Author Topic: Looking for a new house (Read 1936 times)

OIO · « **Reply #30 on:** April 29, 2003, 12:58:08 PM »

K, just making sure Curval. Last person I told that came back next day complaining about the " Ol' Faithful " incident.

Wlfgng · « **Reply #31 on:** April 29, 2003, 01:11:03 PM »

America: no housing market slump where I live..
and I seriously doubt there will be in the forseeable future.

Montezuma · « **Reply #32 on:** April 29, 2003, 04:03:03 PM »

Quote

Originally posted by Lizard3
I guess you were no where near California 10-12 years ago. I lost close to 18% value in 6 months. It took over 5 years to recover its value.

That was the result of a dramatic economic dislocation brought about by the end of the cold war, which cost California hundreds of thousands of high paying jobs in aerospace.

Thorns · « **Reply #33 on:** April 29, 2003, 08:45:49 PM »

The answer is houseboat........

Thorns

davidpt40 · « **Reply #34 on:** April 30, 2003, 07:10:09 AM »

Male runners who run more than 35 miles per week have baby girls most of the time.

As for housing, have you considered moving to the south?

miko2d · « **Reply #35 on:** April 30, 2003, 07:42:40 AM »

capt. apathy: somebody slept through economics. prices are dictated by supply and demand. even if the cost of manufacture for a given product is cheap the prices can still be high if the demand out paces the supply.

Anyone can parrot the texts without having any idea what it means, so I would expect you to explain your assertion in more detail.

since the earth (supply) ain't getting any bigger. and the population of the world (demand for residences) isn't getting any smaller.

So far I see you making the basic mistake of confusing demand with need. You may have enormous need but without ability to produce there is no demand.

Populations of developed countries are growing slowly or declining. Whatever growth is due to third-world immigration that brings need but not demand - having low buying power.

Speaking about the world in this context is silly because housing markets are country-specific, but even there you are wrong - the population of earth is going to peak way before the land available for building housing is exhausted.

What is the cost of manufacturing an acre of land?

Just by this question you expose your total lack of economic education. Nobody who had even basic (self)education in economics could have missed the worn out example of how land - and any other resource is manufactured when the price is high enough. Read some books.

WTC buildings occupied 1 acre each. But the floor areas were over 100 acred each. How did they do that? Magic? Did you ever see a multy-story residential building? Any building that is over one story high?

How about Holland? Didn't they "manufacture land"? How about cities built beyong the arctic circle? That land was not counted as inhabitable a century ago.

Most people do not go buying land but rather living space.

Anyway, I'll make some research on the housing boom and come back later in a separate thread, so hold on your criticism for a while.

miko

Dowding · « **Reply #36 on:** April 30, 2003, 07:54:46 AM »

House prices have started to fall in Southern England already. But these are in areas where prices rose to ridiculous levels in a short amount of time.

In the rest of Britain, house prices continue to rise. And that's why I bought a brand new apartment last October right off the blueprint.

Fingers crossed my investment pays off. It should do though. The area is decent, and I got it cheap because I bought it on the strength of the builder's plans.

But remember - a house is for a long time, not just for Christmas. It's a long term investment.

Curval · « **Reply #37 on:** April 30, 2003, 08:06:25 AM »

Quote

Originally posted by davidpt40
Male runners who run more than 35 miles per week have baby girls most of the time.

As for housing, have you considered moving to the south?

...and the runner thing is relevant to me...how? 35 miles per week? Good Lord..that would kill me. Tell you what...I'll have my wife grab my "boys" and shake them for about an hour a day, the effect of which may well approximate that amount of running.

I was born here, raised here, all my family are here and my job is based here. You are right, I could buy a cheap house down south, but leaving everything behind just isn't going to happen.

Thorns:

Houseboat? No man...lots of reasons not to go that route. First and foremost is the fact that one of the kids could fall overboard and drown. It "sounds' like a good idea but it just isn't practical.

capt. apathy · « **Reply #38 on:** April 30, 2003, 09:53:17 AM »

OK, what the hell. I'll bite.

Quote

Anyone can parrot the texts without having any idea what it means, so I would expect you to explain your assertion in more detail.

when the demand rises and the supply doesn't, prices climb. this is because there is less of the product available per prospective customer, so they may have to pay more to assure their supply of the product.

inversely if the supply goes up and the demand doesn't I may have to sell it cheaper, due to the fact that prospective customers would have more options as to where they could get their product, so I may have to cut prices to compete. also when supply outpaces demand you have a slower turnover rate you begin to take on other costs (storage or maintenance of the product while you wait for a sale to name just 2).

so in a low demand situation these costs could actually make the sellers cost higher but their sale price lower making your theory complete horsetoejam.

as another example- say I manufacture pot holders (just crappy little cloth things to set hot pots from the stove on), and it costs me $100 per unit to make them. but nobody wants them. everybody is making good money but there is no demand for my product and I have a warehouse full of them. how much would you suppose I could get for this item? manufacture costs are up, income of the population up yet my prices would be low. so again...

Quote

I would not bother to explain now why in the long term the price of any product is determined by the income of the population and costs of manufacturing.

..is horsetoejam

however if there where only a couple units of my product available for sale and everybody needed one I could pretty much charge whatever I want (even if it cost me little or nothing to manufacture)

ok next point.....

Quote

So far I see you making the basic mistake of confusing demand with need.

ok this one is real simple. open MS word, type demand, highlight it, and hit 'THESAURUS'. this will give you a list of synonyms (words that mean the same thing.)

here I'll do it for you. here's the whole list...
necessity
claim
call
NEED
requirement
charge
requisition
ultimatum

midnight Target · « **Reply #39 on:** April 30, 2003, 10:01:34 AM »

Quote

Originally posted by Lizard3
I guess you were no where near California 10-12 years ago. I lost close to 18% value in 6 months. It took over 5 years to recover its value. IIRC, the rest of the country had been on a steady decline for the 3 years before that. Real Estate, not stock market. It wasn't as drastic as CA's was, but real none the less.

I was here Lizard. IIRC there was a HUGE boom in housing prices prior to that decline.

I just bought a home in Southern Ca. There are still bargains to be had if you know the area.

Curval · « **Reply #40 on:** April 30, 2003, 10:09:22 AM »

Quote

Originally posted by midnight Target
I was here Lizard. IIRC there was a HUGE boom in housing prices prior to that decline.

Bad memories of Toronto housing market...1988 bought at the height of the boom. Sold a few years later at a $50,000 loss.

Made it back in 1999, and then some, after selling a condo I bought in the downturn.

Wlfgng · « **Reply #41 on:** April 30, 2003, 10:12:34 AM »

Curval would have to 'ride the storm' out with a houseboat.. imagine a hurricane...

miko2d · « **Reply #42 on:** April 30, 2003, 10:13:38 AM »

capt. apathy: so in a low demand situation these costs could actually make the sellers cost higher but their sale price lower making your theory complete horsetoejam.

as another example- say I manufacture pot holders (just crappy little cloth things to set hot pots from the stove on), and it costs me $100 per unit to make them. but nobody wants them. everybody is making good money but there is no demand for my product and I have a warehouse full of them. how much would you suppose I could get for this item?

You present total nonsense as my "theory" and then you proceed to refut it by arbitrarily redefining the meanings of the words. How original.

Just because it took you $100 to manufacture something, it does not make that object a product.
It will most likely end up as a piece of garbage, so you may as well call it that in which case it has nothing to do with my assertion where I use the word product in a different sense - a merchandise perhaps, a piece of capital or a consumer good but not "garbage".

however if there where only a couple units of my product available for sale and everybody needed one I could pretty much charge whatever I want (even if it cost me little or nothing to manufacture)

Not really. If you've read a single book on economics you would know of such things as competition - other busnesses manufacturing the same item - or equivalent substitution by consumers - using rags of towels or winter mittens to handle the same job.

ok this one is real simple. open MS word, type demand, highlight it, and hit 'THESAURUS'. this will give you a list of synonyms

I see. You replaced your brain with thesaurus. Certainly, if it seems to say that demand is the same as need - in all applications, it must be right.
The law of "supply and demand" can be called the law of "supply and need", right? Except it explains how the market price gets established by interaction of people offering money and demanding a product and those asking money for supplying a product and I do not see a logical connection between people having need and having money to pay for what they demand, but maybe you can invent one or find it in tesaurus.

You do not know the fist thing about economics. Please don't waste my time before you read some books.

Oh, yeah - you do not know what "synonym" is. The only words that "mean the same thing" and are "freely interchangeable" here is your handle and "ignorant".

miko

midnight Target · « **Reply #43 on:** April 30, 2003, 10:18:16 AM »

miko,

LAND is non-renewable and for sale. What could possibly make it worthless?

capt. apathy · « **Reply #44 on:** April 30, 2003, 10:39:25 AM »

actually my handle means indifference.
ignorance would be not knowing.

as in "I'm apathetic, to the fact that you appear ignorant to the meanings of words in the english language"

anything someone produces intentionally is a product. pieces of crap are called 'crappy products' but products none the less. Actually the product in my example could be excellent, it could be the best damn pot-holder on the market. non-flammable, superior insulating properties, the Cadillac of pot-holders. what makes it garbage is that I have a warehouse full of them and nobody wants them.

as a consumer I don't give a rats prettythang what it costs the man to make whatever product I'm looking to buy. I consider only 2 things .
1. how badly do I need (see demand) the product.
2. and can I get the same product somewhere else cheaper (see supply).

if my need is high and my options as to where to get the product are low, odds are I will pay through the nose for it, regardless of what it cost the seller to provide it. if he got it cheap he will just pocket the difference.

BTW- sorry about the thesaurus thing. I know how frustrating it can be when you have no real logical argument and somebody starts dragging out evidence, and using their ability to reason and crap like that.