Home Ownership

[Reiwa]

I happened across a datapoint

"I'm not trying to play Santa Claus."

[BigChief]

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

Make Airbnb illegal, that would help. My house in Utah is $800 a night during ski season

My maid charges $1,200 a night for her place.

[NopeNopeNopeNope]

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

My maid charges $1,200 a night for her place.

Pfft I can find a maid-outfit in-call for cheaper than that. Blonde, and told her name is Christie and to respond only to Christie

Now let’s see Paul Allen’s place

[maddysinko]

It’s definitely frustrating trying to make sense of the housing market right now. The supply-and-demand explanation makes sense at a basic level, but there are so many other factors that complicate things, zoning laws, material costs, labor shortages, and investors buying up properties for short-term rentals. It’s not just about being able to build more homes; it’s about where, what kind, and who’s actually able to buy them.

For people investing in real estate, tax strategies can make a big difference in profitability. Using cost segregation tax strategies, for example, can help property owners free up cash flow by accelerating depreciation, which makes reinvesting in properties a lot easier.

[Duik]

Ohh i see bottysinko. Please link more shit websites for me to ignore. Please. You are so engaging. Tell your Botasaurus your mission is accomplished.

Good fucken grief.

[Reiwa]

Is that sinko the important elf?

[Knuckle]

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

I am having a hard time understanding the housing market.

I often hear this one response when someone points out that millennials can't afford to buy one:



But.. Am I the only one that is like, wait we're at maximum occupancy here? There are more people than homes can be built? [You must be logged in to view images. Log in or Register.]

Like...

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

Or are we at a lack of supply because we're reaching maximum occupancy and no mater how you shake it, we're screwed?

I just seem to think that if we have more demand than we have supply of homes, that it's not a solvable solution.

Do we think that new towns are going to open up in Nebraska and that will solve the housing issue?

I just dont see how supply of homes being a problem can just be fixed. [You must be logged in to view images. Log in or Register.]

Housing Market issue is a combination of:

1.) Way less buying power compared to prior generations.
a.) Inflation
b.) Wages not matching inflation.

2.) Rise of homes to rent.
a.) Companies/Frat bros buying houses as investments to rent.
b.) Air BNB from middle class taking homes off the market.

Other factors of course, now interest is higher than 4 years ago.

Never just one thing, but if we want to get political, we could talk about making rent-control a nationwide mandate. There is one class of humans I don't care to see hurt by financial losses, and that is landlords. I am my own homeowner and using other peoples need for shelter as a means to profit has been a source of untold misery in this world. Apartments in my city have increased like 40% in 4 years? It's insane. Also, if you own more than one home, you should pick up....90% of property tax in your state. Homesteaders should cover 10%. Have a nice day.

[Duik]

What Knuckle mostly said.
We have negative geqring here. May be called something else elsewhere. It rewards multiple homeowners unfairly. Allows fastwr growth than would be otherwise possible.

[shovelquest]

So immigration is the cause of the rising housing prices. Got it.

[Trexller]

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

So immigration is the cause of the rising housing prices. Got it.

50% immigration, 50% private equity investment has fucked the real estate markets in the entire developed world

we need laws that if you own more than 2 houses, the public is allowed to set the third or more on fire

legally, corporations are people