Recent content by Captain Cranks

For the same reason you say no to Ahura Mazda and Vishnu.

Here's an open ended question. Is Apocalypticism, defined as a religious belief system centered on the idea that the world as we know it will soon come to a decisive end, healthy for society? I'd argue that it is not as it makes it easier for adherents to settle on inaction of real world...

To be fair, I don't think Paddington, or many Christians, are saying you should be punished. Just that you will be punished. The latter is a restatement of what they're taught while the former is an opinion. That must be a tough one for believers to accept, honestly. Like if I were to ask my...

Anecdote as I've been looking for a cabin in NW Georgia the last few months in the $400-600k range. When I look through the listings I like to torment myself by looking at what they last sold for. Most that were sold in 2019 and 2020 were literally half the price of what they're currently listed...

Valuations of what? We're currently at 4.6 months inventory which is in the balanced inventory band of 4-6 months. Let's rewind the clock to 2021 when a 30 year fixed was sub 3%. What happened was businesses and individuals with disposable income bought up a bunch of investment property...

We've got nice LVP which covered our hardwoods. Best decision we could have made with three dogs. I'm always getting compliments on the appearance too.

We don't have a supply problem. We have an affordability problem. There are enough houses on the market to meet the demand, at least in the areas I'm referring to where affordability waved goodbye in late 2020. However, those looking to sell are still clinging to 2022/23 prices. The market is...

What data are you using to make this statement?

Freddie Mac estimates as Baby Boomers age, approximately 9 million of their homes will be put on the market over the next decade. To put that into context, we're currently building homes at an annual rate of 1.3 million.

My point is that I don't want to see any government policies that help stoke demand or inflate housing prices. Prices are currently on a downward trajectory because prices are too high relative to incomes. I want to see them continue to fall to be more in line with incomes. I don't want them to...

The correct sentence here is, "Without God, I'd have no purpose, for God is the one who gives me purpose."

I'd like to see home prices continue to fall to affordable levels. Lower interest rates inflate asset prices, but those who need homes don't have assets. Will that hurt people like me who will see the value of their assets go down? Yes, but it will put our economy on stronger footing in the long...

It would be nice if the government would let the market clear on its own in the form of lower prices, but, of course, we're already seeing demands to keep it artificially elevated.

It has to happen. Prices are too detached from incomes. The disparity is worse now than it was in 2008. I will note that the entire country isn't in the same position. Florida, Texas, California, Nevada and the PNW are all inflated relative to median income but you can still find affordable...

Sadly, you're right. Only the positive impacts of Dear Leader's decisions are allowed. Very unbiased.