Something to consider when pushing housing density.

[[DHT]Osiris]

You know density makes housing cheaper, right?

I'm not seeing it. I guess it's anecdotal but every apartment complex that goes up in my city is more expensive than the previous. Multi-story complexes full of $2k+/mo apartments. More $500k+ single family homes being built. More forests shredded down.

 

[sandorski]

Do you need to worry about wolves? I got cayotes in the woods near my house.

Coyotes are not wolves and they are weaksauce compared to the Bears that showup in these parts. Coyotes are just yappy dogs.

 

[fskimospy]

I'm not seeing it. I guess it's anecdotal but every apartment complex that goes up in my city is more expensive than the previous. Multi-story complexes full of $2k+/mo apartments. More $500k+ single family homes being built. More forests shredded down.

So to be clear you think supply and demand doesn’t apply for housing?

 

[[DHT]Osiris]

In fact, here's the 'affordable housing' the new high capacity construction is getting us around here.

 

[[DHT]Osiris]

So to be clear you think supply and demand doesn’t apply for housing?

I think that when the supply is constrained to a specific price range, the demand appears to reflect reality when in fact people are just dealing with it. There's a reason housing cost used to be a recommended 33% of net, then 33% of gross, and now 50% of net, etc.

 

[fskimospy]

I think that when the supply is constrained to a specific price range, the demand appears to reflect reality when in fact people are just dealing with it. There's a reason housing cost used to be a recommended 33% of net, then 33% of gross, and now 50% of net, etc.

So why is the supply constrained?

 

[fskimospy]

In fact, here's the 'affordable housing' the new high capacity construction is getting us around here.
View attachment 89822
View attachment 89823

This is like saying you shouldn’t build new cars because only rich people buy new cars.

 

[[DHT]Osiris]

So why is the supply constrained?

Because those funding the construction isn't targeting people who can afford $1k/mo housing, they're targeting people who can afford $2.5k/mo housing. Mind you, that doesn't mean they'll fill every unit, but there's no inexpensive apartments in the place.

 

[[DHT]Osiris]

This is like saying you shouldn’t build new cars because only rich people buy new cars.

No, it's like saying you shouldn't only build $100k cars because you'll have an entire underclass of people who won't get to own a car anymore.

 

[fskimospy]

No, it's like saying you shouldn't only build $100k cars because you'll have an entire underclass of people who won't get to own a car anymore.

if you don’t build new houses the rich people compete for the existing houses and guess what - they win.

 

[fskimospy]

Because those funding the construction isn't targeting people who can afford $1k/mo housing, they're targeting people who can afford $2.5k/mo housing. Mind you, that doesn't mean they'll fill every unit, but there's no inexpensive apartments in the place.

No. Building new housing helps people at every level. It is basic economics. Supply and demand.

 

[[DHT]Osiris]

if you don’t build new houses the rich people compete for the existing houses and guess what - they win.

But the existing houses aren't getting cheaper as they move out, they're getting more expensive too.

Home built in 2000 for 150k, sells in 2020 for 600k, person buys new home in 2020 for 600k, where exactly does that 150k (even plus inflation) buyer get a home in 2020?

 

[fskimospy]

But the existing houses aren't getting cheaper as they move out, they're getting more expensive too.

Home built in 2000 for 150k, sells in 2020 for 600k, person buys new home in 2020 for 600k, where exactly does that 150k (even plus inflation) buyer get a home in 2020?

They are getting more expensive because building isn’t meeting demand!!

This is the whole point!

 

[fskimospy]

This is basic economics. Government regulation has prevented housing supply from meeting demand. Therefore housing gets more expensive.

 

[[DHT]Osiris]

They are getting more expensive because building isn’t meeting demand!!

This is the whole point!

But nothing is being built but expensive shit! Nobody is building 1500 sqft homes for 100/sqft, it's all 2000+sqft homes for 500k+, or 7+ story apartment complexes for the above prices. Literally constant construction, all expensive as shit.

 

[fskimospy]

But nothing is being built but expensive shit! Nobody is building 1500 sqft homes for 100/sqft, it's all 2000+sqft homes for 500k+, or 7+ story apartment complexes for the above prices. Literally constant construction, all expensive as shit.

Right. So most new cars are expensive, and rich people buy new cars. What happens to the cars the rich people used to own?

 

[[DHT]Osiris]

Right. So most new cars are expensive, and rich people buy new cars. What happens to the cars the rich people used to own?

They sell them for used prices.

Spoiler: There's no such thing as used prices for homes. They go up every year.

For the record, my local housing and economic development committee agrees with me.

 

[fskimospy]

They sell them for used prices.

Spoiler: There's no such thing as used prices for homes. They go up every year.

For the record, my local housing and economic development committee agrees with me.
View attachment 89824

Yes, because the government constrains supply.

So yes - the rich people buy the fancy new houses and then they sell their old new houses for cheaper.

Are you saying supply and demand does not apply for housing?

 

[[DHT]Osiris]

And here's an intent vs reality.

I guess you could force change through regulation!

 

[fskimospy]

And here's an intent vs reality.
View attachment 89825
I guess you could force change through regulation!

The regulation is BANNING new housing construction. Lol.

 

[[DHT]Osiris]

Yes, because the government constrains supply.

So yes - the rich people buy the fancy new houses and then they sell their old new houses for cheaper.

Are you saying supply and demand does not apply for housing?

Where are you seeing the rich sell old houses for cheaper? Name a single county in the united states where housing prices have dropped from purchase price to later sale price since 2008/2009.

 

[fskimospy]

It’s a dark and depressing place where people have lost the plot so completely that they think the results of banning housing are really the results of constructing housing.

 

[fskimospy]

Where are you seeing the rich sell old houses for cheaper? Name a single county in the united states where housing prices have dropped from purchase price to later sale price since 2008/2009.

Because.

Housing.

Constriction.

Is.

Banned.

 

[[DHT]Osiris]

It’s a dark and depressing place where people have lost the plot so completely that they think the results of banning housing are really the results of constructing housing.

I've got no issue with housing being built, and it shouldn't be 'banned'.

 

[[DHT]Osiris]

Because.

Housing.

Constriction.

Is.

Banned.

Where? There's no construction being banned here. Are we talking about your city again?