joethiesmanfan
05-07-2010, 07:36 AM
Neither of these two articles show any proof that the market was saturated preboom. Neither show any indication that, pre-boom, banks were funding builders w/ no demand.
From the Florida article:
"This is quite a turnaround for Schulmeyer's group, which had retreated to building just over 100 homes in only four communities in 2009, down from 900 houses in 20 locales during the peak mid-decade."
From the New York article:
"Furman Center researchers found that the city gained 170,000 new housing units from 2000 to 2008."
Wow - they built too many houses and then the market crashed. The explosion in price occurred at the same time as your articles show the building boom. NOT BEFORE. Where's the proof that the housing boom existed before prices exploded?
Timeline of the United States housing bubble - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Timeline_of_the_United_States_housing_bubble#2001_-_2006)
File:Median and Average Sales Prices of New Homes Sold in United States 1963-2008 annual.png - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/File:Median_and_Average_Sales_Prices_of_New_Homes_ Sold_in_United_States_1963-2008_annual.png)
Further, neither of your articles mention anything about the so-called easy money available to builders PRE-BOOM and which, according to you, was the ultimate cause of the housing crash.
Don't worry, I won't tax your limited comprehension skills by requesting you prove your hyperbole. Feel free to cling to your comfortable, simple misconceptions.
Thank you very much
From the Florida article:
"This is quite a turnaround for Schulmeyer's group, which had retreated to building just over 100 homes in only four communities in 2009, down from 900 houses in 20 locales during the peak mid-decade."
From the New York article:
"Furman Center researchers found that the city gained 170,000 new housing units from 2000 to 2008."
Wow - they built too many houses and then the market crashed. The explosion in price occurred at the same time as your articles show the building boom. NOT BEFORE. Where's the proof that the housing boom existed before prices exploded?
Timeline of the United States housing bubble - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Timeline_of_the_United_States_housing_bubble#2001_-_2006)
File:Median and Average Sales Prices of New Homes Sold in United States 1963-2008 annual.png - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/File:Median_and_Average_Sales_Prices_of_New_Homes_ Sold_in_United_States_1963-2008_annual.png)
Further, neither of your articles mention anything about the so-called easy money available to builders PRE-BOOM and which, according to you, was the ultimate cause of the housing crash.
Don't worry, I won't tax your limited comprehension skills by requesting you prove your hyperbole. Feel free to cling to your comfortable, simple misconceptions.
Thank you very much