Foothills

Federal, State and Local tax collections plus the unending deficits combined are about 40% of US GDP. Yes, government is 40% of the US economy.

@amlivemon Tell me how that military has worked out against Iran and the Middle East as a whole over the last 25 years 10 trillion later. All wasted in lives and money resulting in inflation for the US and an empty manufacturing base dependent on imports from a communist country.

It is when you are the issuer of global currency and most powerful military by 100 years…

@JAxonius @jonbrooks Train tech has had 8-13% net margins for 15yrs. Weyerhaeuser has had 5-12% net for the same time. Boom and slow. Margins are controlled by supply and demand but they are already extremely low even during boom times.

@Foothillseyes @jonbrooks The margins are a function of demand and/or supply.

Does this look like a housing shortage to you?

@JAxonius @jonbrooks “Build smaller affordable homes”. Lot development and utilities cost the same. Lowest price for 1,600sqft is 330k, not the 250k talking points and people out of the industry believe. High prices are here to stay. This happens when you borrow and print 6 trillion + 3 trillion/ yr

I am the only person on the planet that knows why housing prices are high. Materials and labor you god damn dumb fucks. 3bd, 2bth house will cost AT LEAST, 300k to build even in the worst of neighborhoods. And that would be a GOOD deal. 400k average price is here to stay, Not long to hit 500k.

2021 Kuka KR360 Robot, controller, and rail sitting at $1750 right now

@TheOnlyKrampus @jonbrooks You cannot build a 1,600sqft home for 250k😂. Builder margins are 10%….20% if developing land.

@Foothillseyes @jonbrooks That’s the issue. Profit margins. Nobody wants to build the $250k home because they earn more building that $450k home.

We want builders to build starter homes at $200–250k so the next generation can actually... start. Instead, they sell $400–500k+ homes and call them “starter homes.” $3,190/month is NOT a starter home.

@PepperJacked2 @girolle01 @unusual_whales Clearly you are not. You have said corporate profits, commodities and manufacturers are raising prices. I have shown you otherwise. When a country borrows 3 trillion per year and also prints 6 trillion it reduces the purchasing power of the currency. Pretty simple.

@Foothillseyes @girolle01 @unusual_whales Clearly you're not on track here.

BREAKING: US mortgage rates rise to 6.66%, highest level in a year

@PepperJacked2 @girolle01 @unusual_whales Let’s say the manufacturer should run 0 margin. The product is still $190…..😂

@Foothillseyes @girolle01 @unusual_whales Commodities are over priced,what drives commodities,oil and supply and demand for it.Also, 5% on $100 is less than 5% on $200. You're making more money off the same margins they are not dropping prices. Oil went down for bit no change and they are not going 2

@PepperJacked2 @girolle01 @unusual_whales Oil price is the same as in 2007. Wheat is the same price as 2007. Is there more demand? Yes. Your analogy, if a producer is now charging $200 vs 100 and is at 5% margin they should cut to 2.5% margin? They could cut their margin in half and be nowhere near 100😂

@jonbrooks Ok. Go develop land and try to build a 1,600 sqft house for that price. Let me know how it all turns out!😂

@TheOnlyKrampus @jonbrooks Well, what’s stopping you from building exactly that home for 200-250k? You’ll make a killing I’m sure. All you have to do is believe you can😂

@jonbrooks I agree. They need to build the 1500-2000 sqft starter home that doesn’t have 100% brick, marble counter tops, hardwood floor, tile, etc. Needs to be basic 3 bedroom, 2 bath with a 1 car garage + carport (that could be used as a patio).

@PepperJacked2 @girolle01 @unusual_whales They’re not higher now. Those are ultra low margins. Weyerhaeuser is a commodity producer, wood, with a current 5% net. Freeport MCmoran, the largest copper producer in US has currently a 11% net. So again, how are commodities over priced and producers over charging?

@Foothillseyes @girolle01 @unusual_whales No it won't. because unfortunately they don't have too. Commodities build things why lower commodity prices when companies inflated prices on goods and people still buying. It's not going to come down. Those aren't really good margins I bet there higher now

@PepperJacked2 @girolle01 @unusual_whales Commodities won’t come down because of house prices? Trane tech one of the largest hvac manufacturers has a 15 yr trend of 8-13% net margin. Weyerhaeuser, lumber has a 15yr net margin of 9%, currently 5%. Once again, it isn’t home price, rates or manufacturers driving inflation

@Foothillseyes @girolle01 @unusual_whales That's my whole point commodities won't come down bc of housing prices. Also corporations are holding on to those increased margins consumer still buying they are complaining but not hurting enough to stop spending.

PSA: Fauci didn’t get his ass handed to him by anybody. What you saw is him remaining above the law in an act of political theater. These hearings took place after the statute of limitations expired and he’s been pardoned. It’s a mistake to believe political theater is reality.

Unpopular opinion: They brought back the Fauci story to distract us from the disaster that’s occurring in Iran.

@girolle01 @PepperJacked2 @unusual_whales Yes, and that should have passed by now. It’s all caused by government policies and money printing. This is why countries like Finland,Switzerland, Taiwan, Hong Kong among 26 others are experiencing deflation, even with low interest rates.

@PepperJacked2 @Foothillseyes @unusual_whales Inflation increased during Covid because there was a global shut down of supply.

@PepperJacked2 @unusual_whales Mortgage rates in the US stayed at 4% through the 1950s and wages grew at double digits but home prices remained stable. Seems like all that extra money would have driven up home prices. I wonder what was different?

@Foothillseyes @unusual_whales That's Not what happened with the American housing market.

@PepperJacked2 @unusual_whales So government policies as in Blackrock buying single family homes and borrowing at rates lower than any mortgage, correct?

@Foothillseyes @unusual_whales One of the reasons. blackrock paying cash over asking during it all didn't help.