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Making housing more affordable means your home's value will have to come down

theglobeandmail.com

11–20 of 192 posts

Re: Making housing more affordable means your home's value will have to come down

#11
post #10

You know what is neat when housing prices go down? You pay less to upgrade your house size than when the prices go up. Despite the fact your own house value dropped. Housing price dropping is good for basically everyone I say.

Well, not if you have to sell at a loss and still have the full loan

Re: Making housing more affordable means your home's value will have to come down

#12

Why do new homes have to be built in competition with existing homes? With remote work and the digital elite moving wherever, why not just pop up new developments wholesale, complete with shopping and services somewhere out of the way and cheap?

Because people also care a lot about their families and the communities they live in. Being close to family and friends is a very tough point to argue against.

Re: Making housing more affordable means your home's value will have to come down

#13
Well, I'm against affordable housing then. Let Blackrock, who bought over 40% of the single family homes on the market, take it on the chin. Perhaps we can do a fire sale of corporate-owned homes.

This has made me determined to fight affordable housing even more so. I'd also like to ask, why is British journalism so shit tier? It's a fucking joke.

Re: Making housing more affordable means your home's value will have to come down

#14

It’s going to be very difficult to make housing more affordable with high interest rates and high inflation. I highly doubt just increasing supply is going to be enough.

Investment banks will just buy up any affordable housing.

Re: Making housing more affordable means your home's value will have to come down

#15

Why do new homes have to be built in competition with existing homes? With remote work and the digital elite moving wherever, why not just pop up new developments wholesale, complete with shopping and services somewhere out of the way and cheap?

> the digital elite moving wherever

The digital elite are mostly staying in concentrated areas, they have the money to and concentration leads to much more amenities nearby.

Re: Making housing more affordable means your home's value will have to come down

#16

Well, I'm against affordable housing then. Let Blackrock, who bought over 40% of the single family homes on the market, take it on the chin. Perhaps we can do a fire sale of corporate-owned homes. This has made me determined to fight affordable housing even more so. I'd also like to ask, why is British journalism so shit tier? It's a fucking joke.

Globe and Mail is Canadian.

Re: Making housing more affordable means your home's value will have to come down

#17

Well, I'm against affordable housing then. Let Blackrock, who bought over 40% of the single family homes on the market, take it on the chin. Perhaps we can do a fire sale of corporate-owned homes. This has made me determined to fight affordable housing even more so. I'd also like to ask, why is British journalism so shit tier? It's a fucking joke.

You mean British journalism talking about Toronto, written by a Canadian, in Canada, for Canadian media?

Re: Making housing more affordable means your home's value will have to come down

#18
This is so fundamental to the issue.

It is impossible for housing to be simultaneously a good investment and affordable. Policymakers simply have to decide if they cater to those that already own homes, or those desperately wanting to buy one.

I feel strongly housing is a basic human right, and so we should stop viewing residential property as an appreciating asset.

Re: Making housing more affordable means your home's value will have to come down

#19

It’s going to be very difficult to make housing more affordable with high interest rates and high inflation. I highly doubt just increasing supply is going to be enough.

Investment banks will just buy up any affordable housing.

That means there is not enough. Housing can't be affordable if a small set of organizations can have it all.

Re: Making housing more affordable means your home's value will have to come down

#20
I really don't give a shit about the financial value of my home to someone else. Sure, my mortgage is calculated on it and I'll be paying that for the rest of my life but the true "value" of my home is the quality of life my family and I can enjoy here. What you're talking about is how much money some investor can make off of the desire of people to have this quality of life value for themselves. And quite honestly it's incredibly sickening that our world works that way.
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