2024 Field

[nsacpi]

What of the property owners that planned their retirement based on the value of their homes?

What about investors that will take massive losses becuase they invested in PE funds that pushed housing?

What bout hte fact even with lower prices there is still going to be a massive supply of homes unsold.

Its a juvenile position to say all we need to do is build more....

I think there is a niche out there for a financial vehicle that provides people with a way to hedge their exposure to owner-occupied real estate. I'll do a little name dropping (without dropping the name). About 18 or 19 years ago (ahead of the bursting of the housing bubble) I had an opportunity to work with a financial economist (who would go on to win the Nobel prize) on precisely that idea. The product would be tied to a house price index or series of price indexes. It would have a short and long basket. And people could invest in one of those two baskets. Anyhow our main financial backer was one of Bernie Madoff's victims and wasn't able to continue with the project after being defrauded of much of his wealth.

[thethe]

I think there is a niche out there for a financial vehicle that provides people with a way to hedge their exposure to owner-occupied real estate. I'll do a little name dropping (without dropping the name). About 18 or 19 years ago (ahead of the bursting of the housing bubble) I had an opportunity to work with a financial economist (who would go on to win the Nobel prize) on precisely that idea. The product would be tied to a house price index or series of price indexes. It would have a short and long basket. And people could invest in one of those two baskets. Anyhow our main financial backer was one of Bernie Madoff's victims and wasn't able to continue with the project after being defrauded of much of his wealth.

Quite the name drop - Wish your dogma wouldn't lead you to so many incorrect conclusions politically because its been obvious to me since day 1 you're high IQ.

[chop2chip]

Markets (and builders) will get things wrong (sometimes bigly wrong). But it is also very hard for amateur outsiders to do better. Everyone has an uncle who thinks he is a genius at real estate.

Markets get things wrong all the time. Forecasts have that nasty side effect of being wrong and occasionally bigly. The advantage of markets is that they have mechanisms to self correct.

[thethe]

Markets get things wrong all the time. Forecasts have that nasty side effect of being wrong and occasionally bigly. The advantage of markets is that they have mechanisms to self correct.

Correction being those with large concentration of assets capitalize on poor planning speeding up consolidation and wealth disparities.

[nsacpi]

The advantage of markets is that they have mechanisms to self correct.

Darwin's insights do apply. Often in ways that make some of us squeemish.

[chop2chip]

Correction being those with large concentration of assets capitalize on poor planning speeding up consolidation and wealth disparities.

That or the Chinese

[thethe]

That or the Chinese

Your response is tongue and cheek but its very common (especially in Queens) for Chinese nationals to buy 1M+ homes all in cash.

[chop2chip]

Darwin's insights do apply. Often in ways that make some of us squeemish.

Winners and losers. Such is life

[sturg33]

The common theme of theta's economic genius is to protect older rich people at all costs, and screw over young Americans at all costs

Print money to create inflation. Always helps the rich and screws the poor and young people

Limit housing to keep home values high. Always protects the old people who have tons of money, screws young people into lifelong renting

Never change social security? Make sure the old people get all their money - even when we have to print it (see point 1). The young people don't have a prayer. Sucks for them

He is a greedy central planner, this one

[sturg33]

this is the group who scolded RDS for going after Disney and told us to leave Bud Light alone and told us shipping migrants to Martha's Vineyard was political theater, right?

[zitothebrave]

What of the property owners that planned their retirement based on the value of their homes?

What about investors that will take massive losses becuase they invested in PE funds that pushed housing?

What bout hte fact even with lower prices there is still going to be a massive supply of homes unsold.

Its a juvenile position to say all we need to do is build more....

If you went and bought a **** ton of homes in the last few years and you're upset that the market collapsed, you're an idiot. Housing as an investment is a long term goal. Assuming holding the property for 10+ years before sale.

I mean we're going to be heading towards a housing cliff at some point when Boomers start dying because they're all holding multiple houses and with population not booming there will be open homes.

[thethe]

Lots of morons

[thethe]

Some people think that we would be better off if Biden won another term.

Those people are idiots.

[thethe]

There is a path to 350+ here and if it happens - woo boy the takes from 2023 and early 24 will be fire!!!

[thethe]

Trump took away the lefts primary issue. These two factors will drive trumps landslide.

[sturg33]

So what's the prediction on the landslide? How many EC votes

[thethe]

I'd say Conservatively 310-330 but there is a window for more especially when Biden short circuits on the debate stage.

[nsacpi]

So what's the prediction on the landslide? How many EC votes

350+

asked and answered...stop badgering the witness

[sturg33]

I'd say Conservatively 310-330 but there is a window for more especially when Biden short circuits on the debate stage.

I'm not asking for the conservative prediction. I wanna know what you think the landslide will be

[nsacpi]

I'd say Conservatively 310-330

conservatively is the key here

the answer already given is 350+