Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
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Re: Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
#2Re: Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
#3It’s created by unregulated investment in family housing.
Re: Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
#4It’s created by unregulated investment in family housing.
It's created by federal mortgage subsidies. If everybody's mortgage payment went up with interest rates more people would sell and drive down prices.
Re: Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
#5It’s created by unregulated investment in family housing.
It's created by federal mortgage subsidies. If everybody's mortgage payment went up with interest rates more people would sell and drive down prices.
That, and property tax assessment shenanigans, and corporations buying sfhs and townhomes, and foreign investors, and tax deduction on mortgage interest, and nimby blockades on construction.
A future generation will look back at this society as stupid. All the wealth of the world but cannot even give people the basics.
Re: Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
#6Article is essentially about Los Angeles, not really about housing across the US.
Re: Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
#7It’s created by unregulated investment in family housing.
Unregulated investment? Is that why it costs so much to build anything? Or what exactly does it mean?
Re: Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
#8It’s created by unregulated investment in family housing.
It's created by federal mortgage subsidies. If everybody's mortgage payment went up with interest rates more people would sell and drive down prices.
Most everyone has fixed rates in California. 10% in 2022: https://themortgagereports.com/93472/adjustable-rate-mortgag...
Re: Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
#9It’s created by unregulated investment in family housing.
It's created by federal mortgage subsidies. If everybody's mortgage payment went up with interest rates more people would sell and drive down prices.
Fixed rate loans have existed forever.
Private contracts are constantly filled with them. It's private enterprise cashing in as usual for those with the best credit.
Not government intervention.
Re: Strained housing affordability is a ‘manufactured crisis’ created by bad zoning
#10It’s created by unregulated investment in family housing.
if a house is such a good investment why arent these investors building more to mint millions ezpz?