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patientrenter
Participant[quote=fredo4][quote=ralphfurley]
CA voters are idiots. They want everything and don’t want to pay for it. The ballot measures that passed last election are proof of that.[/quote]
I agree with Mr. Furley, I gave up on California voters after Arnold’s ballot initiatives failed so miserably a few years ago. If the people of this state are that stupid, however unfortunate it is for me, they get what they deserve. [/quote]
Well, they may be smarter than you give them credit for. Most of those voters are not too bright, or not too hardworking, or not too well educated or trained. For them, getting a bigger piece of a smaller pie may actually make sense.
In the long run, we’ll all be better off if we do what’s most productive, and Arnold’s initiatives were in the right direction for that, but the payoff for the less productive people in society might not be for 20-30 years, or never for some.
Participant[quote=fredo4][quote=ralphfurley]
CA voters are idiots. They want everything and don’t want to pay for it. The ballot measures that passed last election are proof of that.[/quote]
I agree with Mr. Furley, I gave up on California voters after Arnold’s ballot initiatives failed so miserably a few years ago. If the people of this state are that stupid, however unfortunate it is for me, they get what they deserve. [/quote]
Well, they may be smarter than you give them credit for. Most of those voters are not too bright, or not too hardworking, or not too well educated or trained. For them, getting a bigger piece of a smaller pie may actually make sense.
In the long run, we’ll all be better off if we do what’s most productive, and Arnold’s initiatives were in the right direction for that, but the payoff for the less productive people in society might not be for 20-30 years, or never for some.
Participant[quote=fredo4][quote=ralphfurley]
CA voters are idiots. They want everything and don’t want to pay for it. The ballot measures that passed last election are proof of that.[/quote]
I agree with Mr. Furley, I gave up on California voters after Arnold’s ballot initiatives failed so miserably a few years ago. If the people of this state are that stupid, however unfortunate it is for me, they get what they deserve. [/quote]
Well, they may be smarter than you give them credit for. Most of those voters are not too bright, or not too hardworking, or not too well educated or trained. For them, getting a bigger piece of a smaller pie may actually make sense.
In the long run, we’ll all be better off if we do what’s most productive, and Arnold’s initiatives were in the right direction for that, but the payoff for the less productive people in society might not be for 20-30 years, or never for some.
Participant[quote=cooprider]I think a lot of it is cultural.
In most other countries multiple generations of families live in the same house. Some cultures just add on to the house, others just stay in it.
We Americans need our own personal space for all of our stuff.[/quote]
cooprider, you need to get out some more! Modern Australian households and UK households and Irish households don’t have large masses of teeming humanity packed into small pockets of space.
In these countries, the bubbles were even more inflated, that’s all.
Participant[quote=cooprider]I think a lot of it is cultural.
In most other countries multiple generations of families live in the same house. Some cultures just add on to the house, others just stay in it.
We Americans need our own personal space for all of our stuff.[/quote]
cooprider, you need to get out some more! Modern Australian households and UK households and Irish households don’t have large masses of teeming humanity packed into small pockets of space.
In these countries, the bubbles were even more inflated, that’s all.
Participant[quote=cooprider]I think a lot of it is cultural.
In most other countries multiple generations of families live in the same house. Some cultures just add on to the house, others just stay in it.
We Americans need our own personal space for all of our stuff.[/quote]
cooprider, you need to get out some more! Modern Australian households and UK households and Irish households don’t have large masses of teeming humanity packed into small pockets of space.
In these countries, the bubbles were even more inflated, that’s all.
Participant[quote=cooprider]I think a lot of it is cultural.
In most other countries multiple generations of families live in the same house. Some cultures just add on to the house, others just stay in it.
We Americans need our own personal space for all of our stuff.[/quote]
cooprider, you need to get out some more! Modern Australian households and UK households and Irish households don’t have large masses of teeming humanity packed into small pockets of space.
In these countries, the bubbles were even more inflated, that’s all.
Participant[quote=cooprider]I think a lot of it is cultural.
In most other countries multiple generations of families live in the same house. Some cultures just add on to the house, others just stay in it.
We Americans need our own personal space for all of our stuff.[/quote]
cooprider, you need to get out some more! Modern Australian households and UK households and Irish households don’t have large masses of teeming humanity packed into small pockets of space.
In these countries, the bubbles were even more inflated, that’s all.
Participant[quote=SD Realtor]Put AMCC on the list. Looks like about 2 weeks from now the group I am in will get whacked along with alot of others. [/quote]
SD R, I am very sorry to hear that. I hope you are well prepared and find a good substitute soon. I always enjoy your intelligent and balanced posts here, and I hope you’ll still contribute. Wish you the best.
Participant[quote=SD Realtor]Put AMCC on the list. Looks like about 2 weeks from now the group I am in will get whacked along with alot of others. [/quote]
SD R, I am very sorry to hear that. I hope you are well prepared and find a good substitute soon. I always enjoy your intelligent and balanced posts here, and I hope you’ll still contribute. Wish you the best.
Participant[quote=SD Realtor]Put AMCC on the list. Looks like about 2 weeks from now the group I am in will get whacked along with alot of others. [/quote]
SD R, I am very sorry to hear that. I hope you are well prepared and find a good substitute soon. I always enjoy your intelligent and balanced posts here, and I hope you’ll still contribute. Wish you the best.
Participant[quote=SD Realtor]Put AMCC on the list. Looks like about 2 weeks from now the group I am in will get whacked along with alot of others. [/quote]
SD R, I am very sorry to hear that. I hope you are well prepared and find a good substitute soon. I always enjoy your intelligent and balanced posts here, and I hope you’ll still contribute. Wish you the best.
Participant[quote=SD Realtor]Put AMCC on the list. Looks like about 2 weeks from now the group I am in will get whacked along with alot of others. [/quote]
SD R, I am very sorry to hear that. I hope you are well prepared and find a good substitute soon. I always enjoy your intelligent and balanced posts here, and I hope you’ll still contribute. Wish you the best.
January 28, 2009 at 6:50 PM in reply to: RUMOR: Buying another house while you currently own one… #337801ParticipantFormerSanDiegan, if removing housing subsidies would likely reallocate capital to more productive activities (and I agree), then why shouldn’t we target getting that completed, and get a schedule with an end date, and make sure that each step we take is in the direction of the ultimate target, and not some other direction? That is a rational response.
Other responses seem to me to be designed to continue to funnel general taxpayer money into the pockets of homeowners, under the guise of “saving our economy”. It’s hard to call homeowners a “special” interest group, since they are 2/3 of the population, but you get the idea.
I find myself agreeing with HLS: It is perfectly possible to have no special government subsidy (including indirect subsidies like loan guarantees) for homeowners. Most, but not all, current buyers would be able to afford a home, but at a much lower price. Is that such a terrible world?
I like the idea of owning a home, but not if the only way to get there is to inflate the price radically, and then force others to fork over most of the difference (through subsidies). And most of the benefits to society at large attributed to turning evil reckless renters into good responsible homeowners are confusions of cause and effect. Responsible people save enough and budget enough to pay for a home without any subsidy. Handing all the purchase money for a home to a reckless person doesn’t make them responsible. Homeownership in Germany is much less common than here. I haven’t heard people characterize Germans as irresponsible wastrels, or the country as an economic basket-case.
Smart people in power always knew that homeownership itself was no magic cure for irresponsibility, but 2/3 of the population loved seeing their home values go up, and smiled on any theory or action that would allow it to continue one more year, and lashed out at any threat to the free lunch source. With that support behind them, a few people who gained very large personal benefits from the bubble acted as agents for the 2/3 of the population and put through tax deductions, FNMA expansions, etc. It was always a scheme to feed on the free lunches provided by home price increases, to be funded from the public money trough, or any other source ready to give money without getting it all back (e.g the Chinese central bank).
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