Housing

[MajorRewrite]

A simple and effective way to encourage more apartment development by speeding up allowed depreciation.

Under current law, developers must deduct the cost of building new housing over 27.5 years. That delay erodes the real value of the deduction, raising the after-tax cost of construction and discouraging new housing supply.

The result of this system is that fewer projects pencil out and, thus, fewer homes get built. Which is why, when cost recovery for housing improved in the early 1980s, multifamily construction surged. And when Congress lengthened depreciation schedules a few years later, housing construction collapsed.

Seems like a no-brainer.

 

[ll74]

View attachment 2605667

So answer your own question.

 

[Chernosoth]

The Michigan state government bought and will demolish most of a neighborhood for speculation. There's no agreement to build anything there.

 

[justawnnabewriter]

Santa Fe attempts to tackle affordability with two initiatives related to housing.

First, they’re increasing the minimum wage and tying future increases to the cost of living and local rent:



Second, they’re imposing a 3% tax on home sales on the amount over $1 million (basically a wealth tax):

Shame on them for a wealth tax

 

[dmallord]

The President is holding the highly approved Housing Relief Bill hostage! Yesterday, his press secretary said he was proud to see the bill arrive on his desk and that it was scheduled to be signed this morning.

Lo and behold, he renigged on his promise to sign the bill. Instead holding it hostage for a passage of his voting rights pet project instead. That bill is DOA. It’s failed and doesn’t have enough Republicans supporting it in the Senate.

Another ‘peace deal’ gone bad.

Sorry, house buyers, you aren’t getting White House support today.

 

[dmallord]

The bipartisan housing bill became law at midnight without the President’s signature. Imagine that. The sun did shine somewhere over Washington, D.C., today.

 

[latecomer91364]

There are 50 states in the U.S., each with its own culture, although some are very similar.

There officially 44 countries in Europe, each with its own culture, although some are very similar.

The USA is only half a million square miles less in size than all of Europe.

What's the fucking point here?

 

[dmallord]

There are 50 states in the U.S., each with its own culture, although some are very similar.

There officially 44 countries in Europe, each with its own culture, although some are very similar.

The USA is only half a million square miles less in size than all of Europe.

What's the fucking point here?

This thread is about housing in the USA. Not cultural differences or similiarities.

The discussion is about afordability in the market.

About Trump saying he would sign the bill for housing relief then changed his mind fifteen minutes before the signing. Held it on his desk and let the bill become law automatically after ten days w/o his signature. His temper tantrum for not passing the Save America Voting Bill first.

Fucking is in another thread and isn’t the point of this one, except maybe in a broader way about it including trump.

 

[briancamdudetenger2018]

there are probley alternate earths in the multiverse where all housing are the same

 

[MajorRewrite]

An interesting short about how hundreds of thousands of homes were built during WWII and housing affordability.

 

[Saint_Ann]

There must be some way to repurpose all those dead shopping malls.

 

[Ihavebeenreadingfor39yrs]

There must be some way to repurpose all those dead shopping malls.

There is a really good documentary on something like that.

 

[dmallord]

Not taking a windfall profit because you don’t want to pay a fraction of the profit in taxes is an unsophisticated financial decision.



Do you have any proof of those “millions”, or did you just make it up?

I’m an old person and I don’t know any old people who expect their heirs to live in their house after they pass. Their kids are off living their lives.



Sure, but none of that is relevant to the discussion.

Anyway, as I said, I have no problem with raising the exemption because of inflation.

“You’ve got to think about this as a Venn diagram,” Ullrich told Fortune. “Forty-nine percent of them are living at home. 47% of them are getting help from someone outside their household, which doesn’t include those living at home. There’s a lot of adult children getting financial support from their parents.” comes from Fortune.com article. If they are not able to afford prices today no way the economy is going to support them tomorrow either. The clear choice is to take over their parent’s home as an affordibilty factor. You and I are old; me older than dirt at this point. And this doesnt factor into the discussion but just a $0.02 worth of thought.

 

[dmallord]

Market is bad. Been bad for more than a year and a half. I am liquidating at a bad time. Had one house sell July. On the market for over 1 1/2 years without only two showings. Got a low ball offer and took it - Investor - 34K under ‘so called market’ Got another one same situation. Dropped price 50K still not bites. Tell me Republicans aren’t to blame for it. I’ll dispute it with you.

 

[eric_erosfan]

Market is bad. Been bad for more than a year and a half. I am liquidating at a bad time. Had one house sell July. On the market for over 1 1/2 years without only two showings. Got a low ball offer and took it - Investor - 34K under ‘so called market’ Got another one same situation. Dropped price 50K still not bites. Tell me Republicans aren’t to blame for it. I’ll dispute it with you.

There is a small "starter" house nearby. The husband died and the wife is in a nursing home. Built in the 50s and from the listing it appears interior updates stopped in the 70s. Listed at $700K. For a starter home that needs a lot of updating. So if the sellers have to drop the price from there does that mean the market is bad or that buyers are not fools?

 

[BabyBoomer50s]

Market is bad. Been bad for more than a year and a half. I am liquidating at a bad time. Had one house sell July. On the market for over 1 1/2 years without only two showings. Got a low ball offer and took it - Investor - 34K under ‘so called market’ Got another one same situation. Dropped price 50K still not bites. Tell me Republicans aren’t to blame for it. I’ll dispute it with you.

Buyers and others concerned about housing affordability in the market you’re selling in would disagree with your assertion that the “market is bad.”

 

[Baztrachian]

There must be some way to repurpose all those dead shopping malls.

Amazon and other such companies are retasking closed malls into distribution centers. Especially when the closed mall has easy freeway access.