No, I want the fed to allow the market to work, which will disincentivize

Jul 18, 2021
2:18:47pm

Backcountry Intervention Needed

Large companies from getting into the single family home game. Cheap debt and inflation expectations are the culprut. And both of those things are created by the central planners in DC.

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Backcountry

Previous username: The Lone Wolf
New username: Simple Jack
Bio page: Backcountry
Joined: Sep 6, 2008
Last login: Aug 8, 2023
Total posts: 0 (0 FO)

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Messages

Author

Time

We need legislation limiting single family homes to purchasers who are

CarolinaCoug

7/18/21 1:16pm

No. We just need to build more houses

YIsForBrigham

7/18/21 1:17pm

Pretty sure a lot of areas are running out of space to do that.

RockyTopCougar

7/18/21 1:23pm

Great. Let’s build more houses in the other areas that can support them and move jobs there

YIsForBrigham

7/18/21 1:26pm

Allow for greater density.

ReyOso

7/18/21 2:06pm

That's the only feasible fix.

Belboz

7/18/21 1:29pm

No i just gave ano5her.

CarolinaCoug

7/18/21 1:36pm

No we don’t.

CrimWalCoug

7/18/21 1:17pm

It cant

CarolinaCoug

7/18/21 1:31pm

The problem is the federal government and federal reserve. Once again idiots in

Backcountry

7/18/21 1:38pm

I'm happy to hate the investors as well.

Shore10

7/18/21 3:12pm

Why?

Backcountry

7/18/21 3:15pm

Because they borrow from the FED at lower interest rates, then...

Shore10

7/18/21 3:19pm

They arent scumbags. They are trying to earn a living like you and I.

Backcountry

7/18/21 4:39pm

Don't hate them. Hate the Fed and the Government for bailing them out.

crack

7/18/21 6:33pm

You are happy to hate single income mom and pop investors? Very weird

YIsForBrigham

7/18/21 6:27pm

Oh man yeah. That's who I'm hating. Great assessment.

Shore10

7/18/21 7:54pm

We could have prevented most of the last two bubbles if the government hadn't

crack

7/18/21 1:18pm

Who broke the law?

Tokolosh

7/18/21 1:51pm

There was plenty of fraud going on with the MBSs that were being packaged and

crack

7/18/21 1:57pm

A fair proposal in all of this is municipalities requiring new developments

BlackBart

7/18/21 1:20pm

Or let the market work. More government is not the answer here.

Backcountry

7/18/21 1:39pm

The markets cant work because its rigged/weighted unevenly already

CarolinaCoug

7/18/21 1:44pm

Agree. So the answer is more manipulation? Insane.

Backcountry

7/18/21 1:47pm

A 100% “free” market allows people to sell their kidneys or themselves into

valleus

7/18/21 1:51pm

What in the world are you talking about, Tex? Selling kidneys? I think you are

Backcountry

7/18/21 1:52pm

You’re promoting a free unregulated market. Completely free, unregulated markets

valleus

7/18/21 1:55pm

Lol. You are claiming im advocating for an open organ market? Dude, are you ok?

Backcountry

7/18/21 1:56pm

Lol… maybe one of the most emotionally driven irrational posts on CB in a while.

kotacoug

7/18/21 3:14pm

Im assuming hes doing some day drinking.

Backcountry

7/18/21 3:16pm

Ever heard of the Fair Housing Act?

ugo1st

7/18/21 1:59pm

I'd be in favor of enforcing existing rules like residential zoning being for

wabluecoug

7/18/21 1:21pm

Can restrict the high # of long term rentals while we're at it

WorfoSAUR

7/18/21 1:25pm

You really want a housing shortage? A good way to do that is to disincentivize

Backcountry

7/18/21 1:40pm

From what I understand it was changes made by the Obama administration in 2012

Charles Darwin

7/18/21 1:21pm

Companies couldn’t own real estate before that?

bruincoug

7/18/21 1:40pm

Incentivized it

Charles Darwin

7/18/21 1:56pm

But aren’t you glad you got your stimmy and low interest rates? Free money isn’t

CougieMcCougFace

7/18/21 1:23pm

Exactly

kotacoug

7/18/21 1:24pm

Bingo. And dont about these idiotic interest rates.

Backcountry

7/18/21 1:41pm

We just need a free market without stupid

kotacoug

7/18/21 1:24pm

I thought this was going to end with "stupid government intervention" which I

crack

7/18/21 1:26pm

We don't have a free market that why large corporations can do that

CarolinaCoug

7/18/21 1:39pm

So your answer to not having a free market is to make it less free with more

crack

7/18/21 1:42pm

Large corps can do that PRECISELY BECAUSE it is a free market.

All-American

7/18/21 1:55pm

Incorrect, sir

Backcountry

7/18/21 1:59pm

You want to restrict voluntary transactions. That’s less free.

All-American

7/18/21 2:09pm

No, I want the fed to allow the market to work, which will disincentivize

Backcountry

7/18/21 2:18pm

So you want to make it easier for borrowers by making debt more expensive.

All-American

7/18/21 2:24pm

Are you saying you want to make it easier for big investors by keep rates

Backcountry

7/18/21 2:33pm

No, I want to make it easier for little investors by keeping rates low.

All-American

7/18/21 2:43pm

Thats part of it, absolutely.

Backcountry

7/18/21 2:46pm

The inventory is not accurate.

Shore10

7/18/21 3:23pm

Of course it’s accurate.

All-American

7/18/21 3:42pm

Exactly.

kotacoug

7/18/21 2:30pm

Pretty sure if you support free market it doesn’t necessarily mean….

RockyTopCougar

7/18/21 2:02pm

Pretty sure that is a non sequitur.

All-American

7/18/21 2:04pm

Amen. The fed reserve and the chimps in DC are the enemy here.

Backcountry

7/18/21 1:41pm

That’s a reaction to a problem that’d go away if we cured some different issues that come earlier in the chronology

JollyGreenGiant

7/18/21 1:25pm

Qhat? What came that is allowing large rental compani2s to

CarolinaCoug

7/18/21 1:34pm

Nobody is overpaying. They are capitalizing on artificially low interest

Backcountry

7/18/21 1:44pm

Where should individuals who are also trying to hedge against inflation invest?

Shore10

7/18/21 3:16pm

Build your own investment company? Compete with other investment companies?

kotacoug

7/18/21 4:25pm

No, we dont comrade. That is dangerous and nonsensical.

Backcountry

7/18/21 1:36pm

This is what I hate.

Shore10

7/18/21 3:33pm

This is chrony capitalism. The answer is a true free market. Your blame is

Backcountry

7/18/21 4:41pm

Agreed that the FED is causing this.

Shore10

7/18/21 4:49pm

#endthefed

Backcountry

7/18/21 5:22pm

I'll PODT this tomorrow. I already used mine up for the day.

Shore10

7/18/21 5:27pm

Disagree, strongly. What we need is to build more homes.

All-American

7/18/21 1:42pm

Here’s the thing. I don’t trust any govt to do anything well.

maxpowers

7/18/21 1:43pm

This one is on the constituents not the pols. The pols are simply giving the people what they demand.

HarlemCoug

7/18/21 1:46pm

RE: Here’s the thing. I don’t trust any govt to do anything well.

(Private)

7/18/21 3:17pm

You've identified a problem but misunderstand the cause. Corps aren't the problem, people who get in the way of building

HarlemCoug

7/18/21 1:45pm

By the way, corporations are not offering above market value.

All-American

7/18/21 1:46pm

The fed needs to taper, now. Not in 22 or 23, but now. And DC needs to stop

Backcountry

7/18/21 1:47pm

I sometimes wonder if there has been any business advancement since the

crack

7/18/21 1:49pm

Did you type this on an iPhone?

All-American

7/18/21 1:53pm

Huh? No.

crack

7/18/21 1:56pm

I think this is why 1/4 of conpanies are considered "zombies" right now

Backcountry

7/18/21 1:54pm

And then what happens is we get worried about “low growth”…. so we keep interest rates low….

JollyGreenGiant

7/18/21 1:57pm

This is the big key, IMO. They need to taper now and normalize rates and policy.

Spindash

7/18/21 2:01pm

Amen

Backcountry

7/18/21 2:03pm

100% agree. But they always get the bailout & govt always spends for votes.

Shore10

7/18/21 4:54pm

I agree with you 100% there

Backcountry

7/18/21 5:22pm

Severely limit foreign buyers as well.

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