tag:blogger.com,1999:blog-1110014885778996459.post8795798139563588405..comments2024-03-28T08:45:53.564-07:00Comments on Idiosyncratic Whisk: Housing, A Series: Part 101 - The Effects of Supply vs. The Effects of DemandKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-1110014885778996459.post-60318215862082542752023-04-17T11:45:57.454-07:002023-04-17T11:45:57.454-07:00بفضل قطع القطن الطبيعي المستخدمة في تصنيع الشيش حص... بفضل قطع القطن الطبيعي المستخدمة في تصنيع الشيش حصيرة، تتميز بالنعومة الكبيرة والليونة، مما يجعلها مثالية للاستخدام في الأماكن التي يتم فيها الجلوس لفترة طويلة، و <a href="https://alusolutions.net/ar/aluminum-window-installation-companies/" rel="nofollow">مصانع ابواب المنيوم للبلكونات</a> تقدم منتجات تشعرك بالراحة والرفاهية عندما يكون هناك حاجة إلى الجلوس عليها.<br />CLADING2222https://www.blogger.com/profile/12736101882067160075noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-34280917791075011832023-04-16T11:25:03.597-07:002023-04-16T11:25:03.597-07:00الدوالي هي عبارة عن انتفاخات تظهر على الأوردة في ا...الدوالي هي عبارة عن انتفاخات تظهر على الأوردة في الساقين، وتكون بشكل أسود وأزرق ويتعرض الجلد فوقها للضغط والازدواج. تنتج الدوالي بسبب عدد من العوامل المختلفة، ومنها الوراثة، الجلوس والوقوف لفترات طويلة واستخدام الأحذية غير الملائمة. ومع <a href="https://drmahmoudnasser.com/vascular-doctor/" rel="nofollow">احسن دكتور اوعية دموية</a> الدكتور محمود ناصر كل شئ محلول.<br />CLADING2222https://www.blogger.com/profile/12736101882067160075noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-24611170377187128812022-09-04T10:28:33.361-07:002022-09-04T10:28:33.361-07:00افضل شركة تعقيم وتنظيف حمامات السباحة هي الشركة ال...افضل <a href="https://alrahmaco.com/" rel="nofollow">شركة تعقيم وتنظيف حمامات السباحة</a> هي الشركة التي توفر خدماتها بجودة عالية وعلى ايدي فنيين متخصصين في هذا المجال، تقدم شركة الرحمة لخدمات المسابح خدماتها بالفعل بأعلى جوده وعلى ايدي متخصصين وباقل الاسعار، إذا كنت تبحث عن شركة تنظيف جيدة فلا تتردد في التواصل معنا.<br />Mahmoud Aminhttps://www.blogger.com/profile/05737435463099410903noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-59891566170610439682021-06-12T02:26:40.260-07:002021-06-12T02:26:40.260-07:00مقارنة اكثر من رائعة ومفيدة لكل صاحب منزل ولكني اح...مقارنة اكثر من رائعة ومفيدة لكل صاحب منزل ولكني احتاج الى خطوات <a href="https://cleaningriyadhsa.com/" rel="nofollow"> تنظيف منازل </a><br />و<br /> <a href="https://cleaningriyadhsa.com/category/cleaning-company-in-riyadh/sewage-wiring-company-in-riyadh/" rel="nofollow">تسليك مجاري</a><br />المطبخ والحماماتtamer Ahmedhttps://www.blogger.com/profile/10904430436228844217noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-56459270143926613452021-02-02T04:32:05.489-07:002021-02-02T04:32:05.489-07:00شركة تنسيق حدائق بالرياض
تمتلك شركة تنسيق حدائق ب...<br /><br /> <a href="https://ahbabelmadina.com/coordinator-of-gardens-riyadh/" rel="nofollow">شركة تنسيق حدائق بالرياض</a><br /> تمتلك شركة تنسيق حدائق بالرياض المقدره على تنفيذ جميع أنواع الخدمات لحمامات السباحه و الحدائق بجميع المساحات كما يتم إعطاء مساحة للأطفال ليتيح لهم فرصة للعب و عمل جراجات وورشة وأماكن للتخزين و مراعاة نوع التربة للتصميم و التنفيذ كما نقوم بالتركيز على الشمس خلال الفصول المناخيه و نوع المبنى الخارجي وحسب نوع المنشآت من مستشفى أو فندق أو منزل اتصل فوراً.<br />seocomhttps://www.blogger.com/profile/10732118579448930253noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-66713312427606286202016-03-21T08:01:17.349-07:002016-03-21T08:01:17.349-07:00Yeah. I might have to do some sleuthing on that. S...Yeah. I might have to do some sleuthing on that. Something was going on in Phoenix regarding single family home permits. It's strange.<br /><a href="https://www.basmetelriyadh.com/%D8%B4%D8%B1%D9%83%D8%A9-%D8%AA%D9%86%D8%B8%D9%8A%D9%81-%D8%A8%D9%8A%D9%88%D8%AA-%D8%A8%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6/" rel="nofollow">Cleaning houses</a>شركة السفيرhttps://www.blogger.com/profile/16191702338976115591noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-44033861154535446672016-01-12T04:01:45.409-07:002016-01-12T04:01:45.409-07:00Ben, AS/AD is not quite the same thing as S/D. In ...Ben, AS/AD is not quite the same thing as S/D. In any case, your conclusions of what is going on do not follow from your premises.pithomhttps://www.blogger.com/profile/13997094225496018110noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-55319183092145522502016-01-12T03:59:04.385-07:002016-01-12T03:59:04.385-07:00Was its housing stock diminishing between 2000 and...Was its housing stock diminishing between 2000 and 2004?! Its population was in steep decline.pithomhttps://www.blogger.com/profile/13997094225496018110noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-21089805657622454742016-01-12T01:17:17.979-07:002016-01-12T01:17:17.979-07:00I was going to go to sleep, but you kept an old ma...I was going to go to sleep, but you kept an old man up. I searched around and found this which is easier for me than other ways of understanding the subject. http://www.adamsmith.org/blog/money-banking/nominal-gdp-targeting-for-dummies/ It does not explain, however, how Woolsey would get rid of changes in real output. Is the "how" the buying of assets by the central banks. Is that the main source of "how" to get it done? That was my question. Don't be so grumpy. :)Gary Andersonhttps://www.blogger.com/profile/15499434824034613894noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-11391099022212098162016-01-11T23:15:42.220-07:002016-01-11T23:15:42.220-07:00I have this blog called idiosyncratic whisk. I...I have this blog called idiosyncratic whisk. I've written a lot about this. You should read it sometime. Scott Sumner has an interesting blog about the details of NGDP targeting.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-73807317563489651242016-01-11T22:32:02.343-07:002016-01-11T22:32:02.343-07:00So, then, Kevin, you would define what happened in...So, then, Kevin, you would define what happened in the last decade in housing as instability rather than a bubble, is that correct? Also, how many years would a commitment to NGDP targeting be to make it most effective and would a government say, we are committed to this many years? And can you further explain how this works in this Bill Woolsey statement: "Market monetarists not only recognize this, we celebrate it. The whole point is to get rid of changes in real output caused by nominal shocks."Gary Andersonhttp://www.talkmarkets.com/contributor/Gary-Anderson/noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-34679668942402874342016-01-11T21:26:52.348-07:002016-01-11T21:26:52.348-07:00The stability of the trend is more important than ...The stability of the trend is more important than the level. NGDP is just a meaningless number. But, in an economy filled with nominal contracts, unstable NGDP leads to dislocations which are largely unnecessary. If the BOJ had a long-standing NGDPLT policy, they would probably have a much smaller balance sheet.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-68671041550703437222016-01-11T20:06:30.812-07:002016-01-11T20:06:30.812-07:00You want inflation in autos, Ben? Really? I know, ...You want inflation in autos, Ben? Really? I know, you are a used car salesman. :)Just kidding.Gary Andersonhttp://www.talkmarkets.com/content/us-markets/mm-boys-and-tight-money-market-monetarist-terms-listed-for-you?post=82308noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-76772812730678049942016-01-11T20:04:53.098-07:002016-01-11T20:04:53.098-07:00I would not argue against you, there Kevin. But LA...I would not argue against you, there Kevin. But LA investors went by bus to Las Vegas and elsewhere to push prices up the last decade. Rents did not reflect the values they were pushed to. Even the little bubble in Las Vegas the last few years is dying out except in preferred areas, where rents and prices are crazy. <br /><br />Question Kevin, isn't NGDP targeting used in Japan where the BOJ is buying assets like Reits? And isn't this speculative rather than productive? Could you have a rise in NGDP that is not productive to society? Gary Andersonhttp://www.talkmarkets.com/content/us-markets/mm-boys-and-tight-money-market-monetarist-terms-listed-for-you?post=82308noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-74349567288155789602016-01-11T18:11:45.724-07:002016-01-11T18:11:45.724-07:00Great post.
You know, some stories are simple. T...Great post. <br /><br />You know, some stories are simple. There is excess capacity in global auto production market, about 20 million units annually. We have had no inflation in new US auto prices in 20 years. US housing?<br /><br />Supply and demand, baby, supply and demand.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-4466339321389926352016-01-11T17:15:15.926-07:002016-01-11T17:15:15.926-07:00Yes. The idea that those houses doubled in value ...Yes. The idea that those houses doubled in value because of some sketchy mortgage programs is implausible. LA has a supply problem.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-70863584576399314922016-01-11T17:12:49.672-07:002016-01-11T17:12:49.672-07:00Yeah. I might have to do some sleuthing on that. ...Yeah. I might have to do some sleuthing on that. Something was going on in Phoenix regarding single family home permits. It's strange.<br /><br />I didn't see that post. Boston looks like a standard closed access city to me. Very low starts, high incomes, high rent. It doesn't seem like a mystery to me.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-88341705983470916712016-01-11T15:19:04.794-07:002016-01-11T15:19:04.794-07:00Most high end housing in LA and SF are cash transa...Most high end housing in LA and SF are cash transactions. The banks gave huge credit lines and also rich people paid with cash. Just watch Selling LA and you can see that high end properties are in cash, and it is commonplace. I have a relative who buys on credit in a close to high end place, near Palos Verdes, and the banks are requiring that he sell investment property. The banks are making slaves of successful people. Cash is king. Gary Andersonhttp://www.talkmarkets.com/content/us-markets/sumner-and-his-market-monetarists-compared-to-mish-libertarians-and-keynesians?post=81981noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-10068660383268962872016-01-11T15:08:06.793-07:002016-01-11T15:08:06.793-07:00I note that from 2004 to 2005 the construction of ...I note that from 2004 to 2005 the construction of 1-unit structures in Phoenix-Mesa-Glendale declined, while that of multi-unit structures rose.pithomhttps://www.blogger.com/profile/13997094225496018110noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-73760122567452962962016-01-11T14:53:48.458-07:002016-01-11T14:53:48.458-07:00Maybe housing starts in Phoenix were rising, but t...Maybe housing starts in Phoenix were rising, but they just weren't keeping up with the strongly rising population. There was some rent inflation in Phoenix during the housing boom, but not much.<br /><br />"But, it actually looks like, in the midst of this spike, permits began to decline at the end of 2004 in Phoenix, while population, rents, and prices were all spiking."<br /><br />-Permits per capita, not permits.<br /><br />And a rapid expansion of demand from Californian housing investors seems to have been highly important to the Phoenix price boom. The contemporary accounts all mention this.<br /><br />And did you see my Miami, San Francisco, Boston post on Against Jebel al-Lawz? What's your explanation for the Boston price and rent hikes of 2000-2004 other than, as I suggest, speculators?pithomhttps://www.blogger.com/profile/13997094225496018110noreply@blogger.com