Fed's "Soft Landing" Strategy Seems to be Working

[disneysteve]

What you call untrue is very true for them.

By the way, that's not how truth works. It's not open to opinion. If something is true, it's true no matter who you are. The US economy is doing very well. That's a fact. That doesn't necessarily mean that one individual's personal situation is doing very well. The unemployment rate might be 4% and historically low but for the person who just got laid off, their unemployment rate is 100%. That doesn't change the truth that the national rate is excellent.

[ua_guy]

The "economy" is objectively good by the historical standards by which it's been judged.

If a farmer can't make money or a builder is facing increased costs, then they should raise prices. I really don't understand how homebuilders wouldn't be able to make a boatload of money in most areas of the country. Materials have gone up, but housing prices have gone up by at least as much. If it costs $600k to build a home that sells for $1.5 Million, and a few years later it now costs $900k to build a home that sells for $1.9M....uh....is the math really that hard? The market is handing these builders profit, and they largely control the supply.

Farmers...that's a different issue. Highly political. They insist on the type of "free market" forces that control pricing for them, and they're also at the whim of mother nature.

[LivingAlmostLarge]

I pointed out to my mom the economy good. She's made a lot this year in the stock market. The inflation? Bad.

[bjl584]

The "economy" is objectively good by the historical standards by which it's been judged.

If a farmer can't make money or a builder is facing increased costs, then they should raise prices. I really don't understand how homebuilders wouldn't be able to make a boatload of money in most areas of the country. Materials have gone up, but housing prices have gone up by at least as much. If it costs $600k to build a home that sells for $1.5 Million, and a few years later it now costs $900k to build a home that sells for $1.9M....uh....is the math really that hard? The market is handing these builders profit, and they largely control the supply.

Farmers...that's a different issue. Highly political. They insist on the type of "free market" forces that control pricing for them, and they're also at the whim of mother nature.

From what I read, a lot of the homebuilders have their hands tied by the increased regulations and permitting fees required to build. The amount of money and time that it takes to get approval to start construction makes building unprofitable in some areas.