knabe
Well-known member
here's a graph of an area i drive by ever day to and from work. i commute 75miles each way.
http://viewfromsiliconvalley.com/id477.html
notice that the area is on the edge of a reasonable commute to the silicon valley.
most of these houses are new, or if old, have significant square footage, ie over 2500sqft.
notice the rest of the area with no indication of default.
what's bascially happening, is that people wanted a bigger house further out, and they also wanted a cadillac escalade for a commuter vehicle and they are being priced out.
the areas in the darkest brown, ie the highest level, are codo's and other government mandated high density housing along transit corridor's priced way beyond their value and sold to people who panicked and thought they had to buy.
once again, government mandated a solution, and failed. yet the rest of the valley seems ok. why not let the market correct itself? the rest of the areas are at normal delinquency rates, ie around 1%.
notice that big red blob at the bottom? those houses are over 4000 sq/ft on an acre or two and are on PRIME farmground, again, encouraged by government to generate tax revenue and mandated by essentially by california in less dense areas to "solve" the supposed housing shortage which never existed in the first place and was fueled by an immigration rate of 1.5 million per year, LEGAL immigration i might add. so you see, the government is essentially mandating immigration to fuel growth and overdeployment of our economy on a housing based economy rather than export of products, again, a government knows best approach, except no one notices.
is there ONE government elected official you would let manage your check book?
the media and the government is presenting this as a massive problem, and it just doesn't exist.
http://viewfromsiliconvalley.com/id477.html
notice that the area is on the edge of a reasonable commute to the silicon valley.
most of these houses are new, or if old, have significant square footage, ie over 2500sqft.
notice the rest of the area with no indication of default.
what's bascially happening, is that people wanted a bigger house further out, and they also wanted a cadillac escalade for a commuter vehicle and they are being priced out.
the areas in the darkest brown, ie the highest level, are codo's and other government mandated high density housing along transit corridor's priced way beyond their value and sold to people who panicked and thought they had to buy.
once again, government mandated a solution, and failed. yet the rest of the valley seems ok. why not let the market correct itself? the rest of the areas are at normal delinquency rates, ie around 1%.
notice that big red blob at the bottom? those houses are over 4000 sq/ft on an acre or two and are on PRIME farmground, again, encouraged by government to generate tax revenue and mandated by essentially by california in less dense areas to "solve" the supposed housing shortage which never existed in the first place and was fueled by an immigration rate of 1.5 million per year, LEGAL immigration i might add. so you see, the government is essentially mandating immigration to fuel growth and overdeployment of our economy on a housing based economy rather than export of products, again, a government knows best approach, except no one notices.
is there ONE government elected official you would let manage your check book?
the media and the government is presenting this as a massive problem, and it just doesn't exist.
