Housing

[MajorRewrite]

An overview of the sad state of housing in the US. She shows how high prices are pushing more people down through the funnel to live in desperate options like RVs and sheds. And then to homelessness, of course.

This isn’t a problem that Trump has caused. It’s a longstanding issue that isn’t going to improve without some new approaches, but nobody has even identified what those approaches might be yet.

 

[Wilson23]

This isn’t a problem that Trump has caused. It’s a longstanding issue that isn’t going to improve without some new approaches, but nobody has even identified what those approaches might be yet.

Well, have economists figured out the following?

1. WHY housing costs have risen faster than general inflation.

2. Whether any other country has found effectual solutions to similar problems.

 

[Baztrachian]

Republicans don’t even have concepts of a plan:

Sure they do. The problem you have is the GOP wants to get rid of excessive and redundant permitting processes like what's slowing down the rebuilding in Los Angeles. The GOP wants to get rid of regressive 'prevailing wage' laws and regressive 'project labor agreements' that sometimes double the cost of construction labor in the name of organized unions like SEIU.

Getting rid of regressive laws like California's Environmental Quality Act (CEQA) that expensively and extensively subject construction projects to costly delays and then, even when the projects are finally approved CEQA allows third parties to sue and stop the projects. The majority of CEQA lawsuits being filed by SEIU who uses the lawsuits to blackmail construction firms into agreeing to project labor agreements that benefit SEIU.

SEIU is using a legal process to extort money.

Get the government and the corrupt, mobbed-up union out of the way and housing can be built quickly and more affordably.

And the Democrats in California have to do this, not the Republicans, because the Democrats control California.

Which means you don't get to blame Republicans for the failure happening in California. The Democrats are fucking up that state all on their own.

 

[Wilson23]

Sure they do. The problem you have is the GOP wants to get rid of excessive and redundant permitting processes like what's slowing down the rebuilding in Los Angeles. The GOP wants to get rid of regressive 'prevailing wage' laws and regressive 'project labor agreements' that sometimes double the cost of construction labor in the name of organized unions like SEIU.

Getting rid of regressive laws like California's Environmental Quality Act (CEQA) that expensively and extensively subject construction projects to costly delays and then, even when the projects are finally approved CEQA allows third parties to sue and stop the projects. The majority of CEQA lawsuits being filed by SEIU who uses the lawsuits to blackmail construction firms into agreeing to project labor agreements that benefit SEIU.

SEIU is using a legal process to extort money.

Get the government and the corrupt, mobbed-up union out of the way and housing can be built quickly and more affordably.

And the Democrats in California have to do this, not the Republicans, because the Democrats control California.

Which means you don't get to blame Republicans for the failure happening in California. The Democrats are fucking up that state all on their own.

Do the Republicans have any concepts of a plan that DON'T involve deregulation or reliance on the private sector?

Because that approach never seems to produce good results in ANY field of the economy. It didn't under Reagan, and it won't now.

 

[MajorRewrite]

Sure they do. The problem you have is the GOP wants to get rid of excessive and redundant permitting processes like what's slowing down the rebuilding in Los Angeles. The GOP wants to get rid of regressive 'prevailing wage' laws and regressive 'project labor agreements' that sometimes double the cost of construction labor in the name of organized unions like SEIU.

Getting rid of regressive laws like California's Environmental Quality Act (CEQA) that expensively and extensively subject construction projects to costly delays and then, even when the projects are finally approved CEQA allows third parties to sue and stop the projects. The majority of CEQA lawsuits being filed by SEIU who uses the lawsuits to blackmail construction firms into agreeing to project labor agreements that benefit SEIU.

SEIU is using a legal process to extort money.

Get the government and the corrupt, mobbed-up union out of the way and housing can be built quickly and more affordably.

And the Democrats in California have to do this, not the Republicans, because the Democrats control California.

Which means you don't get to blame Republicans for the failure happening in California. The Democrats are fucking up that state all on their own.

Your rant about California regulations and unions doesn’t explain why home prices and rents have soared across the nation, regardless of local politics.

 

[MajorRewrite]

Despite what almost everyone says, an imbalance in supply & demand is not the cause of the housing cost crisis.

From 2000 to 2025:
Number of households grew 26% (population grew 21.1%)
Number of housing units grew 28%

So the construction industry output was outpacing growth, and prices should have remained stable.

But …

From 2000 to 2025:
Median home selling price: +149%
Median rent: +137%

So the issue isn’t inadequate supply, it’s asset price inflation (price increases detached from supply & demand factors). Addressing those things would require very different approaches, and the focus right now is on the wrong one (supply).

 

[Wilson23]

So the issue isn’t inadequate supply, it’s asset price inflation (price increases detached from supply & demand factors). Addressing those things would require very different approaches, and the focus right now is on the wrong one (supply).

Price controls, then? They're easy to evade in retail business -- not so much in real estate.

 

[MajorRewrite]

Housing news from Nevada today …

Once a beacon of cheap homes, Nevada has become a symbol of America’s struggle with high costs

In Las Vegas, resale home prices rose 53% between December 2019 and the same month last year, according to the Case-Shiller index. The index tracks homes that have previously sold, excluding new construction, which makes up more than a quarter of the Las Vegas market.

In Las Vegas, the median home sale price rose 65% between the first quarter of 2020 and the same period last year, reaching $393,000, according to Federal Reserve data.

Michele Niemeyer feels trapped in the condo she bought for more than $500,000 just off the Strip. The homeowners association fee just went up to $686 a month, straining her budget, and the value of her unit has plummeted. But the neighborhoods that were in her budget when she bought the condo are now out of reach.

“I want to move,” Niemeyer said. “I just don’t know where.”

 

[Wilson23]

Housing news from Nevada today …

Once a beacon of cheap homes, Nevada has become a symbol of America’s struggle with high costs

Las Vegas has special problems. Mainly, water supply.

 

[Lazaran]

Housing news from Nevada today …

Once a beacon of cheap homes, Nevada has become a symbol of America’s struggle with high costs

Who would have thought that all the people fleeing big cities (New York, LA, etc) due to Covid or retirement would push up the costs elsewhere…



We. Told. Them. So.

 

[MajorRewrite]

Price controls, then? They're easy to evade in retail business -- not so much in real estate.

I dunno. A buyer could easily slip the seller extra cash under the table to out-compete other interested buyers.

It might be best to start with basics — stop inflating the money supply (and stock and real estate prices) by ending deficit spending. But that’s not going to happen.

Probably the only (partial) solution is to build a lot of publicly owned apartments and rent them at low stable prices. It would likely not have much impact on other apartment rents or home prices, but at least some people would get affordable places to live and avoid homelessness.

 

[Wilson23]

It might be best to start with basics — stop inflating the money supply (and stock and real estate prices) by ending deficit spending. But that’s not going to happen.

And would not help. The problem is housing prices rising FASTER than the general rate of inflation.

 

[MajorRewrite]

And would not help. The problem is housing prices rising FASTER than the general rate of inflation.

Real estate and stocks are supercharged by devalued money, through the mechanism of wealth inequality (the rich buy assets with debt they pay off with devalued money).

 

[SebastianHolt]

Housing costs (purchasing or renting) are a big issue around the world, and a main part of the larger affordability problem. We don’t have a dedicated thread for the topic … so here it is.

I hope this becomes the place to discuss home prices, rent and the state of the construction industry.

I’ll kick it off with news that potential home sellers are pulling their property off the market in higher numbers than in years. This prevents prices from falling more than they have.

I love purchasing homes for rentals!

 

[SebastianHolt]

And would not help. The problem is housing prices rising FASTER than the general rate of inflation.

the key is to find people on the verge of going underwater!!

 

[Wilson23]

the key is to find people on the verge of going underwater!!

How does finding those lower housing prices in general?

 

[SebastianHolt]

How does finding those lower housing prices in general?

What? Where did you learn how to write...

 

[Wilson23]

2. Whether any other country has found effectual solutions to similar problems.

Anybody know?

 

[Wilson23]

What? Where did you learn how to write...

That is what this thread is ABOUT -- housing prices in general are too high. What will lower them?

 

[SebastianHolt]

Sure they do. The problem you have is the GOP wants to get rid of excessive and redundant permitting processes like what's slowing down the rebuilding in Los Angeles. The GOP wants to get rid of regressive 'prevailing wage' laws and regressive 'project labor agreements' that sometimes double the cost of construction labor in the name of organized unions like SEIU.

Getting rid of regressive laws like California's Environmental Quality Act (CEQA) that expensively and extensively subject construction projects to costly delays and then, even when the projects are finally approved CEQA allows third parties to sue and stop the projects. The majority of CEQA lawsuits being filed by SEIU who uses the lawsuits to blackmail construction firms into agreeing to project labor agreements that benefit SEIU.

SEIU is using a legal process to extort money.

Get the government and the corrupt, mobbed-up union out of the way and housing can be built quickly and more affordably.

And the Democrats in California have to do this, not the Republicans, because the Democrats control California.

Which means you don't get to blame Republicans for the failure happening in California. The Democrats are fucking up that state all on their own.

Los Angeles what a nightmare Gavin oilhead Newscum has created

 

[SebastianHolt]

That is what this thread is ABOUT -- housing prices in general are too high. What will lower them?

nothing will lower the price for a house ... except a recession

 

[MajorRewrite]

That is what this thread is ABOUT -- housing prices in general are too high. What will lower them?

Please refrain from responding to the mentally disabled one in my threads. Thank you.

 

[Wilson23]

nothing will lower the price for a house ... except a recession

So THAT'S why Trump is doing all this!

 

[SebastianHolt]

nothing will lower the price for a house ... except a recession

Higher home prices have been a good t

So THAT'S why Trump is doing all this!

lol not quite

 

[Wilson23]

Higher home prices have been a good

Not for anyone outside the business.