3/ that's not remotely my argument my argument is that we construct on the order of 1.7 mill new houses per year ; Blackrock buying 1,000 houses (or 30 minutes worth of production)...AND THEN RENTING THEM TO PEOPLE does not remotely constrict supply https://twitter.com/AndToddsaid/status/1403065002265821185 …
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4/ sigh I keep RTing and adding comment to the above tweet, and it gets deleted, reposted, deleted ...
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Replying to @AndToddsaid
I am? I'm responding calmly; you're deleting stuff.
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Replying to @MorlockP
I wasn't embarrassed, I thought I could do better. I don't think I missed your argument at all. Sure, 1.7 mil houses get built every year. Do those split evenly across all price ranges? Doubt it. Again, things aren't a problem for people who can bear them is a trivial take.
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Replying to @AndToddsaid @MorlockP
Evenly, proportionally, whatever. You understand my point. In before
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Replying to @AndToddsaid
I DON'T understand your point, actually or, maybe I do, but if I do, then it's a confused point that has nothing to do with what I'm arguing...so I hope / think that maybe I'm not understanding it
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Replying to @MorlockP
Houses are a lot less fungible than you make them out to be. But maybe I'm misreading this and in the long run, it's a good thing. Right now, when you bid on a house, the effective market size is one house. With Blackrock, maybe eventually one buys house the same way as Doritos.
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Replying to @AndToddsaid
> Houses are a lot less fungible than you make them out to be. I haunt http://realtor.com all the time for fun, and whole identical houses don't exist outside of development tracts, the market for "3 bed, 2 bath, upper middle class, 1/2 hr from city X" is huge
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Replying to @MorlockP
Friend, I just bought a house while the market was bottomed out. I didn't just log on yesterday. I could congratulate myself on my excellent timing and sit this out, but maybe I've seen It's a Wonderful Life a few Christmases and actually think Mr. Potter was a bad dude.
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I have no idea what claim you're making.
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