conarb
Registered User
Why do we need "affordable housing"? We have an oversupply of housing caused by the government propping up prices by tax benefits and guaranteeing/subsidizing mortgages.
I follow an appraisers forum on a daily basis, in addressing the oversupply of houses a guy came up with an idea to create the economic benefits of war without killing people by destroying part of the housing stock in this country, I don't agree with this, but throw it out for food for thought.
¹ http://appraisersforum.com/showthread.php?p=2027854#post2027854
I follow an appraisers forum on a daily basis, in addressing the oversupply of houses a guy came up with an idea to create the economic benefits of war without killing people by destroying part of the housing stock in this country, I don't agree with this, but throw it out for food for thought.
\ said:IMO, much of deflation is that people don't WANT to buy, over and above that the income levels are not high enough to sustain prices. Why buy a new home if you think it's going to lose value? Buying a new car? Wait or buy a used one. Don't buy that new couch or bed. Get multiple bids for any work and watch the bids drop, with the contractors knowing that price is a major issue now, and can/will put off the work if it's too much, subjectively.
Are they nuts?\ said:Deflation the result of Too much supply.Think of WWII - how much in goods did we ship 3,000 / 5,000 / 10,000 miles,
and then deliberately destroy, or use to destroy other goods and people.
The war created shortages -- meat, grease, steel, leather, sugar, rubber, etc., etc.
.... not to mention a shortage of manpower - women went to work for the war machine, many for the 1st time.
Maybe this time we could just destroy 15-25% of all non-inner-city houses, and say 80% of cars over 10 years old - not declared antique by owners. ((If declared antique, can only drive between 10am and 3pm))
.. instead if going to war??¹
¹ http://appraisersforum.com/showthread.php?p=2027854#post2027854