tag:blogger.com,1999:blog-1110014885778996459.post5746289715789595329..comments2024-03-28T11:48:09.419-07:00Comments on Idiosyncratic Whisk: The Housing Inventory MysteryKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-1110014885778996459.post-172541090221013752017-09-24T06:24:59.744-07:002017-09-24T06:24:59.744-07:00I think you have written about this.
http://www.m...I think you have written about this.<br /><br />http://www.manufacturedhousing.org.php56-9.dfw3-2.websitetestlink.com/wp-content/uploads/2016/11/399temp.pdf<br /><br />Manufactured homes had the stuffings knocked out of them in late 1990s, then kicked while down in 2008. Added up. a lot of units missing… <br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-22216407021716645182017-09-24T06:07:47.732-07:002017-09-24T06:07:47.732-07:00https://seekingalpha.com/article/4108999-heard-rei...https://seekingalpha.com/article/4108999-heard-reits-week-ending-september-22nd-2017<br /><br />if you can open. a nice chart on REITs…apartments, single family doing well…and manufactured homes doing great Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-24534137622013120632017-09-23T20:28:19.163-07:002017-09-23T20:28:19.163-07:00Back on "Why is the fed so tight?"
This...Back on "Why is the fed so tight?"<br /><br />This is actually from a right-winger:<br /><br /> In the 1960s, Harry Johnson, a conservative professor from the University of Chicago, writing in a journal dominated by the conservative perspective of his school, offered a shockingly honest evaluation of the class bias of monetary policy. “From one important point of view, indeed, the avoidance of inflation and the maintenance of full employment can be most usefully regarded as conflicting class interests of the bourgeoisie and the proletariat, respectively, the conflict being resolvable only by the test of relative political power in the society and its resolution involving no reference to an overriding concept of the social welfare.”14<br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-23693042015390827312017-09-22T23:16:45.443-07:002017-09-22T23:16:45.443-07:00Good point.Good point.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-56172741730778070582017-09-22T22:02:57.638-07:002017-09-22T22:02:57.638-07:00Great post.
While I agree that xenophobia is not...Great post. <br /><br />While I agree that xenophobia is not the best route, if the policy is to zone and then credit-rate the middle-class out of many whole metropolitan regions or neighborhoods (remember, within every open city are zones that are closed access) but invite wealthy foreigners in (financed by large trade deficits) then what do we expect some voters to think?<br /><br />Are Hong Kongers actually supposed to greet with open arms the mainlanders who are pricing them out of their homeland? <br /><br />The solution is an end to property zoning, but that does not seem to be in the cards. <br /><br />I cannot blame voters for concluding, "Housing is scarce resource, so why are we so gung-ho on immigration?" <br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-32392723763109499272017-09-22T14:04:52.429-07:002017-09-22T14:04:52.429-07:00My understanding is that the CFPB has cast a prett...My understanding is that the CFPB has cast a pretty wide net regarding implied liabilities on what can be deemed, in hindsight, predatory lending based on ability to pay.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-90782423985665671492017-09-22T13:35:16.186-07:002017-09-22T13:35:16.186-07:00Even if the GSEs "irrationally" tightene...Even if the GSEs "irrationally" tightened standards after they were bailed out that doesn't explain why the private sector wouldn't quickly fill the void to lend to good credits.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-1336349623845381952017-09-22T12:27:46.753-07:002017-09-22T12:27:46.753-07:00Here is a previous post on the matter:
http://idio...Here is a previous post on the matter:<br />http://idiosyncraticwhisk.blogspot.com/2016/10/the-obama-administration-sees-its-own.html<br />There is no way that yields on new mortgage lending from the banks are low. New default rates are negligible. Nobody is defaulting today. Actual returns on those loans have nothing to do with the ability to pay.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-13719278963864142662017-09-22T12:26:53.458-07:002017-09-22T12:26:53.458-07:00This comment has been removed by the author.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-73967792605570968492017-09-22T12:05:53.735-07:002017-09-22T12:05:53.735-07:00What exactly are the policies limiting borrowing a...What exactly are the policies limiting borrowing among domestic buyers? As we've discussed before, I think the limitations are market-based...these individuals are simply not good credits. If anything, our focus should be pushing real wages up...which monetary policy seems to have done the opposite of this cycle.<br /><br />Take for example the attempted disintermediation of banks in lending to low/mid-end consumers. I'm thinking of the various fintechs like lending club. My understanding is that returns have been poor. Banks will only lend to good credits because, more than ever, there is a bifurcation in economic outcomes for the population. The low/mid end simply has poor economic prospects.Anonymousnoreply@blogger.com