Homestead mailing list

[Gene GeRue <genegerue AT ruralize.com>]

On Apr 16, 2008, at 10:03 AM, Clansgian AT wmconnect.com wrote:

> > Would you care to add anything?
>
> Just one thing, otherwise you have the straight of it.   The other  
> thing was
> the belief that the old saws of "they ain't makin' any more land"  
> and "people
> have to have a place to live" had anything to do with the value of  
> real
> estate.  They don't.

The laws of supply and demand most assuredly apply to land and housing  
as they apply to oil or food. Do you really not see that?
> But the things you mentioned are the CAUSES of the bubble, not  
> something
> different from a bubble.

I agree. All the many causes combined to make the condition so stark.

I just don't like the term bubble. I like my John Cleese appraisal.

Do you think we are having a disagreement bubble or is this just  
business as usual?
> It would be like someone positing that there is a world wheat  
> shortage (which
> many are indeed positing) and someone objecting that it isn't a wheat
> "shortage" (don't like that word 'shortage') but rather a year of  
> high wheat
> consumption, rising population, lack of fossil fuel based fertilizer  
> and farm machine
> fuel, drought and bad weather, and more farmland taken out of wheat  
> production
> and used for biofuels.  But it's not a shortage!
>
> Those are causes of the shortage, not something other than a  
> shortage.  The
> reasons you cite about housing are quite correct.  They are CAUSES  
> of the
> bubble, not something other than the bubble.   </HTML>