And I thought Joe Biden was Stupid . . .

Yes it does and that’s why the market is so high. You still haven’t realized there is a national shortage. Even after I “got real”.

This is just…. Ok, if there are 4 families that needed vehicles and I had 5 certified vehicles… I damn sure wouldn’t take 2 off the market to raise the price. Who, I say Who in the holy hell would be that STUPID? Neither you or I have any idea what their needs are????? In the real world, most likely none of them would sell, especially in this market.

Here’s a good place to start. I know it’s a draft but I’m to lazy to dig through all my crap to find the final but it will give some insight. And yes, leftist revisionist have changed the narrative since 2010.
https://fcic-static.law.stanford.edu/cdn_media/fcic-docs/2010-08-14 Pinto Government Policies.pdf
Study up on the housing crash of ‘08 then we can get into Frank Dodd.

 

I mostly believe you, I'm just trying to reconcile it with information from other users in this thread claiming we have a housing surplus.

Their needs are a car, it's an overly basic hypothetical to examine the limits of simple supply and demand. Replace the number/units with anything that makes you feel more comfortable.

I'm saying that if supply and demand is the only rule of the market, doesn't artificial scarcity make sense if your goal is to maximize profit rather than move inventory?

To continue with the flawed car analogy...

If each car costs $2 to make I need to decide what to sell it for. Let's say ideally I want to sell them for $5 each when supply=demand.

So if I have 5 on hand (manufactured for $10 total), I can enter this market of 4 people with anywhere between 1 and 5 cars. Any leftover cars you can try to sell later or keep

4 cars: supply=demand, sell for $5 each

-result: profit $10, have 1 car leftover to sell later

5 cars: supply>demand, sell for $3 each

-result: profit $2, have 1 car leftover

3 cars: supply<demand, sell for $7 each

-result: profit $11, have 2 cars leftover


Which do you do? Not to say this is how it works, again just demonstrating the limits of trying to say "simple supply and demand" is the ultimate answer

Thanks, I'll check it out and get back to you

 

The only thing Jobie figured out was that his choices before and after naps are vanilla and chocolate.

 

Sorry, but one doesn't pull properties off the market to increase buyer desperation. The carrying-costs are too high.

 

They do in cases where firms buy up properties to use as rentals. These types of firms also got in trouble recently for price fixing those units

 

Sorry again, but it doesn't matter whether the units are pulled off the market for sale and added to the rental inventory . . . they are still available dwellings. If units go either unsold or unrented because the prices are too high or because the costs of upkeep are excessive, the owner ultimately surrenders those units to the market at the prevailing price, either through voluntary sale or foreclosure.

You want a cheap house? . . . Buy one at auction and accept all of the headaches that come with it.

That the presently-liberal Justice Department considers it price fixing to use other's successful rental rates / sales prices as the basis for establishing their own is politically-motivated wishful thinking . . . nothing more.

The market is master . . . not the DOJ.

 

Haven't you learned anything after having most of your posts shoved up your pie hole? DATA? Like the cooked figures all politicians fool all of us with?

Want data? According to my survey, their are at least two worthless posters on these forums who will not answer direct questions to defend their ignorant crap.

 

I’ll let the ONE (1) user in this thread @toughcoins speak for himself as to why his responses can be interpreted either way if he believes there’s a large excess of housing currently. I want to remind you again, vacancies do not necessarily mean surplus. Even the Far leftists at CAP recognize this fact:

https://www.americanprogress.org/ar...a-supply-problem-that-needs-supply-solutions/
Most of the crap in this article is just leftist propaganda, but as usual they tossed in a fact, as not to get 4 Pinocchio’s. It pains me deeply to post anything from this organization yet I did….just for you Gene, just for you.

 

I don’t believe I’ve stated there’s a surplus of vacant dwellings.

​

A fair amount of inventory is necessary for the mobility of families around the country. Think of the tile puzzle we all played as kids:

​

​

In order for a move to be made, there must be vacant space to receive the tile. Now, consider the number of families in the US relocating for whatever reason. Each needs an empty dwelling to move into before they vacate the prior one. That should help you understand why there must be substantial vacant inventory above and beyond vacation homes.

 

I don’t believe you did either. I just thought you could put young Gene’s claims to rest and ease his mind. ​

 

Yes, consider that new families/ individuals are needing housing. Not everyone looking for new housing have been previously housed…. Outside of their family homes.

 

And how does his current life and retirement plan look compared to yours?

I thought so.


Get back to making a fool of yourself about this whenever you feel the need.

 

Pretty stupid question, even for you. I wouldn’t want to be standing in that dolt’s shoes . . . Anyone who would is extremely short-sighted.

 

I suspect your comparatively miserable existence will attest to that. Would you care to buy a clue at this time?

 

The People resent him for the high prices they pay.
The People despise him for putting our economy in a tailspin.
The People hate him for facilitating the invasion by over 10 million illegals.
Any legacy he had has been dismantled by his years in the White House.
In time, his family will lose its misappropriated fortune.

My existence, miserable compared to Biden’s? . . . Yeah, in your mind perhaps. Your kind of honor has no place in my house.