Gladiator

To Raise House Resale Prices

Resale prices have lowered, which causes people behind in their mortgages unable to sell their houses, and settle with the Mortgage Lender.

http://www.debatepolitics.com/econom...ie-failed.html (Why Freddie Failed)

Resale prices have lowered because of an over-supply, or lowered demand, or both. Either way, Housing Starts used to be a good sign of an improving Economy.

http://www.census.gov/const/newresconst.pdf

Unfortunately it is difficult for Smart People to unlearn established patterns.

Actually, we need a Farm Subsidy Program for the Housing Constuction industry. Less home building is needed to let the house prices catch up to a realist, true market value.

Another option to reduce housing supply, is to invite more immigrants by granting Unlimited, immediate, Amnesty.

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How did Our Oil get under Their Sand?

Gladiator

The application would look like:

Building Conttractor Info:

I had planned to build 100 houses starting in the Spring of 2009.

To delay starting to build these 100 houses, until Spring of 2010, I claim the following expenses:

Taxes for the year: $____

Upkeep of undeveloped land: $ _______

Interest on capital set aside for building the 100 houses: $__________

Payroll maintence expense for key personnel: $_____________







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tryreading

You're not serious, are you?

The way we get higher house prices is by waiting. The last numbers I read on housing indicated that on average house prices double about every 12 years. I don't have a link for that right now.

The thing is, we are at or near the bottom of the curve, from what I've heard from financial pundits, and in a year or two prices will stabilize, then start rising again. There is nothing to do but wait.

RightinNYC

Farm subsidies are probably some of the worst legislation that just will. not. die. Why would we want to make more like it?

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People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

Gladiator

Ask your expert Friends how long it would take to reduce housing inventory, currently at 1 year, to Two Months, if Unlimited Immediate Amnesty were offered to any non-US Citizen who bought a home.

Ask your expert friends how long it would take for housing prices to recover sufficiently, so the people in trouble with their morgtgages, could sell their homes, and avoid foreclosure, once the unsold housing inventory was reduced to a month or two.



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Gladiator

What Dollar limit would you suggest? 5 Million Dollars?

Hud could request applications for paid house construction delays, and then select the best deals, with the money allocated for the Housing Construction Delay Project. Once the market corrected, the law could be repealed.


Do Farm Subsidies work? Do farmers leave fields fallow, or grow alternative crops?


How long would housing starts need to be delayed to recover housing prices?


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tryreading

I don't believe your numbers have any factual basis at all. But even if they did, lets leave the government out of houing as much as humanly possible. I have a house, it isn't worth what it was 2 years ago, but that's the way it works sometimes. No more bail outs, please.

Gladiator

What if it takes 4 Years to recover with just bailing?

tryreading

Then that's what it takes.

Gladiator

If the US sold 4 Million houses now, the house prices would normalize, and people could sell their homes, to avoid foreclosures.

Why not just let in 4 Million Immigrants. Give them permanent residency status.

U.S. existing-home sales rise but unsold inventory hits record - MarketWatch