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April 14, 2009 at 8:44 AM in reply to: OT: Big Car Versus Small Car: IIHS confirms the law of physics. #380544garysearsParticipant
So now we want government to regulate passenger vehicle size for us? Ok, what about trucks? Do we have to have separate truck only roads to ensure vehicles of separate weights don’t cross paths? Can I still rent a Uhaul or will that be outlawed in the name of safety?
April 14, 2009 at 8:44 AM in reply to: OT: Big Car Versus Small Car: IIHS confirms the law of physics. #380817garysearsParticipantSo now we want government to regulate passenger vehicle size for us? Ok, what about trucks? Do we have to have separate truck only roads to ensure vehicles of separate weights don’t cross paths? Can I still rent a Uhaul or will that be outlawed in the name of safety?
April 14, 2009 at 8:44 AM in reply to: OT: Big Car Versus Small Car: IIHS confirms the law of physics. #381005garysearsParticipantSo now we want government to regulate passenger vehicle size for us? Ok, what about trucks? Do we have to have separate truck only roads to ensure vehicles of separate weights don’t cross paths? Can I still rent a Uhaul or will that be outlawed in the name of safety?
April 14, 2009 at 8:44 AM in reply to: OT: Big Car Versus Small Car: IIHS confirms the law of physics. #381053garysearsParticipantSo now we want government to regulate passenger vehicle size for us? Ok, what about trucks? Do we have to have separate truck only roads to ensure vehicles of separate weights don’t cross paths? Can I still rent a Uhaul or will that be outlawed in the name of safety?
April 14, 2009 at 8:44 AM in reply to: OT: Big Car Versus Small Car: IIHS confirms the law of physics. #381181garysearsParticipantSo now we want government to regulate passenger vehicle size for us? Ok, what about trucks? Do we have to have separate truck only roads to ensure vehicles of separate weights don’t cross paths? Can I still rent a Uhaul or will that be outlawed in the name of safety?
April 8, 2009 at 11:02 PM in reply to: Will rents create a price floor despite the mini rental bubble? #378279garysearsParticipantThere were some interesting comments on the recent threads discussing rents over on the Calculated Risk blog today.
I now see how it is possible for rents to fall even in the face all these foreclosures turning owners of mortgages back into owners of leases.
I had been unconciously assuming household size is fixed and that mostly you have owners and renters, only affected by birth rate/population inflow or outflow. But I failed to account for people “doubling up” in hard times. That is, I was assuming household size doesn’t really change.
But if the comments on CR are correct, we have a national historic low average size household combined with a historic oversupply of housing in what could be a historic recession. This doesn’t predict anything specific for S.D. but does imply many more houses than really required on a national level.
Just food for thought. My gut says rents have to come down. Otherwise I can’t see why all these sub 200K properties aren’t being scooped up by investors. I know there is large investor interest but that hasn’t kept prices from continuing to fall.
April 8, 2009 at 11:02 PM in reply to: Will rents create a price floor despite the mini rental bubble? #378557garysearsParticipantThere were some interesting comments on the recent threads discussing rents over on the Calculated Risk blog today.
I now see how it is possible for rents to fall even in the face all these foreclosures turning owners of mortgages back into owners of leases.
I had been unconciously assuming household size is fixed and that mostly you have owners and renters, only affected by birth rate/population inflow or outflow. But I failed to account for people “doubling up” in hard times. That is, I was assuming household size doesn’t really change.
But if the comments on CR are correct, we have a national historic low average size household combined with a historic oversupply of housing in what could be a historic recession. This doesn’t predict anything specific for S.D. but does imply many more houses than really required on a national level.
Just food for thought. My gut says rents have to come down. Otherwise I can’t see why all these sub 200K properties aren’t being scooped up by investors. I know there is large investor interest but that hasn’t kept prices from continuing to fall.
April 8, 2009 at 11:02 PM in reply to: Will rents create a price floor despite the mini rental bubble? #378737garysearsParticipantThere were some interesting comments on the recent threads discussing rents over on the Calculated Risk blog today.
I now see how it is possible for rents to fall even in the face all these foreclosures turning owners of mortgages back into owners of leases.
I had been unconciously assuming household size is fixed and that mostly you have owners and renters, only affected by birth rate/population inflow or outflow. But I failed to account for people “doubling up” in hard times. That is, I was assuming household size doesn’t really change.
But if the comments on CR are correct, we have a national historic low average size household combined with a historic oversupply of housing in what could be a historic recession. This doesn’t predict anything specific for S.D. but does imply many more houses than really required on a national level.
Just food for thought. My gut says rents have to come down. Otherwise I can’t see why all these sub 200K properties aren’t being scooped up by investors. I know there is large investor interest but that hasn’t kept prices from continuing to fall.
April 8, 2009 at 11:02 PM in reply to: Will rents create a price floor despite the mini rental bubble? #378781garysearsParticipantThere were some interesting comments on the recent threads discussing rents over on the Calculated Risk blog today.
I now see how it is possible for rents to fall even in the face all these foreclosures turning owners of mortgages back into owners of leases.
I had been unconciously assuming household size is fixed and that mostly you have owners and renters, only affected by birth rate/population inflow or outflow. But I failed to account for people “doubling up” in hard times. That is, I was assuming household size doesn’t really change.
But if the comments on CR are correct, we have a national historic low average size household combined with a historic oversupply of housing in what could be a historic recession. This doesn’t predict anything specific for S.D. but does imply many more houses than really required on a national level.
Just food for thought. My gut says rents have to come down. Otherwise I can’t see why all these sub 200K properties aren’t being scooped up by investors. I know there is large investor interest but that hasn’t kept prices from continuing to fall.
April 8, 2009 at 11:02 PM in reply to: Will rents create a price floor despite the mini rental bubble? #378909garysearsParticipantThere were some interesting comments on the recent threads discussing rents over on the Calculated Risk blog today.
I now see how it is possible for rents to fall even in the face all these foreclosures turning owners of mortgages back into owners of leases.
I had been unconciously assuming household size is fixed and that mostly you have owners and renters, only affected by birth rate/population inflow or outflow. But I failed to account for people “doubling up” in hard times. That is, I was assuming household size doesn’t really change.
But if the comments on CR are correct, we have a national historic low average size household combined with a historic oversupply of housing in what could be a historic recession. This doesn’t predict anything specific for S.D. but does imply many more houses than really required on a national level.
Just food for thought. My gut says rents have to come down. Otherwise I can’t see why all these sub 200K properties aren’t being scooped up by investors. I know there is large investor interest but that hasn’t kept prices from continuing to fall.
garysearsParticipantRussell,
I sent you an email (I think). I emailed Rustico74629(at)hotmail(dot)com.
Gary
garysearsParticipantRussell,
I sent you an email (I think). I emailed Rustico74629(at)hotmail(dot)com.
Gary
garysearsParticipantRussell,
I sent you an email (I think). I emailed Rustico74629(at)hotmail(dot)com.
Gary
garysearsParticipantRussell,
I sent you an email (I think). I emailed Rustico74629(at)hotmail(dot)com.
Gary
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