{"id":4923,"date":"2012-07-23T20:18:50","date_gmt":"2012-07-24T00:18:50","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4923"},"modified":"2012-07-23T20:18:50","modified_gmt":"2012-07-24T00:18:50","slug":"7-23-the-housing-supply-i-see-hanson-advisers","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/23\/7-23-the-housing-supply-i-see-hanson-advisers\/","title":{"rendered":"7-23 \u2013 The Housing \u201cSupply\u201d I See &#124; Hanson Advisers"},"content":{"rendered":"<p>Bottom line: In order to permanently de-lever this housing market something must be done to address the 20 to 30 million homeowners in a negative or \u201ceffective\u201d (lacking the equity to pay a Realtor 6% and put 20% down on a new house) negative equity position; with 2nd liens; and without the credit needed to qualify for a new vintage loan. That\u2019s because repeat buyers are the \u201cdurable\u201d demand cohort; not first-timer buyers and \u201cinvestors\u201d who come and go with the stimulus wind like we saw in 2010 and will again in the second half of this year.<\/p>\n<p>via <a href=\"http:\/\/mhanson.com\/archives\/953\">7-23 \u2013 The Housing \u201cSupply\u201d I See | Hanson Advisers<\/a>.<\/p>\n<p>Hat tip to Barry Ritholz<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bottom line: In order to permanently de-lever this housing market something must be done to address the 20 to 30 million homeowners in a negative or \u201ceffective\u201d (lacking the equity to pay a Realtor 6% and put 20% down on a new house) negative equity position; with 2nd liens; and without the credit needed to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/23\/7-23-the-housing-supply-i-see-hanson-advisers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;7-23 \u2013 The Housing \u201cSupply\u201d I See &#124; Hanson Advisers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[1732,2594],"class_list":["post-4923","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-housing","tag-over-supply"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>7-23 \u2013 The Housing \u201cSupply\u201d I See &#124; Hanson Advisers - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7-23 \u2013 The Housing \u201cSupply\u201d I See &#124; Hanson Advisers - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Bottom line: In order to permanently de-lever this housing market something must be done to address the 20 to 30 million homeowners in a negative or \u201ceffective\u201d (lacking the equity to pay a Realtor 6% and put 20% down on a new house) negative equity position; with 2nd liens; and without the credit needed to &hellip; Continue reading &quot;7-23 \u2013 The Housing \u201cSupply\u201d I See &#124; Hanson Advisers&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/23\/7-23-the-housing-supply-i-see-hanson-advisers\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-24T00:18:50+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/23\/7-23-the-housing-supply-i-see-hanson-advisers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/23\/7-23-the-housing-supply-i-see-hanson-advisers\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"7-23 \u2013 The Housing \u201cSupply\u201d I See &#124; 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The share has not come down much since the recovery started in 2009. Of those underwater borrowers, 6.7 million have only a\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23820,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/01\/23\/can-the-fed-keep-a-lid-on-inflation\/","url_meta":{"origin":4923,"position":1},"title":"Can the Fed keep a lid on inflation?","author":"Colin Twiggs","date":"January 23, 2021","format":false,"excerpt":"Jeremy Siegel, Wharton finance professor, says the Fed has poured a tremendous amount of money into the economy in response to the pandemic, which will eventually cause higher inflation. David Rosenberg of Rosenberg Research argues that velocity of money is declining and the US economy has a large output gap\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15091,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/04\/sorry-folks-this-aint-no-property-bubble\/","url_meta":{"origin":4923,"position":2},"title":"Sorry folks, this ain&#8217;t no property bubble","author":"ColinTwiggs","date":"April 4, 2017","format":false,"excerpt":"I have been predicting the collapse of the Australian property bubble, so feel obliged to also present the opposite view. Nothing like confirmation bias to screw up a good investment strategy. Here Jessica Irvine argues that the property bubble will not burst: Believe me, no one is keener than me\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44972,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/27\/rising-long-term-rates-could-spoil-the-party\/","url_meta":{"origin":4923,"position":3},"title":"Rising long-term rates could spoil the party","author":"Colin Twiggs","date":"October 27, 2023","format":false,"excerpt":"Real GDP for the September quarter reflects an annual growth rate of 2.9% for the US, well below the Atlanta Fed GDPNow estimate of 5.4%. Growth in weekly hours worked declined to 1.5% for the 12 months ended September, indicating that GDP is likely to slow further in the fourth\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Real GDP & Estimated Total Weekly Hours","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-26-realgdp-hours.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-26-realgdp-hours.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-26-realgdp-hours.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8385,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/03\/saul-eslake-50-years-of-housing-policy-failure-macrobusiness\/","url_meta":{"origin":4923,"position":4},"title":"Saul Eslake: 50 years of housing policy failure | | MacroBusiness","author":"ColinTwiggs","date":"September 3, 2013","format":false,"excerpt":"Leith van Onselen quotes Saul Eslake: Research by Judy Yates of the University of NSW shows that home ownership rates among younger age groups declined dramatically between the 1991 and 2011 Censuses \u2013 from 56% to 47% among 25-34 year olds; from 75% to 64% among 35-44 year olds; from\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9542,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/23\/australias-housing-affordability-crisis\/","url_meta":{"origin":4923,"position":5},"title":"Australia&#8217;s housing affordability crisis","author":"ColinTwiggs","date":"March 23, 2014","format":false,"excerpt":"This private submission by Michael Dromgool to Australia's Housing Affordability Inquiry identifies supply restrictions as the key cause of the current housing affordability crisis: Traditionally the flexible forces of demand and supply in the property market self-managed the development of land for housing. Development occurred in locations where and when\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4923"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4923\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}