Starting today August 7th, 2024, in order to post in the Married Couples, Courting Couples, or Singles forums, you will not be allowed to post if you have your Marital status designated as private. Announcements will be made in the respective forums as well but please note that if yours is currently listed as Private, you will need to submit a ticket in the Support Area to have yours changed.
Yes.
By “economists,” I mean academics with PhD’s who publish research, not merely folks like Reich who’ve had some grad courses on the subject and worked jobs that deal with economic issues.
There are lots of ways to bring housing and rental prices down without regulating prices or adding money to pay for already small supply.
======================
SOME IDEAS
1) Get rid of the idea that youth have no need to save for a down payment or to start out with a smaller house.
Ditto for rentals. We think that it is the right of a 21-30 year old to own a house at least as large as his or her parents. There is a need for savings in order to pruchase a first house.
2) Zoning rules greatly add to the cost of building units. One goal of zoning should be to increase the number of housing units.
3) There needs to be many more smaller houses (think Levittown).
4) The cost of labor needs to be decreased by allowing tens of thousands of more legal immigrants.
Many contractor studies have shown that more available workers would greatly increase the number of units built.
5) Federally mandated low cost housing hasn't worked. The control and interest in low-cost housing needs to be local.
============
INSURANCE
Just, BTW, insurance costs have increased greatly. I think that this is appropriate. Climatic changes have caused much more damage. Also, folks continue to build and live in areas prone to weather issues. If anything, many areas should have much higher rates to prevent rebuilding in those areas. There might be more programs of disaster insurance much like flood insurance, but that doesn't mean that it should be less expensive.
The economy is in far far better shape than during the Trump Recession.
Unemployment hit 3.4% a couple times in 2023. Right now, it’s where it was in mid-2017.
No doubt, let alone the impact that the borrowed money would have on this Administration's overall runaway inflation.HOUSING
House prices are too high. OK. So the Harris answer is to give new buyers $25K each to spend. It takes a special kind of economic analysis to believe that this will bring prices DOWN.
As insurance should be.Let's hear it. I always see real estate as tricky since it's a static good.
I wasn't aware that younger folks thought this.
Indeed.
Tornado insurance in Tornado alley....Hurricane insurance in gulf states....
Seems prohibitively expensive.
As insurance should be.
OK, let's say that you choose to build a home in islands off the FL coast that often gets damage from hurricanes,
or in Gulfport or in various other areas. Insurance rates are regulated and based on a history of claims.
What keeps rate high is that insurance companies choose to subsidize those in the worst areas.
There are houses that insurance companies have rebuilt 10 times in areas obviously prone to damage.
The reality is these houses shouldn't be insured at all, except at truly exorbitant rates.
No doubt, let alone the impact that the borrowed money would have on this Administration's overall runaway inflation.
I wonder if Border Czar Harris had considered that flooding the housing market with illegals, might have an impact on housing costs.
Interesting that this talking point doesn't include all of Trump's term. I wonder if there's a reason why.Job market:
Perhaps Trump’s most impressive labor market feats were unemployment declining from 4.7% to as low as 3.5% in late 2019 and early 2020, which tied its lowest level since 1969 and wages growing by an inflation-beating 15% over his four-year term.
False. The market is far higher under Biden.Stock market:
Stocks performed better under Trump,
True, inflation was much higher coming out of the Trump Recession, but you're neglecting the fact that it's back down to 2.9%.Inflation:
Inflation has been far worse during the Biden administration, up 19.9% over the first 41 months of Biden’s term compared to 5.4% during Trump’s first 41 months, according to the government’s consumer price index. Year-over-year inflation peaked under Biden at a four-decade high of 9% in 2022
Unemployment reached double digits under Trump, with net job losses. Job creation has been much higher under Biden.Job market:
Perhaps Trump’s most impressive labor market feats were unemployment declining from 4.7% to as low as 3.5% in late 2019 and early 2020, which tied its lowest level since 1969 and wages growing by an inflation-beating 15% over his four-year term.
Feelings are not the economy.Consumer health:
Consumer sentiment was lower last month than it ever was under Trump, according to the University of Michigan’s widely tracked survey as Americans continue to feel the aftershocks of inflation
A great example of how the right-leaning media supports Trump over the factual evidence of his economic failures listed above.Research also indicates Americans have more belief in Trump to oversee the economy
Biden never shut down the economy.Biden shutting down the economy is the cause for the pending office building bust;
Borders are not open. Trump built the wall and Mexico paid for it, remember? There is no border problem.and his open borders have tremendous influence on the inflated housing bubble.
Party before country isn't productive.Let's pray that the markets crash before the election; so that America still has time to respond to the wake up call.
What aggression?Let's pray that our enemies don't nuke us over the Biden Administration's aggression in the mean time
With Nixon, price caps resulted in many products being frozen at the full retail price, instead of being sold at a discount as they often are. So the issue is "which price" are we referring to.Please review the effect of Nixon's price caps. Price caps are highly inflationary.
I'll take the word of a credible news source like Forbes, over your unsupported opinion any day.False. The market is far higher under Biden.
True, inflation was much higher coming out of the Trump Recession, but you're neglecting the fact that it's back down to 2.9%.
Unemployment reached double digits under Trump, with net job losses. Job creation has been much higher under Biden.
Feelings are not the economy.
A great example of how the right-leaning media supports Trump over the factual evidence of his economic failures listed above.
Are not defacto wars, wars?Please list the all the examples of Congress declaring war under Biden.
Does this mean that you fail to see the relevance of Americans going hungry under this Administration?How quickly you move the goalposts from unemployment and job creation to rate of pay.
So are fudged statistics.Anecdotes are irrelevant.
I posted direct quotes from the Forbes article.Forbes doesn't agree with you.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?