Quote from: K-Dog on Jan 26, 2024, 10:02 PM'In May, the Biden administration announced a Housing Supply Action Plan to close the affordability gap and ease housing costs. The plan aims to boost the supply of affordable housing by enhancing existing federal financing and incentivizing areas to reform zoning and land use policies to build more lower-cost housing. It also calls for homebuilders to adopt more efficient construction methods.

What a crock of shit.  The cost of building housing is not the issue.  The economy is dead is the issue.  There is not enough cheap energy to keep the complexity of life going as we know it.

How does the current dead economy compare to the one you lived through in the late 70's? The economy was dead, stagflation and inflation were the theme of the day, Carter was pitching America as The King Of Coal because US peak oil had happened in 1970 followed by global peak in 1979, there was no more cheap energy imagined. That decade ended up immediately followed by the go go 80's.

Remember the Charlie Daniels song trying to stop everyone from being depressed, In America?

I agree completely with you about housing and what the markets have done it with, and we certainly deserve a decent correction or outright rearrangement but it just isn't showing up in the numbers in exepcted ways yet. 2008 certainly did, and was another great year to proclaim the economy dead. Same with Covid. And yet it just...won't...die.

Quote from: K-DogThe market destroyed things but the faithful expect a market to fix things.  This could rightfully pass as a definition of insanity.

Or just the way the world works nowadays. I fully expect it to break, and am more prepared for it then most, and often in the breaking of a thing there is opportunity. Just as there was during 2008.

I say everyone should stop voting for any politician above the age of 45 and hand off the leadership baton to the younger generation. Older farts won't like it, but I'm betting those more subjected to a future based on the present have more of an interest in their generational opportunity than what all the old farts want in their twilight years.