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(CNN)   Home building hits four-year high. Both homes reported to be ready for occupancy before winter   (money.cnn.com) divider line 65
    More: Spiffy, National Association of Home Builders  
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1432 clicks; posted to Main » on 17 Oct 2012 at 2:26 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-17 12:37:48 PM  
Wheee greenlight 200. Arbitrary number goal goodness! Free cake and punch for everyone! Wheee!!!!!
2.bp.blogspot.com
 
2012-10-17 12:58:17 PM  
Jimmy Carter's working his ass off.
 
2012-10-17 01:07:29 PM  
CNN, always in the Obama camp, giving him fresh fodder for the next debate.

Why can't facts be less shameless?
 
2012-10-17 01:14:47 PM  
Republicans, I presume, are about to call this number fake.
 
2012-10-17 02:29:15 PM  
This is bad news.....for Obama.
 
2012-10-17 02:29:52 PM  
But when you count the houses that are underemployed, the number is 11%.
 
2012-10-17 02:30:10 PM  
Glad people are getting back to work. I guess the people that build them are the people lining up to buy them?
 
2012-10-17 02:33:12 PM  

HenryFnord: Wheee greenlight 200. Arbitrary number goal goodness! Free cake and punch for everyone! Wheee!!!!!


I'll have a small slice of cake... Little bigger. There you go. Thanks.
 
2012-10-17 02:33:28 PM  

ThatGuyFromTheInternet: Republicans, I presume, are about to call this number fake.


Not really. But when you start with shiat figures for 3+ years under Obama, then there's no where to go but up.

I know, I know Bush's fault. How long was he President? I know the history texts say he left office in January 2009, but to hear Obama supporters tell it he's still the President of the Shadow Government that actually runs the country.
 
2012-10-17 02:33:43 PM  
Setting up for another problem though. Mortgage rates are still way low, artificially so. People can afford to take out huge mortgages. If they start lending willy nilly again.....
 
2012-10-17 02:34:45 PM  

Waxing_Chewbacca:
I'll have a small slice of cake... Little bigger. There you go. Thanks.


Good call. The other choice was 'Death'
 
2012-10-17 02:35:40 PM  
I'm in new custom home construction and I can say this is 100% true, even in our market (Northeast Ohio). 2010 was a great year coming off of the 2008/2009 slowdown, 2011 was back to pre-recession sales, revenue, and profit levels, and 2012 is looking to be the best year we've had in 20+ years of business.

Prospects are up, sales are up, closings are up ... Our company has hired 8 new people (for a total of 25 employees now) in the last 6 months to keep up with accelerating demand.
 
2012-10-17 02:38:01 PM  

ThatGuyFromTheInternet: Republicans, I presume, are about to call this number fake.


Well how else is it possible? I thought the standard Democrat mantras were that GOP obstructionism was preventing any economic improvement; that the economic stimulus and failed green jobs programs were not working because we did not spend enough and of course nothing would improve until we taxed the "rich" more.

So with nothing left to attribute to any alledged improvement in the economy (other than a natural economic cycle) why not credit any improvement to Obama's brilliant decision to extend all of the Bush tax cuts?
 
2012-10-17 02:38:18 PM  
I'm buying a house built in 1888. You couldn't get me to buy a house built in the last 20 years.
 
2012-10-17 02:38:45 PM  
How many of these houses are illegal immigrants that are criminals though?
 
2012-10-17 02:41:13 PM  

HenryFnord: Wheee greenlight 200. Arbitrary number goal goodness! Free cake and punch for everyone! Wheee!!!!!
[2.bp.blogspot.com image 850x458]


Login: HenryFnord (UltraFark) [TotalFark]
Fark account number: 52919
Account created: 2002-09-04 14:08:32
Submitted links approved: 199

I don't know. Maybe that's 200 Canadian greenlights.
 
2012-10-17 02:41:55 PM  
This is actually great news. Its the missing piece of our economic recovery. If housing gets going again, we are on a roll.
 
2012-10-17 02:42:33 PM  

seadoo2006:

Prospects are up, sales are up, closings are up ... Our company has hired 8 new people (for a total of 25 employees now) in the last 6 months to keep up with accelerating demand.


Totally false. Everyone knows excess money supply creates jobs and not demand. Let me put it this way. You have a business that makes $1M a year and you have two employees. Now, if I give you more money then you're going to hire more employees because you have more money.

It's what scholarly economists at the American Enterprise Institute call Job Creator Economics. That's how you create jobs. I want to create jobs and get this country moving forward again.
 
2012-10-17 02:44:18 PM  
WOW just like that and magically in less than a month is the election. The numbers just don't lie I guess.

/I see I was already beat
 
2012-10-17 02:45:28 PM  

Hot Carl To Go: HenryFnord: Wheee greenlight 200. Arbitrary number goal goodness! Free cake and punch for everyone! Wheee!!!!!
[2.bp.blogspot.com image 850x458]

Login: HenryFnord (UltraFark) [TotalFark]
Fark account number: 52919
Account created: 2002-09-04 14:08:32
Submitted links approved: 199

I don't know. Maybe that's 200 Canadian greenlights.


I was at 200. I had a roll back on the Walking Dead thread after I posted. Meh. I get to claim 200 twice.
 
2012-10-17 02:45:31 PM  

Rapmaster2000: seadoo2006:

Prospects are up, sales are up, closings are up ... Our company has hired 8 new people (for a total of 25 employees now) in the last 6 months to keep up with accelerating demand.

Totally false. Everyone knows excess money supply creates jobs and not demand. Let me put it this way. You have a business that makes $1M a year and you have two employees. Now, if I give you more money then you're going to hire more employees because you have more money.

It's what scholarly economists at the American Enterprise Institute call Job Creator Economics. That's how you create jobs. I want to create jobs and get this country moving forward again.


Yep, it's the GOP fantasy about how hiring actually works. I can guarantee you that no tax increase or decrease ever dictates on how many people we employ. Demand and workload are the ONLY two factors we use to determine our staffing.

FWIW, I'm part-owner of this company, so does that make me one of the "job-creators" Romney & Co. keep babbling on about? Because, if so, can someone please tell him to STFU about us "job-creators" and to sit the fark back down.
 
2012-10-17 02:46:42 PM  
but...but...but... the past four years...
 
2012-10-17 02:49:45 PM  

HenryFnord: Hot Carl To Go: HenryFnord: Wheee greenlight 200. Arbitrary number goal goodness! Free cake and punch for everyone! Wheee!!!!!
[2.bp.blogspot.com image 850x458]

Login: HenryFnord (UltraFark) [TotalFark]
Fark account number: 52919
Account created: 2002-09-04 14:08:32
Submitted links approved: 199

I don't know. Maybe that's 200 Canadian greenlights.

I was at 200. I had a roll back on the Walking Dead thread after I posted. Meh. I get to claim 200 twice.


A zombie 200th greenlight celebration that has risen from the dead? Should we panic?
 
2012-10-17 02:50:43 PM  

Dixie_Wrecked: WOW just like that and magically in less than a month is the election. The numbers just don't lie I guess.

/I see I was already beat


You're a blithering idiot ... the writing has been on the wall all year if you'd just bother to open your god damned eyes every once in a while. Honestly, isn't that type of willful ignorance exhausting after a while? Sheesh ...

(2.16.2012) Jobless claims down, housing starts up

(3.23.12) New home sales up 11.4 percent over February 2011

(7.18.2012) The Commerce Department said on Wednesday that housing starts rose 6.9 percent last month, to a seasonally adjusted annual rate of 760,000 units - the highest rate since October 2008.

(9.19.2012) - Housing Starts Up 2.3 Percent in August
 
2012-10-17 02:51:20 PM  
Henry Fnord gets 200, I get Zero. *sniff*
 
2012-10-17 02:51:22 PM  

seadoo2006: Rapmaster2000: seadoo2006:

Prospects are up, sales are up, closings are up ... Our company has hired 8 new people (for a total of 25 employees now) in the last 6 months to keep up with accelerating demand.

Totally false. Everyone knows excess money supply creates jobs and not demand. Let me put it this way. You have a business that makes $1M a year and you have two employees. Now, if I give you more money then you're going to hire more employees because you have more money.

It's what scholarly economists at the American Enterprise Institute call Job Creator Economics. That's how you create jobs. I want to create jobs and get this country moving forward again.

Yep, it's the GOP fantasy about how hiring actually works. I can guarantee you that no tax increase or decrease ever dictates on how many people we employ. Demand and workload are the ONLY two factors we use to determine our staffing.

FWIW, I'm part-owner of this company, so does that make me one of the "job-creators" Romney & Co. keep babbling on about? Because, if so, can someone please tell him to STFU about us "job-creators" and to sit the fark back down.


I've been enjoying that job-creators meme and the new one "lowered capital gains taxes will help you if you own a mutual fund". Nevermind that if your mutual fund is in a 401k or IRA then you aren't paying capital gains anyway. You pay income tax on withdrawals, so really a capital gains tax cut only helps you if you have investments in a non-tax deferred account.

Basically, it's another FU Regular America.
 
2012-10-17 02:51:58 PM  

tommyl66:

A zombie 200th greenlight celebration that has risen from the dead? Should we panic?


That's funny. I'll eat you last.
 
2012-10-17 02:52:36 PM  

Kit Fister: Henry Fnord gets 200, I get Zero. *sniff*


You can still have cake. I'd avoid the punch. My fist is sore.
 
2012-10-17 02:54:02 PM  
Too bad that Obama sucks so bad at turning the economy around. At least that's what Mittens told me last night. Obama, the socialist Nazi should be ashamed of this news.
 
2012-10-17 02:54:26 PM  

hdhale: ThatGuyFromTheInternet: Republicans, I presume, are about to call this number fake.

Not really. But when you start with shiat figures for 3+ years under Obama, then there's no where to go but up.

I know, I know Bush's fault. How long was he President? I know the history texts say he left office in January 2009, but to hear Obama supporters tell it he's still the President of the Shadow Government that actually runs the country.


No dipshiat, it is just meat heads like you never want to acknowledge how deep the crater the Republican Crash of the economy really was or how badly the Republican Obstruction has hinder the recovery. You keep trying to lay the blame on Obama for this economy when the facts are the stock market has recovered, we have had 31 months of positive job growth and positive GDP growth.

Sure the economy still sucks, but not because of Obama it sucks because Republican policies are wrong, they are wrong for the economy, wrong for the middle class and poor, and just plan retarded.
 
2012-10-17 02:56:06 PM  

JackieRabbit: Too bad that Obama sucks so bad at turning the economy around. At least that's what Mittens told me last night. Obama, the socialist Nazi should be ashamed of this news.


Actually, Obama is trying to destroy the economy because he hates capitalism. This is just more evidence of his incompetence.
 
2012-10-17 02:57:17 PM  

hdhale: I know, I know Bush's fault. How long was he President? I know the history texts say he left office in January 2009, but to hear Obama supporters tell it he's still the President of the Shadow Government that actually runs the country.


Nah, that's just the lie that Bush voters tell themselves to forget they were the fark ups who voted in the 2010 GOP House as well as all the blood on their hands for 9/11 electing their Saudi oil president.
 
2012-10-17 02:57:37 PM  
Wait a minute, that doesn't count all the houses who have stopped looking for occupants.
 
2012-10-17 02:59:36 PM  
 
2012-10-17 03:03:26 PM  

SpocksEars: Wait a minute, that doesn't count all the houses who have stopped looking for occupants.


LOL!!!!
 
2012-10-17 03:03:43 PM  
Here in NYC rents are through the roof.

Sales prices are up, not to their highest, but still stronger than they've been in the past 4 years.
 
2012-10-17 03:04:41 PM  

HenryFnord: tommyl66:

A zombie 200th greenlight celebration that has risen from the dead? Should we panic?

That's funny. I'll eat you last.


I look forward to being the wafer-thin mint to your Mr. Creosote. Or something.
 
2012-10-17 03:06:49 PM  
Looks like I sold and bought a house at a good time. Got a steal on it.
 
2012-10-17 03:12:51 PM  

Rapmaster2000: seadoo2006: Rapmaster2000: seadoo2006:

Prospects are up, sales are up, closings are up ... Our company has hired 8 new people (for a total of 25 employees now) in the last 6 months to keep up with accelerating demand.

Totally false. Everyone knows excess money supply creates jobs and not demand. Let me put it this way. You have a business that makes $1M a year and you have two employees. Now, if I give you more money then you're going to hire more employees because you have more money.

It's what scholarly economists at the American Enterprise Institute call Job Creator Economics. That's how you create jobs. I want to create jobs and get this country moving forward again.

Yep, it's the GOP fantasy about how hiring actually works. I can guarantee you that no tax increase or decrease ever dictates on how many people we employ. Demand and workload are the ONLY two factors we use to determine our staffing.

FWIW, I'm part-owner of this company, so does that make me one of the "job-creators" Romney & Co. keep babbling on about? Because, if so, can someone please tell him to STFU about us "job-creators" and to sit the fark back down.

I've been enjoying that job-creators meme and the new one "lowered capital gains taxes will help you if you own a mutual fund". Nevermind that if your mutual fund is in a 401k or IRA then you aren't paying capital gains anyway. You pay income tax on withdrawals, so really a capital gains tax cut only helps you if you have investments in a non-tax deferred account.

Basically, it's another FU Regular America.


Not sure what is preventing you from investing in stocks, bonds, money markets, mutual funds, or anything of the sort to take advantage of lower capital gains taxes? Instead of hating on the rich perhaps you should take on habits of the rich and someday get there yourself?

Plus 401Ks and IRAs benefit from lower capital gains because they themselves are vehicles for investment. The point of those beyond just a regular savings account is to grow your money while you're saving up for retirement. Any capital gains profits made will benefit from lower capital gains taxes.
 
2012-10-17 03:13:42 PM  

seadoo2006: Rapmaster2000: seadoo2006:

Prospects are up, sales are up, closings are up ... Our company has hired 8 new people (for a total of 25 employees now) in the last 6 months to keep up with accelerating demand.

Totally false. Everyone knows excess money supply creates jobs and not demand. Let me put it this way. You have a business that makes $1M a year and you have two employees. Now, if I give you more money then you're going to hire more employees because you have more money.

It's what scholarly economists at the American Enterprise Institute call Job Creator Economics. That's how you create jobs. I want to create jobs and get this country moving forward again.

Yep, it's the GOP fantasy about how hiring actually works. I can guarantee you that no tax increase or decrease ever dictates on how many people we employ. Demand and workload are the ONLY two factors we use to determine our staffing.

FWIW, I'm part-owner of this company, so does that make me one of the "job-creators" Romney & Co. keep babbling on about? Because, if so, can someone please tell him to STFU about us "job-creators" and to sit the fark back down.


I take it you don't handle any of payroll, local, state, or quarterly federal tax filings do you?
 
2012-10-17 03:15:12 PM  

seadoo2006: Dixie_Wrecked: WOW just like that and magically in less than a month is the election. The numbers just don't lie I guess.

/I see I was already beat

You're a blithering idiot ... the writing has been on the wall all year if you'd just bother to open your god damned eyes every once in a while. Honestly, isn't that type of willful ignorance exhausting after a while? Sheesh ...

(2.16.2012) Jobless claims down, housing starts up

(3.23.12) New home sales up 11.4 percent over February 2011

(7.18.2012) The Commerce Department said on Wednesday that housing starts rose 6.9 percent last month, to a seasonally adjusted annual rate of 760,000 units - the highest rate since October 2008.

(9.19.2012) - Housing Starts Up 2.3 Percent in August


Record number of Americans now on Food Stamps

Record number of Americans now on disability

For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force

GAO: Obama Green Jobs a failure
 
2012-10-17 03:21:26 PM  

Elroydb: Rapmaster2000: seadoo2006: Rapmaster2000: seadoo2006:

Prospects are up, sales are up, closings are up ... Our company has hired 8 new people (for a total of 25 employees now) in the last 6 months to keep up with accelerating demand.

Totally false. Everyone knows excess money supply creates jobs and not demand. Let me put it this way. You have a business that makes $1M a year and you have two employees. Now, if I give you more money then you're going to hire more employees because you have more money.

It's what scholarly economists at the American Enterprise Institute call Job Creator Economics. That's how you create jobs. I want to create jobs and get this country moving forward again.

Yep, it's the GOP fantasy about how hiring actually works. I can guarantee you that no tax increase or decrease ever dictates on how many people we employ. Demand and workload are the ONLY two factors we use to determine our staffing.

FWIW, I'm part-owner of this company, so does that make me one of the "job-creators" Romney & Co. keep babbling on about? Because, if so, can someone please tell him to STFU about us "job-creators" and to sit the fark back down.

I've been enjoying that job-creators meme and the new one "lowered capital gains taxes will help you if you own a mutual fund". Nevermind that if your mutual fund is in a 401k or IRA then you aren't paying capital gains anyway. You pay income tax on withdrawals, so really a capital gains tax cut only helps you if you have investments in a non-tax deferred account.

Basically, it's another FU Regular America.


Not sure what is preventing you from investing in stocks, bonds, money markets, mutual funds, or anything of the sort to take advantage of lower capital gains taxes? Instead of hating on the rich perhaps you should take on habits of the rich and someday get there yourself?

Plus 401Ks and IRAs benefit from lower capital gains because they themselves are vehicles for investment. The point of those beyond just ...


You sound young and impressionable.
 
2012-10-17 03:22:29 PM  
Hooray! New houses. Because we just don't have enough empty ones around for sale.
 
2012-10-17 03:26:56 PM  

hdhale: ThatGuyFromTheInternet: Republicans, I presume, are about to call this number fake.

Not really. But when you start with shiat figures for 3+ years under Obama, then there's no where to go but up.


It's great that we are getting some positive news on the economy. Unemployment numbers are down. Housing industry is on the rise. Great news.

And just happens to be less then 2 months away from the election.

Yep, great news.

Pay no attention to the man behind the curtains.
 
2012-10-17 03:27:00 PM  

BAMFinator: Looks like I sold and bought a house at a good time. Got a steal on it.


Right you are. The last few years have been good for those who were in a good position to buy. Two years ago, I bought for $200K, a foreclosure that had a $379K principle balance when the action was taken. The house isn't worth $379K, but it is worth $260K using current valuation.
 
2012-10-17 03:30:11 PM  

Elroydb:

Not sure what is preventing you from investing in stocks, bonds, money markets, mutual funds, or anything of the sort to take advantage of lower capital gains taxes? Instead of hating on the rich perhaps you should take on habits of the rich and someday get there yourself?


I'm not stupid enough to take this lousy bait. Try your class envy schtick over to USAToday.
 
2012-10-17 03:31:47 PM  

hasty ambush: seadoo2006: Dixie_Wrecked: WOW just like that and magically in less than a month is the election. The numbers just don't lie I guess.

/I see I was already beat

You're a blithering idiot ... the writing has been on the wall all year if you'd just bother to open your god damned eyes every once in a while. Honestly, isn't that type of willful ignorance exhausting after a while? Sheesh ...

(2.16.2012) Jobless claims down, housing starts up

(3.23.12) New home sales up 11.4 percent over February 2011

(7.18.2012) The Commerce Department said on Wednesday that housing starts rose 6.9 percent last month, to a seasonally adjusted annual rate of 760,000 units - the highest rate since October 2008.

(9.19.2012) - Housing Starts Up 2.3 Percent in August

Record number of Americans now on Food Stamps

Record number of Americans now on disability

For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force

GAO: Obama Green Jobs a failure


So your blaming Obama for people claiming disability? Did he go door to door with a baseball bat and start breaking legs?
 
2012-10-17 03:39:59 PM  

dennysgod: hasty ambush: seadoo2006: Dixie_Wrecked: WOW just like that and magically in less than a month is the election. The numbers just don't lie I guess.

/I see I was already beat

You're a blithering idiot ... the writing has been on the wall all year if you'd just bother to open your god damned eyes every once in a while. Honestly, isn't that type of willful ignorance exhausting after a while? Sheesh ...

(2.16.2012) Jobless claims down, housing starts up

(3.23.12) New home sales up 11.4 percent over February 2011

(7.18.2012) The Commerce Department said on Wednesday that housing starts rose 6.9 percent last month, to a seasonally adjusted annual rate of 760,000 units - the highest rate since October 2008.

(9.19.2012) - Housing Starts Up 2.3 Percent in August

Record number of Americans now on Food Stamps

Record number of Americans now on disability

For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force

GAO: Obama Green Jobs a failure

So your blaming Obama for people claiming disability? Did he go door to door with a baseball bat and start breaking legs?


He's bad ass that way. Don't piss off the Obama.
 
2012-10-17 03:42:29 PM  
Rapmaster2000:Totally false. Everyone knows excess money supply creates jobs and not demand. Let me put it this way. You have a business that makes $1M a year and you have two employees. Now, if I give you more money then you're going to hire more employees because you have more money.

It's what scholarly economists at the American Enterprise Institute call Job Creator Economics. That's how you create jobs. I want to create jobs and get this country moving forward again.


This may very well be the single dumbest utterance in all of recorded and unrecorded human history.
 
2012-10-17 03:45:05 PM  

bartink: This is actually great news. Its the missing piece of our economic recovery. If housing gets going again, we are on a roll.


Precisely. If there's one thing that we've learned over the past decade, it's that the best way to create a sustainable recovery during an economic downturn is by inflating a bubble in real estate.
 
2012-10-17 03:45:11 PM  

Rapmaster2000: Elroydb:

Not sure what is preventing you from investing in stocks, bonds, money markets, mutual funds, or anything of the sort to take advantage of lower capital gains taxes? Instead of hating on the rich perhaps you should take on habits of the rich and someday get there yourself?

I'm not stupid enough to take this lousy bait. Try your class envy schtick over to USAToday.


Not to mention that a lot of "rich people" who "took on the habits" are now completely broke because they got sucked into a fool's game. Besides, the "rich people" biatch constantly about those evil, exorbitant capital gains taxes that they should above paying. Taxes are for plebeians, dontcha know.
 
2012-10-17 03:46:19 PM  

HenryFnord: Waxing_Chewbacca:
I'll have a small slice of cake... Little bigger. There you go. Thanks.

Good call. The other choice was 'Death'


Jesus... That was close. So... The punch is hemlock?
 
2012-10-17 03:54:48 PM  

Koalacaust: bartink: This is actually great news. Its the missing piece of our economic recovery. If housing gets going again, we are on a roll.

Precisely. If there's one thing that we've learned over the past decade, it's that the best way to create a sustainable recovery during an economic downturn is by inflating a bubble in real estate.


Trolly, but not very good. Prices for existing homes have recovered to some degree, but there certainly isn't another bubble forming. And housing starts have nothing to do with existing home prices. They are two completely different economic indicators for the sector. If you understood this, you'd also understand that the bubble and eventual collapse in the housing sector was due do bad lending practices by banks, not by the housing industry itself. It was just meeting consumer demand.
 
2012-10-17 03:54:55 PM  

dennysgod:
So your blaming Obama for people claiming disability? Did he go door to door with a baseball bat and start breaking legs?


That's the Chicago way
 
2012-10-17 03:59:28 PM  

JackieRabbit: Rapmaster2000: Elroydb:

Not sure what is preventing you from investing in stocks, bonds, money markets, mutual funds, or anything of the sort to take advantage of lower capital gains taxes? Instead of hating on the rich perhaps you should take on habits of the rich and someday get there yourself?

I'm not stupid enough to take this lousy bait. Try your class envy schtick over to USAToday.

Not to mention that a lot of "rich people" who "took on the habits" are now completely broke because they got sucked into a fool's game. Besides, the "rich people" biatch constantly about those evil, exorbitant capital gains taxes that they should above paying. Taxes are for plebeians, dontcha know.


I had people in 2006 that I respected and thought were intelligent, trying to get me into real estate speculation with this condescending meme of "Do you know what leverage is? It's what all the smart, rich people use to get richer."

And leverage can be a way to make money, but only in the right environment. It's not a simple tool. The emotional trap of money turns bright people into easy marks.
 
2012-10-17 04:12:09 PM  
You didn't build that!
 
2012-10-17 04:19:54 PM  
The development where I live have been going like gangbusters in the last 6-8 months. Townhouses are going up like weeds - 1,900 sqft units w/2 car garage, starting in the high $400k's. Homes put on sale in the area end up in the center of bidding wars among buyers, and sometimes are sold within 1-2 days of listing. A development near the local golf course just opened a new phase, 5 bedroom homes starting in the $800k's. Yes, you read that right, almost a million dollars! Who's buying these houses I would like to know.
 
2012-10-17 04:44:51 PM  
Is this just a symptom of trickle down stimulus or actual growth?
 
2012-10-17 04:51:45 PM  

JackieRabbit: BAMFinator: Looks like I sold and bought a house at a good time. Got a steal on it.

Right you are. The last few years have been good for those who were in a good position to buy. Two years ago, I bought for $200K, a foreclosure that had a $379K principle balance when the action was taken. The house isn't worth $379K, but it is worth $260K using current valuation.


Right you are. we kept our old house to rent out and bought a house we really loved at a great bargain. We plan on sticking around this place for a long time.
 
2012-10-17 07:55:40 PM  

Elroydb: seadoo2006: Rapmaster2000: seadoo2006:

Prospects are up, sales are up, closings are up ... Our company has hired 8 new people (for a total of 25 employees now) in the last 6 months to keep up with accelerating demand.

Totally false. Everyone knows excess money supply creates jobs and not demand. Let me put it this way. You have a business that makes $1M a year and you have two employees. Now, if I give you more money then you're going to hire more employees because you have more money.

It's what scholarly economists at the American Enterprise Institute call Job Creator Economics. That's how you create jobs. I want to create jobs and get this country moving forward again.

Yep, it's the GOP fantasy about how hiring actually works. I can guarantee you that no tax increase or decrease ever dictates on how many people we employ. Demand and workload are the ONLY two factors we use to determine our staffing.

FWIW, I'm part-owner of this company, so does that make me one of the "job-creators" Romney & Co. keep babbling on about? Because, if so, can someone please tell him to STFU about us "job-creators" and to sit the fark back down.

I take it you don't handle any of payroll, local, state, or quarterly federal tax filings do you?


Actually, I do ... and it's a large reason on why we are a 100% profit-sharing company. Rather than pay corporate taxes on our profits, we pay it all out in payroll at the end of the year. Do our employees pay a little more on their payroll taxes because of this? Sure, but when you hand someone a check for $50,000, I don't think they care that the check really is for $38,000 ... at the end of the day, they get $38k for a Christmas bonus.

We also take company vacations (paid entirely by our company). This year, we're going to an all-inclusive resort in Cancun for 7 days. Last year we went on a 7-day cruise of the Caribbean. The year before that we did a 10-day trip to Puerto Rico. See, as a business expense, it's not taxed, further reducing our liabilities.

The funniest part though is you actually think we make decisions to hire based on taxes. You are sorely mistaken. We hire when we need a blow off valve for our workloads. If we're too busy and we start working 50-60 hour weeks, we hire to reduce what we need to do. Taxes aren't even a passing thought. The productivity of any new hire directly increases or decreases our bottom line, not taxes.
 
2012-10-17 09:29:14 PM  

SuperT: I'm buying a house built in 1888. You couldn't get me to buy a house built in the last 20 years.


Are you getting those newfangled electric candles and indoor plumbing?
 
2012-10-18 12:52:41 AM  

Elroydb:
Not sure what is preventing you from investing in stocks, bonds, money markets, mutual funds, or anything of the sort to take advantage of lower capital gains taxes? Instead of hating on the rich perhaps you should take on habits of the rich and someday get there yourself?


Maybe it's because us regular folks out here in amurrica believe that if you're going to get rich, you should do it through work. You work hard, you get rich, all is well. That's why you don't hear griping about Bill Gates, or Richard Branson or any one of the millionaires and billionaires that made their moolah by working for it.

Mitt Rmoney on the other hand... well... let's just say that people like him who were born rich (his father worked for his money, Mitt just popped out of the right pussy) are not as highly regarded. If someone hands you a chunk of cash, and you "invest" it (with help from your wall street buddies), and "make" even more money from it, what is to be admired about that? You sat on your ass and did... NOTHING. Absofarkinglutely NOTHING.

"Buh-buh-but they took RISKS!!!" Please... they didn't risk anything they couldn't stand to lose, like any good gambler. There's a difference between the ditch-digger who owns his own construction company 40 years later, and the rich bastard who wastes the very air they breathe profiting from the mutual funds daddy gave them while sitting on their yacht all day doing nothing.
 
2012-10-18 05:20:35 AM  

flynn80: Is this just a symptom of trickle down stimulus or actual growth?


This wouldn't qualify as "trickle-down" in my eyes, mainly because the "evil Fed" is buying up these mortage-backed securities to help drive costs for homeowners down.

They need to take a step further and prevent people from buying and flipping these houses. That won't drive any real economic growth, they'll lead to another housing bubble.
 
2012-10-18 09:21:47 AM  

efgeise: flynn80: Is this just a symptom of trickle down stimulus or actual growth?

This wouldn't qualify as "trickle-down" in my eyes, mainly because the "evil Fed" is buying up these mortage-backed securities to help drive costs for homeowners down.

They need to take a step further and prevent people from buying and flipping these houses. That won't drive any real economic growth, they'll lead to another housing bubble.


I don't know how though ... we're getting slammed with low comps on our mortgage appraisals. Hell, some of them have come back lower than what we can build homes for - AT OUR COST. So, I think as long as mortgage appraisers are kept with their hands to the fire, runaway home values can be stopped. Unfortunately, this does not prevent cash sale bubbling, but that wouldn't affect the banks as much anyways.
 
2012-10-18 09:47:38 AM  

seadoo2006: efgeise: flynn80: Is this just a symptom of trickle down stimulus or actual growth?

This wouldn't qualify as "trickle-down" in my eyes, mainly because the "evil Fed" is buying up these mortage-backed securities to help drive costs for homeowners down.

They need to take a step further and prevent people from buying and flipping these houses. That won't drive any real economic growth, they'll lead to another housing bubble.

I don't know how though ... we're getting slammed with low comps on our mortgage appraisals. Hell, some of them have come back lower than what we can build homes for - AT OUR COST. So, I think as long as mortgage appraisers are kept with their hands to the fire, runaway home values can be stopped. Unfortunately, this does not prevent cash sale bubbling, but that wouldn't affect the banks as much anyways.


Unfortunately there are some people who like nothing more than for the madness of the mid 200's to return. They see that period as a time of economic growth (with housing as it's lynchpin) rather than the recipe for disaster we now know it is. When the greed kicks in, mortgage appraisers will not have their "hands to the fire", they will have those hands out just like they did last time, getting paid to push values ever higher.

Add to that the chunk of the population who stupidly bought houses in that mid 00s time frame thinking "real estate will never go down" and who would give anything to see prices return to where they were back then and beyond, and we have the makings of a second potential financial tsunami.

Morons don't learn. Ever. That's why they're morons
 
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