The U.S. Housing Boom Is Coming to an End, Starting in Dallas

Post by bradleyjg » Tue, Nov 27, 2018, 4:46 AM UTC

toomuchtodo wrote: post #18

bradleyjg wrote: post #11

The post housing crash housing boom was almost entirely the result of the federal government--which has made, guaranteed, or bought significantly more than half the residential mortgages since 2008--deciding there should be a housing boom. If it is indeed coming to an end it is because the federal government collectively has decided not to double down and keep the party going. This isn't the weather or even the price…

The Federal Reserve (which orchestrates interest rates to manage inflation and achieve full employment [two of its mandates]) is not (edit: a branch) of the US government, and does not set government policy. Edit: This is incorrect. The Board Of Governors who set interest rates is a part of the federal govrnment as an agency (accountable to Congress), the individual Federal Reserve Banks are not.

Post by curuinor » Tue, Nov 27, 2018, 4:47 AM UTC

toomuchtodo wrote: post #18

bradleyjg wrote: post #11

The post housing crash housing boom was almost entirely the result of the federal government--which has made, guaranteed, or bought significantly more than half the residential mortgages since 2008--deciding there should be a housing boom. If it is indeed coming to an end it is because the federal government collectively has decided not to double down and keep the party going. This isn't the weather or even the price…

The Federal Reserve (which orchestrates interest rates to manage inflation and achieve full employment [two of its mandates]) is not (edit: a branch) of the US government, and does not set government policy. Edit: This is incorrect. The Board Of Governors who set interest rates is a part of the federal govrnment as an agency (accountable to Congress), the individual Federal Reserve Banks are not.

Post by ttty » Tue, Nov 27, 2018, 4:49 AM UTC

untog wrote: post #19

briandear wrote: post #9

Earlier quoted context omitted.

Why does HN allow intentional bypass of paywalls? It’s no different than providing links to pirated software. On the one hand, we complain about aggressive advertising while simultaneously doing everything possible to ensure publications don’t earn any money.

It isn't quite the same, because these publications do offer their content for free... to the Google indexer. So they're kind of trying to have it both ways. That said, I agree with the broader point: if you value something that has a price on it then you really ought to pay for it at some point. You can object to anything you want ("there are still ads!", "why can't I pay per article?"), but it's all besides the poi…

Post by makmanalp » Tue, Nov 27, 2018, 4:50 AM UTC

sokoloff wrote: post #24

Cyclone_ wrote: post #5

Doesn't surprise me, younger millenials won't have a home to sell and will thus have a hard time affording a home in an inflated market. Compounded with the fact that median wages haven't increased that much the last 30 years. Prices have to fall for that group to afford a home.

> Compounded with the fact that median wages haven't increased that much the last 30 years. Median income has gone up by about 150% (to 2.5x) in nominal terms between 1986 and 2016. https://fred.stlouisfed.org/series/MEHOINUSA646N

Post by bradleyjg » Tue, Nov 27, 2018, 4:52 AM UTC

toomuchtodo wrote: post #34

bradleyjg wrote: post #31

Earlier quoted context omitted.

You are simply wrong. The Board of Governors of the Federal Reserve System is a policy making arm of the United States Federal Government. It was created by and can be abolished by or have any of its functions changed or decisions overruled by statute, it's members are officers of the United States within the meaning of Article II, section 2, clause 2 of the US Constitution appointed by the President of the United St…

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