Get Ready for another Housing crash thanks to Democrats

[Poor Richard Saunders]

Assumption of victory fallacy. Buzzword fallacies. Insult fallacies. Trolling.

Fallacy fallacy. The fallacy fallacy occurs when the poster simply claims the other person is committing a fallacy in order to avoid addressing the argument and without explaining how the supposed fallacy they are claiming occurred.

 

[Poor Richard Saunders]

Actually, Carter fucked it up, Clinton fucked it up more, and Bush Jr fucked it up worse.
Reagan did remove some of Carter's damage, but Bush Sr. never touched it.

Special pleading fallacy. Cherry picking fallacy.

(trolling is fun. No wonder you do it all the time.)

 

[Into the Night]

That is not what relieving a housing supply shortage does. It allows people who can afford to buy a house to buy a house where they are most economically efficient. It also allows people to rent where they are most economically efficient.

Define 'most economically efficient'. Buzzword fallacy.

 

[Into the Night]

Not at all, you don't know the first thing about the CRA.

The CRA had nothing to do with non-CRA lenders handing out risky loans.

Everything you are saying is wrong.

Pivot fallacy. Trolling.

 

[LV426]

Pivot fallacy. Trolling.

Fallacy fallacy...which is a fallacy where someone accuses someone else of using a fallacy to avoid answering for their beliefs and positions in a debate.

 

[Concart]

As with anything, whether $200k is or is not a small fortune is a matter of perspective. Owing $200k on $2.2 million is really quite low.

If there really is high inflation, as you have claimed, then borrowing as much as we can at 4% is a very good idea. While the amount we owe increases at 4% a year, the amount in inflation adjusted dollars would decrease rapidly. But, I do not believe these claims as probably high inflation.

I paid off my entire mortgage, and now regret it. Having a low interest mortgage would have probably been smarter.

Anyone who pays off or pays down a mortgage that's under 4% is a fool. You will get a far greater return by investing that money. Not surprised that Sheriff Woody has no clue about finance.

 

[Into the Night]

No, it was caused by a dramatic weakening of underwriting standards for subprime loans, beginning in 2004 and extending through 2007.

Argument by repetition fallacy. Trolling.

 

[LV426]

Argument by repetition fallacy. Trolling.

Fallacy fallacy...which is a fallacy where someone accuses someone else of using a fallacy to avoid answering for their beliefs and positions in a debate.

 

[Into the Night]

Bush announced an ownership society and let the free market proceed to bundle debt, write undocumented shit loans with little down and yuge balloons, fraudulently rate the assets, so hedge funds
and banks were holding a bag of shit with millions of people in homes they couldn't pay for. So the market tanked. Tons of Bush era blame to go around. But it was Bush's economy.

Obama fixed that.

Obama didn't fix a damn thing. He extended the problem by attempting to mitigate the crash through massive printing of money.

 

[Into the Night]

Do you purchase your properties all cash?

Yes.

 

[Into the Night]

but that is not what happens, poor money manager create headaches for everyone

?? He has not even defined 'economically efficient' yet!

 

[Into the Night]

Fallacy fallacy. The fallacy fallacy occurs when the poster simply claims the other person is committing a fallacy in order to avoid addressing the argument and without explaining how the supposed fallacy they are claiming occurred.

Mockery. Denial of logic. Trolling.

 

[Into the Night]

Special pleading fallacy. Cherry picking fallacy.

(trolling is fun. No wonder you do it all the time.)

Mockery. Denial of logic. Inversion fallacy. Trolling.

 

[Concart]

Politicizing the financial crisis of 2008 demonstrates complete ignorance of what happened. Investment banks purchased garbage MBS's and credit agencies enabled them to continue to do so. The investment banks were insanely over-leveraged when those instruments started tanking. If those investment banks were not owned by commercial banks, the damage would have been contained. But thanks to the repeal of Glass-Steagall, many of those banks WERE owned by commercial banks. We were lucky that a run never took place. The entire financial system would have collapsed.

 

[Into the Night]

Fallacy fallacy...which is a fallacy where someone accuses someone else of using a fallacy to avoid answering for their beliefs and positions in a debate.

Not a fallacy fallacy. Denial of logic. Mockery. RQAA. Trolling.

 

[SmarterthanYou]

haven't lived in one for 40 years now, hope your box in the park works out

my house is working out beautifully in this market. managed to buy it for 5k under appraised value. thanks.

 

[LV426]

my house is working out beautifully in this market. managed to buy it for 5k under appraised value. thanks.

Mine too...bought in 2016 and just re-financed at 48% above the sale price. Housing market is insane in Atlanta.

 

[Walt]

but that is not what happens, poor money manager create headaches for everyone

What is happening is we are having a housing shortage in America, because of intergenerational warfare. People who have houses are actively trying to stop the building of new houses. This is making it difficult for young productive people to live close to the most productive jobs. It is choking our economy.

How much longer do you think this can happen before everything collapses?

 

[Walt]

Define 'most economically efficient'.

Highest economic productivity. In capitalist economies, it usually is the highest money making opportunity.

 

[Walt]

Anyone who pays off or pays down a mortgage that's under 4% is a fool. You will get a far greater return by investing that money.

You are VERY correct.

I should have just refinanced to under 4%, and left it at that. I have this multi-generation fear of debt, which I foolishly have not gotten over.