Home Ownership

[Pulgasari]

Originally Posted by Byue [You must be logged in to view images. Log in or Register.]

yes well, look, I don't point out Liberia to point out everything that doesn't go quite right with capitalism so it would be nice if Russia wasn't an example of what shit can be because capitalism can be great, but it can also mean you are the woman being enslaved and trafficked for sex so it has ups, and it has downs, we learned to live with the ups and avoid the downs is all.

plus, a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs. is debatable, but not an entirely bad idea at face value.

Notwithstanding this, if you take a wealthy capitalist society under a president, say Kennedy and that president starts an open arm race, knowing full well the soviets will have to take funding from social project to fund the military and ultimately collapse under that weight, you obviously get shitty houses but are we talking about your new house in Siberia or the housing situation in the USA?

I merely said that housing is a tough topic because everyone absolutely need one of those.

And seriously, who can disagree that a homeowner waiting for rent to pay mortgage is not offering any services, we provide him/her with a free house she can collect from one day. Let's also evidently take away the homeowners who don't need your rent to pay the mortgage, those are either people like you and me, or big landlord like the Koch brothers, or ted turner and shit.

I didn't even go in the good or bad, it's just evidently happening.
Homeowners thinking they do a job or provide a service.

Also the continual investment you mentioned is why houses aren't the best investment you can make.
They are not bad but can be full of surprises, especially if you end up renting it.

Buying a 2nd house as a rental property increases the amount of housing available in the local market. It would otherwise sit unsold and noone could extract any utility from it.

[Gwaihir]

Private home ownership is fine, if the government would let the bubble pop. A housing market in congruence with 5 years of the median (not mean) earners income would be doable. Do some historical income[You must be logged in to view images. Log in or Register.]rice ratio research. You'd be surprised on just how much it's changed.

In 2007/8/9 the government and banks bought up a ton of housing inventory, and in many cases are still sitting with it on the books, to this day due to the effect it would have on the real estate market if they released it.

Likewise, China has entire cities is doesn't even use.

[Patriam1066]

Anyway, just answering your question. You can afford your own home if you aren’t trying to get ri¢h or die tryin on Bitcoin like a dumb ass rapper

[Jibartik]

Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]

Anyway, just answering your question. You can afford your own home if you aren’t trying to get ri¢h or die tryin on Bitcoin like a dumb ass rapper

Homes within the commute to my work are very difficult to obtain.

I think the answer is more nuanced as evidenced that they talk about this on the news and it isnt just me that is noticing this.

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

Also fixing the home loan system. Home loans are for people to become home owners, because we used to believe we didn't want everyone around us to be serfs. Home loans are now being used more like business loans, so they favor giving new home loans to people that already own homes, as collateral. These homes are then used for commercial purposes (rental, air B and B) and therefore should be part of a business loan process rather than a home loan process.

Theres a lot of pretty straight forward ways to help this, but like everything it means less profits for wealthy people so its hard to pass.

As it is, they allow corporations funded by china and other outside nations to buy american homes and collect rent from us, LOL. "they" being the legislative branch. So it's a big fat joke, since they clearly don't give a shit about making american life as good as possible for most people.

I feel like this is a big part of it too

That first bit seems like something the gov may try to change in the next decade or 2 I wonder. I could see political initiatives to help people get low interest rate loans backed by the gov if the economy keeps growing and the rates go up while the prices continue to soar.

[Nocht]

I live in a two story Dorito bag.

[Danth]

There's some element of demographics shift at work too, I suspect. A disproportionate number of people keep trying to move into the same handful of regions. There's no housing shortage around here locally. Just within my little unincorporated town there are several abandoned houses and several more which have been bulldozed (due to falling apart from disrepair) within the past 5 years. Houses which go up for sale not infrequently take months to sell, if they sell at all.

Inside the actual cities themselves, like Cleveland, entire neighborhoods are being bulldozed due to population loss. In some areas there are now fields where there were once rows of houses. This is the opposite of a housing shortage.

Danth

[hobart]

The median price of a home here is $1.5MM. The average is just under $1MM.

Now, question for the Trumptards, what do all of the expensive cities to live in have in common?

I do think it is unsustainable, but as someone who paid <$400K for my house a long time ago, I don't have the same concerns as someone who's just pulling into town.

Even my rental 12 miles away has almost doubled in value since I purchased in 2016. If my tenants weren't so nice I'd be selling this summer.

[Gatordash]

There's an eviction moratorium and the government is spending $40billion/mo on MBS for the past year, so no, you will not be able to afford a house for at least another ~15 months assuming Biden and the CDC don't extend the moratorium and continue to not hint at even hinting at tapering.

[zodium]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

Are we at a lack of supply because we could have many more houses than we have, but we just wont build them?

yes.

[HalflingSpergand]

Homes are "purchased" via a scam called a mortgage whereby money is fabricated out of no where and create slaves. This creates many problems.