We need more people so we can have this?

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hal2kilo

Lifer
Feb 24, 2009
26,029
12,270
136
Periodically my husband muses that it might be nice to own a house again until I point out that basically everything here is sub 1000 square feet, built in the 20s (often one bathroom), and effectively double the price per built square foot we paid for our condo.
You can find all kinds of them at Newport beach for unbelievable prices.
 

MtnMan

Diamond Member
Jul 27, 2004
9,408
8,805
136
COVID era and hangover demand has done no favors for the US housing shortage and subjected other places to huge cost of living increases which were formerly not. I made an unreasonable profit from just having the random good luck to buy a house in Austin in mid 2019 and sold in early 2022. Good for me personally but not good for the country really. We need a lot more housing.
I see people turn over homes for often huge profits all the time, BUT unless you move to some shithole town, the cost of your next home has also gone up exponentially, because that homeowner is also reaping a huge profit on their investment. Or new construction which is comparable priced due to demand and materials cost.

The winners?

The Realtors collecting 6% on both ends.
 

Paratus

Lifer
Jun 4, 2004
17,634
15,822
146
HqAjNOi.png


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Boy it’s almost like @fskimospy is right.
 

Zorba

Lifer
Oct 22, 1999
15,613
11,255
136
HqAjNOi.png


xxWXge7.png

1m6LcGS.png

Boy it’s almost like @fskimospy is right.
What's YIMBY? I know NIMBY but not starting with a Y.

My local city council commission a housing stock analysis that was reported out on a few weeks ago. The comments from the crowd were like they were from a cartoonized villain from one of @fskimospy posts.

They are starting to build a 43 unit townhome complex across the street from me, would be great for my mom. But more than half of it sold in the two days from announcement to me talking to the developer. Obviously there is a demand, I'm hoping there is a lot more supply coming.
 

Paratus

Lifer
Jun 4, 2004
17,634
15,822
146
What's YIMBY? I know NIMBY but not starting with a Y.

My local city council commission a housing stock analysis that was reported out on a few weeks ago. The comments from the crowd were like they were from a cartoonized villain from one of @fskimospy posts.

They are starting to build a 43 unit townhome complex across the street from me, would be great for my mom. But more than half of it sold in the two days from announcement to me talking to the developer. Obviously there is a demand, I'm hoping there is a lot more supply coming.
I believe it stands for Yes In My Backyard
 

ivwshane

Lifer
May 15, 2000
33,509
17,003
136
No other programs with regards to homelessness where started or improved?
 

fskimospy

Elite Member
Mar 10, 2006
87,935
55,288
136
It’s a good question.
Certainly a reasonable question to ask but the most likely story from those charts is the obvious one:

Cheaper housing -> more people can afford housing -> fewer homeless.

Because again, homelessness for the most part is not about mental illness or drug addiction. It’s about not being able to afford a home. This is why West Virginia has one of the lowest homelessness rates in the country despite basically being an OxyContin addiction center masquerading as a state.
 

Moonbeam

Elite Member
Nov 24, 1999
74,735
6,759
126
Certainly a reasonable question to ask but the most likely story from those charts is the obvious one:

Cheaper housing -> more people can afford housing -> fewer homeless.

Because again, homelessness for the most part is not about mental illness or drug addiction. It’s about not being able to afford a home. This is why West Virginia has one of the lowest homelessness rates in the country despite basically being an OxyContin addiction center masquerading as a state.
What if:

Wouldn't that mean that the answer to homelessness is a guaranteed income moderated, perhaps, by government owned housing the design of which could be delegated to universities. Growth, in America, is like a viral form of cancer and cities like Los Angeles a chaotic mess. Many of our cities need to be leveled and rebuilt. Corporations should be required to provide on highly regulated onsite housing.