bell on this problem for years.

Not in Texas and Florida.

[thethe]

This is an article from 2018 highlighting the lack of supply.

https://www.freddiemac.com/research/...housing-supply

Again - This is not hte case in Texas and Florida which was hte whole basis of this conversation.

[thethe]

20 million illegals in TX for a state with a population of 30 million....

I'll take made up facts for $500, Alex.

Oh - You think the census captures population density perfectly?

Got it.

[thethe]

AND THAT IS OK!

New homes commonly sat empty for months 10 years ago. That's what happens in a healthy market. Homes are not supposed to fly off the shelf like the newest Iphone.

Homes are supposed to sell - And Developers are taking it on the chin right now because massive developments are sitting empty.

[Carp]

Not in Texas and Florida.

Sure. Maybe don't ramp up production in TX and FL if that suits you. They are largely fine at current build rates because they ramped up production during the pandemic.

But TX and FL are not a reflection of the other 48 states. And TX and FL markets have started to normalize.

So it seems what you are actually saying is that the decision to build more homes actually worked in driving home prices down in those states.

Imagine that.

[Carp]

Homes are supposed to sell - And Developers are taking it on the chin right now because massive developments are sitting empty.

If developers are taking it on the chin it's because they have over leveraged themselves. Current TX and FL housing markets are what NORMAL housing markets are supposed to look like.

[Carp]

Oh - You think the census captures population density perfectly?

Got it.

Oh you think 50+ MILLION people live in TX alone, in a country with a population of 330 million people?

There is no possible way you can be this insane.

[Tapate50]

If developers are taking it on the chin it's because they have over leveraged themselves. Current TX and FL housing markets are what NORMAL housing markets are supposed to look like.

Yep.

Been happening since I’ve been alive

[thethe]

If developers are taking it on the chin it's because they have over leveraged themselves. Current TX and FL housing markets are what NORMAL housing markets are supposed to look like.

Whole develoments sitting empty for months (weill be years) is not what a housing market is supposed to look like.

Expect to see more articles int he future about the oversupply of homes in Texas/FLorida.

[sturg33]

Whole develoments sitting empty for months (weill be years) is not what a housing market is supposed to look like.

Expect to see more articles int he future about the oversupply of homes in Texas/FLorida.

1. Do you believe housing affordability is a problem for Americans?

2. Do you believe adding supply would help lower the cost?

3. If yes to 1 and 2, why are you opposed to doing it?

[chop2chip]

20 million illegals in TX for a state with a population of 30 million....

I'll take made up facts for $500, Alex.

We have several illegals squatting in our garage

[sturg33]

MAGA policy and Joe Biden agree

[thethe]

1. Do you believe housing affordability is a problem for Americans?

2. Do you believe adding supply would help lower the cost?

3. If yes to 1 and 2, why are you opposed to doing it?

If all your low IQ brain can process is the supply side of the equation I can understand the logical argument you’re making. Fortunately, many of are more intelligent and understand there are other factors than just the number of homes.

[thethe]

We have several illegals squatting in our garage

Need cheap labor to watch the kids somehow

[Carp]

Whole develoments sitting empty for months (weill be years) is not what a housing market is supposed to look like.

Expect to see more articles int he future about the oversupply of homes in Texas/FLorida.

It isn't going to be years for 95% of these. Again, you don't know what you are talking about.

[thethe]

It isn't going to be years for 95% of these. Again, you don't know what you are talking about.

We will revisit and see who is right.

I still remember you vehemently saying I didn’t know what I was talking about regarding nursing homes in NY during Covid.

[sturg33]

If all your low IQ brain can process is the supply side of the equation I can understand the logical argument you’re making. Fortunately, many of are more intelligent and understand there are other factors than just the number of homes.

Could you answer the questions, though?

[thethe]

Could you answer the questions, though?

Your question is a leading one because you ignore my plans to address the problem outside of supply. It’s a common tact from you.