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Economics Discuss Housing Starts Jump 15% to Four-Year U.S. High at the Political Forums; Originally Posted by Mikeyy Well given that bankruptcy is down and that foreclosures are down I am going to say ...

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Old 10-19-2012, 02:19 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

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Originally Posted by Mikeyy View Post
Well given that bankruptcy is down and that foreclosures are down I am going to say it's because the economy is picking up.
That's all you've got??? State an obivous fact that is a result and not a cause and hope that it slips by??? C'mon, Mike, what's your theory on what's driving the improvement?? I gave you mine and you belittled it, so how about stepping up to the plate and offering an explanation of your own? Telling us that "bankruptcy is down and that foreclosures are down" is nothing, since it doesn't address why these are happening. Lets get down to your theory about the root cause of the improvement....
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Old 10-19-2012, 02:28 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

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Originally Posted by faithful_servant View Post
That's all you've got??? State an obivous fact that is a result and not a cause and hope that it slips by??? C'mon, Mike, what's your theory on what's driving the improvement?? I gave you mine and you belittled it, so how about stepping up to the plate and offering an explanation of your own? Telling us that "bankruptcy is down and that foreclosures are down" is nothing, since it doesn't address why these are happening. Lets get down to your theory about the root cause of the improvement....
I would say it is due to the improving economy.
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Old 10-19-2012, 02:31 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

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Originally Posted by Mikeyy View Post
I would say it is due to the improving economy.
Yet another avoidance... What is it that is driving this improving economy?? Please try to be specific and avoid generalities....
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Old 10-19-2012, 02:43 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

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Yet another avoidance... What is it that is driving this improving economy?? Please try to be specific and avoid generalities....
Well I think we have found level and are rising. The economy took a hit but when we say economy what we are talking about is spending. I think we had the initial crash followed by a regrouping by families and companies to the new realities. As this happened we hit bottom and have grown more slowly because there hasn't been any temporary boom like we have seen before to help pull us out. Things like the .com industry and the more recent housing boom. We are growing and much slower than we would like.

Geez we had years of people pulling equity dollars out of their homes and spending billions like drunken sailors. Even when money was that loose unemployment was 6.5%. So for us to be even in this shape without that huge piggy bank we were playing with before is stunning.

You want to claim it is because people feel good about Mitt. Maybe people feel good about getting out of two wars.
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Old 10-19-2012, 03:43 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

People are getting tired of living in apartments and they have growing families. Where I live,existing home sales are up and new homes are being built. Also...I read somewhere that over the last 4 years due to hard times,people had not been spending much and focused on paying down their debt. That alone may place them in a better position to purchase or build a home.
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Old 10-19-2012, 03:46 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

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People are getting tired of living in apartments and they have growing families. Where I live,existing home sales are up and new homes are being built. Also...I read somewhere that over the last 4 years due to hard times,people had not been spending much and focused on paying down their debt. That alone may place them in a better position to purchase or build a home.
I see housing being built and I am in California. My home has come up in value.
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Old 10-19-2012, 04:02 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

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Originally Posted by Mikeyy View Post
I see housing being built and I am in California. My home has come up in value.
I've seen the same in Michigan the past few months. I'm also charging substantially more rent for my rental homes and people are happy to pay it. As expected,it took awhile for the economy to begin to stabilize.
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Old 10-25-2012, 05:09 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

More good news today,several more new homes going up near me and Grand Rapids unemployment is at just 6%...
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Old 10-26-2012, 02:55 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

Quote:
Originally Posted by Mikeyy View Post
Well I think we have found level and are rising. The economy took a hit but when we say economy what we are talking about is spending. I think we had the initial crash followed by a regrouping by families and companies to the new realities. As this happened we hit bottom and have grown more slowly because there hasn't been any temporary boom like we have seen before to help pull us out. Things like the .com industry and the more recent housing boom. We are growing and much slower than we would like.

Geez we had years of people pulling equity dollars out of their homes and spending billions like drunken sailors. Even when money was that loose unemployment was 6.5%. So for us to be even in this shape without that huge piggy bank we were playing with before is stunning.

You want to claim it is because people feel good about Mitt. Maybe people feel good about getting out of two wars.
So nothing but generalities??
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Old 10-26-2012, 02:58 PM
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Default Re: Housing Starts Jump 15% to Four-Year U.S. High

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Originally Posted by faithful_servant View Post
So nothing but generalities??
The tax assesment went up on my home. Is that evidence enough. I have to pay more property tax this year. Just got the bill.
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