SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : New US Economy Policy
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Arthur Tang8/16/2008 8:18:58 AM
   of 435
 
Typical housing problems can use Houston Tx. as a case study. Houston over built track houses based on the false rumour of IBM coming to town. Houston had oil industry and Texas Instruments. Houston later has job growth of Compaq(now HP).

Track houses were built at $47500 each in the 1970s. It took 25 years to get rid of the surplus. FHA and VA insured those houses, and fortunately housing value rises with the national average. FHA and VA took over many foreclosures and never suffered huge losses, balanced by national income. FHA even had to return the insurance fee when you pay up the mortgage.

Now, the housing surplus is in Florida, Arizona and Nevada. All retirement community. They(moved from large cities, such as NYC) do die off due to old age or poisoned by medicine subsidized by government health care programs(medicare). If population decreased, these states will have to use tax incentive to attract more industries to their state to build up their economy. to use up their surplus houses. It will take less than a year, if chain stores(job growth) are attracted to retirement communities. Tourism takes 3 years to put in place(convention center and golf course). And manufacturing takes much longer.

But, our current plan is to remodel to bring houses up to the national average value. To attract people to move to old towns by social activities. It may take a shorter time to sell houses in a town that can attract residents to move in, based on West Palm Beach, Fl.(Band playing on main street every Tuesday) success(empty houses bought in a few months by people passing by main street tuesdays), a few years back.

Feds can study Houston and West palm Beach(case history) to know what and how to do it with banks in those two towns.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News