U.S. Housing Prices Explosion Making Repatriation a Less Realistic Option for Many?

[EVENKEEL]

3 hours ago, heybruce said:

"...which is but one of the reasons."

 

Yes, a very small part of the reason.  Increasing demand post-Covid and restrictions on the sell of Russian energy are the primary drivers of the increase in energy prices.

So it's your position that none of biden's policies contributed to increased gas prices?

 

Just paid $6.74 for premium. 

 

https://www.washingtonexaminer.com/opinion/three-things-biden-has-done-that-increased-gas-prices

[heybruce]

21 hours ago, EVENKEEL said:

So it's your position that none of biden's policies contributed to increased gas prices?

 

Just paid $6.74 for premium. 

 

https://www.washingtonexaminer.com/opinion/three-things-biden-has-done-that-increased-gas-prices

It is my position that basic supply and demand determines gas prices. 

 

Can you identify which Biden policy or policies caused price increases?  Can you quantify how much of the price increases were caused by his policies?  Can you present a convincing argument to the fossil fuel industry that it should make a multiyear and multi-billion dollar commitment to increasing production because of a short price blip?

[EVENKEEL]

3 hours ago, heybruce said:

It is my position that basic supply and demand determines gas prices. 

 

Can you identify which Biden policy or policies caused price increases?  Can you quantify how much of the price increases were caused by his policies?  Can you present a convincing argument to the fossil fuel industry that it should make a multiyear and multi-billion dollar commitment to increasing production because of a short price blip?

It's a simple question, one which you deflect from. 

Did any of biden's speeches or policies contribute to increasing fuel prices?

 

Prove that demand for fuel increased so much between trump and biden?

[heybruce]

2 hours ago, EVENKEEL said:

It's a simple question, one which you deflect from. 

Did any of biden's speeches or policies contribute to increasing fuel prices?

 

Prove that demand for fuel increased so much between trump and biden?

"Did any of Biden's speeches or policies contribute to increasing fuel prices?"

 

Probably not, certainly not to any significant degree.  However counterfactuals are unprovable.

 

"Prove that demand for fuel increased so much between trump and biden?"

 

Wow!  Have you actually forgotten about the pandemic and it's affects on travel and the economy?   https://www.statista.com/statistics/1320443/average-monthly-us-gasoline-consumption/

[LosLobo]

2 hours ago, EVENKEEL said:

It's a simple question, one which you deflect from. 

Did any of biden's speeches or policies contribute to increasing fuel prices?

 

Prove that demand for fuel increased so much between trump and biden?

US fuel prices are now cheaper than most other Western countries in the world.

Obviously, it is a global problem.

 

Possibly, US is cheaper because of Biden's policies.

 

 

[GinBoy2]

I just don't get CA gas prices.

 

We just got back from visiting my daughter in San Diego.

 

Gas was in the $5.90 range, diesel I think was close to $7 /gal

 

Got home and I'm still paying $3.89/gal

 

Makes no frikkin sense

[EVENKEEL]

4 hours ago, GinBoy2 said:

I just don't get CA gas prices.

 

We just got back from visiting my daughter in San Diego.

 

Gas was in the $5.90 range, diesel I think was close to $7 /gal

 

Got home and I'm still paying $3.89/gal

 

Makes no frikkin sense

I just got back from Ca and San Diego as well, I use premium and $6.60 was an average. You're right, makes no sense.

[JohnOFphon]

San Diego. America's finest city. Just can't afford to live there again. 

 

[GinBoy2]

1 hour ago, JohnOFphon said:

San Diego. America's finest city. Just can't afford to live there again. 

 

I love San Diego, probably the best climate in the US.

 

I lived there for years. But going back there now, so expensive, and OMG the traffic, don't miss that for a second.

 

I joke that here in Rapid City 5 cars at a stop light turns google maps red, in San Diego thats 10 miles of stopped traffic

[KhunLA]

39 minutes ago, GinBoy2 said:

I love San Diego, probably the best climate in the US.

SD definitely my favorite CA town, and proximity to Mexico just a plus....

... 30 yrs ago ????

[GinBoy2]

So back on the original topic.

 

Prices are definitely cooling.

 

 Went down to Denver on Friday to check out my eldest daughters new house.

 

Clever girl. She sold her old place back in July to real estate investor, then rented it from him month to month.

 

Her new place originally listed for $660K, she closed at $545K.

 

Consortium of flippers that bought it at $480K and must have poured at least $100K into it, brand new appliances, new kitchen, bathroom, siding, the place is great.

 

They bought just at the wrong time, their loss, her gain. Thats how real estate works