41–50 of 192 posts
Earlier quoted context omitted.
That means there is not enough. Housing can't be affordable if a small set of organizations can have it all.
Its just that never before has there been an investment firm large enough to take a big enough share of the largest market in the world, the US housing market.
It seems like the author is willfully miss-understanding Trudeau's statement. Value and affordability can be considered independently. Increasing median income and economic growth both increase affordability, even if housing costs track inflation.
Given 1% growth a year that would take close to a lifetime to just halve current home prices per income. It isn't a solution for the people living today.
Earlier quoted context omitted.
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.
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 i…
I think it’s weird we haven’t made any new cities in what, 100 years? We just keep trying to crowd into existing places.
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 i…
It matters to me for many reasons I doubt you find sickening or sinister. It matters because my family might want or need to move for work. It also forms a major part of my retirement, and how I will feed and take care of myself in advanced age
It makes perfect sense that it has financial value to someone else, because it would take a tremendous amount of material and labor to re-create if it burned down.
I think non affordable housing makes values come down too. Just I a less controlled way. Eventually people will just stop participating in the housing game and there’s no telling where that will lead.
I think it’s weird we haven’t made any new cities in what, 100 years? We just keep trying to crowd into existing places.
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.