Comments by Steven Hyman
May 25, 2006
Steve, My point was that if there is no problem with exceeding the current cap on building, why alter it. When anybody puts a cap that restricts the supply, that is a quota as I see it. It doesn't matter if it is for immigriation visas or building permits. And when the demand exceeds the supply, you have a problem. In the City of HMB, building permiits were significantly reduced. Compounding this reduction was the fact that the majority of these permits were previously allocated to a developer under…
May 24, 2006
Kevin, As a real estate broker, I obviously make make my living by selling homes and land. I will say that most of my views are shaped on economic principles. I am a big believer in the free market and that the laws of supply and demand will produce the best results. I also believe that most of the time when the government gets involved, they alter this balance and usually mess things up. I think history has proven that quotas, price controls don't work. The smart people always find the loopholes…
May 24, 2006
Kevin, I question whether the 2% growth really matters. I don't think we have ever on the Coast built that many homes. When you look at the number of homes sales for any given year, you'll see that there really isn't the strong demand to live here. On a good year, which this isn't, we only sell 400 homes. This year, we will be lucky if we even sell 300 homes. So adding a large supply of additional inventory would be hard to absorb. Don't forget that there will always be the constant supply of people…
May 22, 2006
Hi Francine, In the HMB Review this week I wrote an article compairing the impact on the closure of Devil's Slide regarding real estate back in 1995 to now. It is really too early to see the financial impact yet on property values because most sales that took place after April 2nd haven't closed escrow yet. What has happenned this year is that home prices are even with 2005 but volume is down significantly. I personally think based on current sales and sales pending info year to date that this year…
Page 12 of 12 pages ‹ First < 10 11 12
Facebook
Twitter
RSS