And I thought Joe Biden was Stupid . . .

Don’t look at Government data.Realtor. Com lists all sales from realtors and secondary sellers based off local deed transfers and sales price. Of course you wouldn’t know that….

 

Then show us the aggregate data they use for their "estimate"

 

.

Look at the data that comes from every single area and is recorded in their respective records office. That’s where the data comes from.
It’s obvious that you have never purchased property or owned it. Pick a jurisdiction in the US (county, bureau, city, parish or what the heck else), it’s public record and that’s where they get their numbers from.
Where did your source get their numbers from??? The Census??? They same organization that takes surveys from non-citizens…ie…. Illegals? BYY, I can’t believe nobody hasn’t called you out on the overstaying the Visa lie yet.

 

Why don't they share it then? Clearly they've aggregated it if they have summary numbers. I don't know what they're counting and neither do you. It's a fox in the henhouse situation, building new homes and saying there's a shortage directly benefits them. If they released their full numbers and methodology that would be one thing, but we're just getting a "take my word for it" from those that stand to profit most?

Yes, even if not to your standards, at least their numbers and methods are transparent. You wouldn't even know who or what realtor.com was counting in their numbers.

To be clear, are you saying there is an urgent need to build more houses en masse? Because that appears to be what you're saying

 

There again, it obvious you have never purchased a home or paid property taxes. Go to your beloved area of the comiewealth of Minnesota, the one governed by the fantastic Tampon Tim. Search the registrar in your previous location. It’s public record. Compare it to the source I referenced then explain to all of us why in the Hell would they profit from exploiting the market?
Now, show us the numbers and methodology you used to make your assertions.

 

I'm not doing your work for you. Your claim, your burden of proof

 

No, YOUR Claim:

Now Prove it!

 

See above. You can use @toughcoins data and insights too if you like. I'm claiming a surplus, which I and others backed up. You're claiming a shortage, and then saying I have to disprove it but using only your personal favorite source which you also seemingly refuse to use. Get real.

 

I want to be of some minor assistance in the present debate, because that is just the kind of guy I am

So, how do Constructors and the real estate "industry" and building materials entities and factories and investors project the shelter needs of The People?

1)Navigate to the U.S. Census Bureau website, and proceed to the National Population Projection Tables-Alternative Scenarios information.

2) Navigate to the Congressional Budget Office website- and proceed to the Demographic Outlook 2023-2053 info.

The information culled from these 2 sources are the basis of almost every long term construction planning...whether commercial or residential housing of all types, or municipality needs-schools/public services etc., industrial, or factory, or federal projects....has been the data used in support of every War Room discussion I have ever been involved in ever. For as long as I remember.

BS, you say?

My reply is: I know stuff. When I don't know stuff, I don't know it.

Continue with the conversation, but do so armed with information that is neutral and assists in reducing silly commentary.

This has been a Charley Talk.

Truth in editing: Added an "i" where needed. I know, I know, shocking that I forgot an "i", but at my age it sometimes happens, so shaddap about it.

 

All this reeks of AOC demanding that Amazon become a landlord before they would be allowed to build in her constituency opening the door for hundreds of potential good jobs. And how did that go?

 

The inside story that was shared with me, was that the Amazon Contractor backed out of the construction proposal because AOC insisted that every apartment and house in the Bronx receive a free installed Garbage Disposal and a 3 hour tutorial in how to use it, before the contractor could start construction.

Anyway, that is what I heard.....

 

Geez . . . as much as she's polluted the minds of the impressionable, is it too much to ask that someone come up with an AOC garbage disposal unit durable enough to finish the job?

 

So let’s get real. First, you need to possess a minimal knowledge of the housing market and basic economics.
Factoid #1) The less availability of a product, the higher the cost. Pretty simple.
https://zillow.mediaroom.com/2024-0...-5-million-homes-as-the-housing-deficit-grows
Factoid #2) Housing vacancies numbers do not (Not) reflect that’s there is necessarily a housing surplus.

https://www.resiclubanalytics.com/p...using-units-balanced-market-finds-freddie-mac
BTY, if you look at the Links in previous posts, by other members, you’ll find they also reference realatordotcom.

 

Getting beyond the "basic economics" into slightly more advanced topics, do you think artificial scarcity is a good thing?

I generally agree, I was convinced of that to a degree earlier in this thread. Now I'm more supportive of Harris' plan to address the housing shortage than when I first entered this thread and declared a housing surplus. Looks like we might be more on the same page now than we realized.

 

It’s not artificial scarcity, it’s inflation caused by this administration and real housing deficits. Quit making excuses. The more housing available, the less the cost. Again, basic economics. Man up.

You may have seen the light but if you are now supporting Kamala’s proposal, you haven’t learned anything.

 

Okay, but that's a real econ 101 take. Why don't you think artificial scarcity has anything to do with it?

Why? What would you change from her proposal?

 

No it’s not real Econ 101, just disguised as so. Artificial scarcity is a term “ that we use” to….demonize businesses. Let me ask you a question, if you could build and sell a home for $175 per sq ft 4 years ago when the interest rate was less than 4% and.. the market time was around 45 days, would you be building the same house today at $240 per sq ft with the current interest rate and expect to sell it? I don’t know about you, I’m not building that home.

Giving 25000 dollar breaks to first time buyers is doing the exact same type of thing Frank Dodd did. The true definition of stupid.

 

Joe figured it out. You summed up his maneuver. Yet you still resist?

 

(Assuming the desired target actually exists) there in no such thing as scarcity. There is only the juxtaposition of your $supply and the cost in a venn diagram. The wealth disparity is the culprit what needs fixin.

 

If there's truly a shortage of houses, yes. Doesn't supply and demand dictate the prices then?

If you had 5 houses and 4 people needing them, it stands to reason that supply is greater than demand, so prices should be low. However, couldn't you make more money per house by taking 2 houses off the market until the first 3 sold?

How so? Genuinely, if you can point me in the direction of some reading for this topic I'm interested.