251–260 of 550 posts
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I count 23 instances of invective language or politicisation in that HUD statement, and that’s to say nothing of the supposed data behind this. How about blame wealth extraction by the 0.01% before going after the out group that’s clearly working more than the average and paying taxes?
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In my neck of the woods (New England), home prices have doubled since March of 2020. I have yet to read a comprehensive overview of how this happened and how we get out of it. Of course, people went nuts offering over the asking price when interest rates were super low so I understand, to some degree, that baselines were reset. But the current housing market doesn't feel sustainable. I don't understand how a proper m…
It is very simple. Housing is not built.
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I'm going to assume ignorance and try to explain why landlords exist. Of course you could already understand this and have this as an ideological stance, in which case my effort is likely wasted. Landlords assume a similar role in economy that banks do, they assume risk on your belalf. We have quantified this to an extent that you can reliably put a dollar amount on how much risk there is. When you are renting and th…
When ownership shows up at zoning meetings, the main risk they seem to be concerned about is accidentally letting someone build enough housing. Heaven forbid!
My neighbors, the homeowners who don't rent, are typically on the other side. And it's not unreasonable to want to keep SFH neighborhoods predominantly SFH.
My main risks have have absolutely nothing to do with more housing. It's more physical risk to the property and depreciation.
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I'm going to assume ignorance and try to explain why landlords exist. Of course you could already understand this and have this as an ideological stance, in which case my effort is likely wasted. Landlords assume a similar role in economy that banks do, they assume risk on your belalf. We have quantified this to an extent that you can reliably put a dollar amount on how much risk there is. When you are renting and th…
Those same landlords also control many of the levers that might cause their investment to be less profitable.
This is why strong regulation is important.
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It also depends on how hot the housing market is at any given time. Often time a realtor is just someone who decided everything else was too much work. (My whole family has been in the business for almost 70 years, both commercial and residential.)
I'm sure some do more, but my personal experience on the sales side is that realtors do nothing except serve as gatekeepers to get your house listed in the local MLS. Then they show up at closing to collect their commission. On the buying side, they do more such as drive prospective buyers around to look at houses, though it's been long enough since I bought a house that I don't know how much virtual tours have repla…
I've bought and sold a handful of properties in a couple states through my life and have dealt with probably 2 dozen realtors in some professional capacity, and only 1 has been what I would call "good" and that was basically just him giving us insight into the market, being willing to tell us not to buy a house because it wouldn't fit our needs 5 years in the future, etc. Basically just willing to sacrifice a faster or larger commission to get us what we wanted rather than just closing a deal ASAP, which IMO should be the minimum and not the mark of a "good" realtor.
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Realtors don’t own the houses.
Not usually. But homeowners don't usually set the price themselves. Yes, yes, yes, yes, yes, technically they can. But a _realtor_ is in their ear telling them MORE MORE MORE.
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Landlords do not create apartment buildings. Developers do that. Developers should get more reward for developing things and landlords should get less. Landlords do not manage properties. Property managers do that. Property managers should get more reward for managing properties and landlords should get less. Sometimes these are the same individuals and they lump their fees into a single check, but these are not the…
> Developers should get more reward From who? Someone has to pay them to do the development, right?
Again seeing some blaming poor immigrants for this in the very first answers. Meanwhile, where do the money for OpenAI and the SpaceX IPO comes from? Who got hold of so much money? How did they got hold of it? And here's the killer question: would they, and the rules and system supporting them, change in any way if there were less immigrants?
No amount of money will help jurisdictions that still refuse to permit new buildings in face of a constant influx of people. You cannot live in Musk's banking account. You have to have the actual physical structure, and current laws in hotspots like San Francisco and New York do their utmost to prevent new development. Places like Austin, which are less restrictive, don't have this problem.
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It is very simple. Housing is not built.
I think there is another element, private equity (PE) has got involved in the housing market, and like anything that PE gets involved with it burns it to the ground and then exits with it's profit leaving behind a wasteland. PE equity will do anything to get their profit no matter who it hurts
Anyway they got into the housing market because the margins are so good because everybody refuses to allow new housing to be built. Congratulations, you played yourselves.
The problem is absolutley that housing is too expensive, which of course a bunch of realtors are not going to point out. Increasing wages will not fix the housing crisis, and will just drive prices higher. How convenient for a bunch of realtors...
Yea, "We currently have 10 houses renting at $2500 for 15 people who have $2000 to spend on rent. WHAT IF, we gave those 15 people $2500 instead. Housing crisis solved?" -This article...basically.