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The cost of housing

March 22, 2013

It's ridiculous how much it costs to own a home these days. The cornerstone of our economy and one of the most important economic indicators is way off the charts....

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(44)

CMReeder

Mar-23-13 9:08 PM

Sheets is a moron.

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msgjsheets

Mar-23-13 6:13 PM

Scott, I also forgot that you do not believe in the 1st Amendment of the the Constitution of the United States of America as evidenced by your attempt to deny me the right to free speech. Good news is I won't give it up!

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msgjsheets

Mar-23-13 6:11 PM

Scott, you are a D. My judgement is based merely on your posts here. You don't believe in capitalism or free markets. You chose to look for government to take care of your perceived problems and it appears to me that you advocate government rule over private ownership of business. That makes you a Communist/Socialist/Fascist by definition. I am none of the things you have suggested I am but you are entitled to you opinion.

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ToTEXASfromPA

Mar-23-13 9:31 AM

"No, I am talking about buying, selling, renting and all of the aspects of real estate and the costs associated with it such as appraising, investing and all of those things. Is that not clear?"--ScottyB

+

No, it wasn't clear.

I did some S/G searches on S. E. Brink, Scott Brink, Scott E Brink, etc. from Trout Run and read some of your past LTE. In those, I saw disdain for the price increases in the more general aspects of the real estate market.

I went back and reread this LTE with that paradigm. I would say that you are in one of the few areas in the US that has had a growing housing market due to the influx of other business; generally, the rest of the US has seen a decline or stagnation in housing prices. Local prices have been driven by supply and demand.

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CMReeder

Mar-23-13 8:26 AM

"Another writer who knows nothing about economics. Employers don't control wages. The market controls wages, and right now the job market is terrible. Realtors do not control housing prices, the market controls housing prices. All of this works great until government interferes and then everything goes haywire. All it would take to fix everything is for government to get out of the way."

Let's see thye 'markets' are at an all time high yet inequality of income is the widest it has been in ages. Wages have not risen with the markets. Government stepping in and securing the financial markets prevented a another Great Depression.

The markets blew everything out of proportion.

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eriklatranyi

Mar-23-13 8:14 AM

rick:

I hope you realize that they have not even tapped 1% of the available natural gas yet.....and New York has not started drilling!

There is so much natural gas (not just in the Marcellus/Utica) that the world has a virtually unlimited supply.

So, exporting some gas now will have no effect on the supply.

That export business will also create a few thousand jobs in Baltimore and Philadelphia (where some two LNG terminals are being built).

The export of NG lowers our trade deficit and increases our manufacturing base.

Low priced NG is a huge benefit for the poor and elderly. That means we do not have to subsidize heating as much.

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ToTEXASfromPA

Mar-23-13 12:04 AM

"I've worked for plenty of employers who pay as little as possible to employees while spending huge amounts on so-called high caliber talent who come up with lame brained ideas that wind up wasting huge amounts of capital in new projects where they could have done better with more innovative and cost cutting approaches."--ScottyB

+

Please don't take the following comments as some type of elitist statement nor am I saying that one type of person is better than an other.

There are generally two types of people that work for a company. First, there are those that develop ideas and recommendations to grow the business. Secondly, there are those that do activities to manufacture a product or perform a service that is sold. Even though both types of people are needed for a business to succeed, generally those that create the growth ideas are paid the most.

Some of those lame-brain ideas flop, but the day a business stops finding ways to grow is the first day of death.

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gavinf56

Mar-22-13 11:56 PM

Yea, yea. I don't like my lot in life and it's somebody else's fault.

Stop being a victim.

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ScottyB

Mar-22-13 11:50 PM

No, I am talking about buying, selling, renting and all of the aspects of real estate and the costs associated with it such as appraising, investing and all of those things. Is that not clear?

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ToTEXASfromPA

Mar-22-13 11:40 PM

"As for Texas' comments about buying a house, I don't think buying a house is the issue here."---wwhickok

+++

Mr. Brink talked about owning a home, the cost of a home, developers, etc. I assumed that he was discussing buying it. I guess I missed something!!

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ScottyB

Mar-22-13 10:45 PM

MSGSHEETS, You are A. A Judgmental person. B. An Angry Person. or C. Both the above.

Don't label me and if you can't keep off the trollish comments then don't comment at all.

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ScottyB

Mar-22-13 10:42 PM

One last thing. I'm sure that housing prices can't possibly be high due to the increasing tendency of people to place their primary assets in their houses, having them appraised and appraised until they get a value they like. It happens... and the values, I think are inflated beyond what they're worth while the wages for employees, if you value them as human beings an not just assets, don't keep up. Many employers can pay more but just don't want to because they're greedy. Or is that not possible in the right wing mind? I've heard of many instances of people who own businesses who share the wealth of their company with the employees and, in fact, remember one such case where a man who WAS SATISFIED AT THE MILLIONS HE MADE sold the company and split the revenue with the employees. I guess I just think that altruism can go a long way towards pulling up those on the bottom who don't have the ability to finance their own start up. We can't all be business owners.

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ScottyB

Mar-22-13 10:35 PM

No, I'm not calling for socialized anything folks, just a little looking out for your fellow man but I guess that's evil in many people's minds. I'll admit I'm something of an idealist. While I DO know about supply and demand, the cold logic of charts and graphs don't explain a lot of things that happen in the so called 'free market'. I lean left on some things and right on others. I've worked for plenty of employers who pay as little as possible to employees while spending huge amounts on so-called high caliber talent who come up with lame brained ideas that wind up wasting huge amounts of capital in new projects where they could have done better with more innovative and cost cutting approaches. I've seen it time and time again and don't tell me you haven't seen living examples of the Peter Principle at work. If you want specific examples I can certainly give them. And what this has to do with housing I would think would be obvious but that can be spoon fed too.

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ScottyB

Mar-22-13 10:28 PM

Yes I do have an understanding of economics. Apparently you don't have an understanding of how some people/entities wish to remain not simply profitable but head and shoulders above their workers. I know, I know, they are taking all the risk and shouldn't be told how rich they can be. What I'm simply saying is that a simple dollar or two raise for their employees can make huge differences in their quality of life. I have worked plenty of jobs and have earned good wages. I've never been the one working on the low end but I've always felt bad for those who do and felt that they were being screwed. For example, a local business in Lock Haven who built a state of the art facility for 230 million pays it's machine operators 9.00 and hour and it's techs upwards of 19 or 20. I was one of those. There was no reason in my mind why they couldn't pay their operators, say, eleven an hour. They would be happier and able to afford more things thus spending it in the local economy.

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msgjsheets

Mar-22-13 8:08 PM

Rick, I'd bet you the vast majority of those so called "Out of Staters" you see at Sheetz are actually pre gas boom locals. Don't be fooled by the license plates on their company trucks. Of course you will never admit this because you can't admit any local benefit of the gas industry. Would that Sheetz even be here for you to go to if the gas industry wasn't here to support it? Then that guy behind the counter wouldn't even have a job.

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msgjsheets

Mar-22-13 8:05 PM

Survey: Is Brink, a. A Communist, B. A Socialist, c. A Fascist, d. All of the above.

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rick424

Mar-22-13 5:41 PM

Erik, why not cherish the glut. Why is the industry so eager to use the gas. Why not save if for our future. Face it, it will run out and when the world is short at least we will have something. Instead they are eager to ship it overseas. So much for energy independence.

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philunderwood

Mar-22-13 5:07 PM

Enigma, spot on! I agree.

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eric88

Mar-22-13 3:10 PM

Dear letter writer,

Please learn to live within your means.

Sincerely, Common Sense

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eriklatranyi

Mar-22-13 2:33 PM

Rick424:

The gas drilling has slowed die to a glut on the market. That glut was created in 2 years and from a tiny fraction of the possible wells.

We are not accustomed to an industry based on a commodity. In Texas, the have lived through the boom-bust of oil prices. It is not a steady industry.

But, then what is a steady industry? Manufacturing goes up and down with the economy. Electronics are incredibly volatile.

There is no magic industry that always expands......except government.

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wwhickok

Mar-22-13 1:09 PM

Enigma, spot on!

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wwhickok

Mar-22-13 1:08 PM

I agree with the point of your original comment but what I 'disagreed with' is limiting it just to what "people are willing to pay". It's not that simple, there's a difference between being willing and having no alternative and for many in Williamsport and the surrounding areas, we have no alternative because if we had our way we'd be paying much less, so it's not a matter of willingness. Local Wages/Economic Inflation/Supply vs Demand is what sets housing costs. There is a much smaller supply than there is a demand within the city of Williamsport. The citizens, unless they want to be homeless, have no alternative but to pay the prices even if it means they have to struggle.

As for Texas' comments about buying a house, I don't think buying a house is the issue here. Frankly, if you have the credit to buy a house it's smarter to do so. The mortgages on many houses are comparable to rent prices. Might as well own a house if you can, rather than rent.

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mikekerstetter

Mar-22-13 11:59 AM

wwhickok-"Mike, I partly disagree with you. The prices for housing here in Williamsport began to rise when the Gas Industries came rolling into town, because rather than landlords sticking with their current tenants, they realized they could make a considerable amount more money and rent to the Gas Industry."

So you really are agreeing with me. Prices are set by what someone is willing to pay.

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enigma

Mar-22-13 11:41 AM

Another writer who knows nothing about economics. Employers don't control wages. The market controls wages, and right now the job market is terrible. Realtors do not control housing prices, the market controls housing prices. All of this works great until government interferes and then everything goes haywire. All it would take to fix everything is for government to get out of the way.

14 Agrees | 2 Disagrees | Report Abuse »

ToTEXASfromPA

Mar-22-13 11:30 AM

Cont>>>

It might take years but if you are in it for the long haul instead of instant gratification, you will get there.

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