re: Trump not interested in reducing Housing Prices

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housing is this sacred cow where we can't question bad decision making and pretend irrational appreciation is efficient.

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What is the correct rate of price appreciation in housing market? What makes the current trend irrational?

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The only ones up in arms about prices going down are old people who have tons of equity(that they did nothing to earn in the first place)

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There are more non-boomer homeowners than boomer homeowners.

And the notion that a homeowner doesn't earn the equity in their home is as weird as it is retarded.

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Good, and building more homes will drive them down even further.

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Non-whiners have been telling whiners like you to do this in the dozens of "boomers stole my prosperity" bitchfests on this board. You apparently agree, so why aren't more homes being built?

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It IS a fact that Boomers STOLE from later generations to bail out their banks and mortgages.

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I thought SFP might be cubbie's alter, but it looks like scottydoesntknow is.

You sound just like her claiming that men run everything when you flare your nostrils about "Boomers."

No one benefitted from bank bailouts but Boomers, huh?

What an imbecile you are.

And that's not an insult. It's just a fact. Or you can call it a FACT if you want.

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I thought SFP might be cubbie's alter, but it looks like scottydoesntknow is. You sound just like her claiming that men run everything when you flare your nostrils about "Boomers." No one benefitted from bank bailouts but Boomers, huh? What an imbecile you are. And that's not an insult. It's just a fact. Or you can call it a FACT if you want.

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None of your insults will wipe away the receipts of your irresponsible behavior and selfish bailouts on that will be paid for after you are dead and gone

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TARP

QE1-4

Covid lockdowns(and bailouts)

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Why are those boomer things? And why stop with them? There are loads of other fedgov programmed largesse, is all fed spending on boomers?

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I am...bout to put another quality built home on the market in a good school zone.

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What’s your total profit on it?

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. It’s a way to get people into home ownership

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But they own less for longer with that amortization schedule. Why not rent instead?

That's also assuming the house appreciates super quickly. If it doesn't the borrower is even further behind

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Why are those boomer things? And why stop with them?

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Because boomers overwhemingly held the most political power then and had the most to lose if banks had failed, mortgages loans were called and the stock market crashed (aka a massive market correction).

Everyone would have suffered initially but America would have eventually recovered and rebuilt with a real economy and a reset dollar that was based on reality.

Instead we decided at that very moment that wed always intervene to make sure the economy "grow" by printing as much money as necessary to punt the problem to tomorrow.

The problem with printing money is that it doesnt create wealth, it dilutes it. Therefore those that were situated the best in their careers and investments, naturally soaked up a much higher percentage of the increased money supply, shifting the distribution of wealth to themselves.

THEFT

No dumb shitt, that is concerning to emptying the country of millions of people in short term whereas housing prices had run up as well as inflation in general. Getting them out releases housing availability for renters and purchasers but building on this exodus with heavy construction of housing could make a massive impact , negatively that is. Artificially supply of money into systems because of dumb actions of people, government and constituents alike causing inflation but irrational purchases causing spikes that are just as dangerous.