Priced out of home ownership
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Priced out of home ownership
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Re: Priced out of home ownership
#2Where possible, states should build more tiny house communities, or have land where putting up a tiny house is legal and pain-free. There should also be a law prohibiting a person from owning more than one of them, except for temporary periods of moving out of one and into another. (The same should hold for regular houses, too.) Effectively, land is a different sort of commodity than most others: it is truly finite, and people should not be able to make as much money off it as an investment as they currently do.
Re: Priced out of home ownership
#3Where possible, states should build more tiny house communities, or have land where putting up a tiny house is legal and pain-free. There should also be a law prohibiting a person from owning more than one of them, except for temporary periods of moving out of one and into another. (The same should hold for regular houses, too.) Effectively, land is a different sort of commodity than most others: it is truly finite,…
A Land Value Tax is much simpler to enforce, more generally applicable across all housing product types, and a lot less artificially constraining of local decision making.
Agreed land is totally unique and should be handled very differently from other forms of wealth.
Re: Priced out of home ownership
#4Where possible, states should build more tiny house communities, or have land where putting up a tiny house is legal and pain-free. There should also be a law prohibiting a person from owning more than one of them, except for temporary periods of moving out of one and into another. (The same should hold for regular houses, too.) Effectively, land is a different sort of commodity than most others: it is truly finite,…
A Land Value Tax is much simpler to enforce, more generally applicable across all housing product types, and a lot less artificially constraining of local decision making. Agreed land is totally unique and should be handled very differently from other forms of wealth.
Yes, that is true. Though I would argue that we still need some rules on land ownership to begin with that is independent of the prices set by a market.
Re: Priced out of home ownership
#5Society in UK, USA, AUS,Canada has been destroyed by housing as a financial instrument instead of……. housing.
And politicians love every dollar of price increase.
There’s the homeowners and the renters/serfs and nothing in between.
Dead society, nothing to aim for or live for.
Re: Priced out of home ownership
#6Where possible, states should build more tiny house communities, or have land where putting up a tiny house is legal and pain-free. There should also be a law prohibiting a person from owning more than one of them, except for temporary periods of moving out of one and into another. (The same should hold for regular houses, too.) Effectively, land is a different sort of commodity than most others: it is truly finite,…
>Where possible, states should build more tiny house communities, or have land where putting up a tiny house is legal and pain-free.
But let's just call them what they are: Trailer parks. I just don't see how trailer parks are going to solve the problem. You may have cheap land but if you put 500 trailers on a plot you're still going to need sewage hookup, power and water for 500 homes.
Re: Priced out of home ownership
#7For those interested, Gary Stevenson has an interesting take on what is causing this, even though his view is focused on the UK market: https://www.youtube.com/watch?v=kNUNR2NZvFM
Re: Priced out of home ownership
#8I bought in 2022, and while it was new construction, it's a pretty mid-range house. No premium finishes, in a growing but small city northwest of Houston.
If you told me 10 years ago how much I paid for it, I'd ask what the name of my butler is.
Re: Priced out of home ownership
#9Society in UK, USA, AUS,Canada has been destroyed by housing as a financial instrument instead of……. housing. And politicians love every dollar of price increase. There’s the homeowners and the renters/serfs and nothing in between. Dead society, nothing to aim for or live for.
New Zealand too. I totally agree. There is something utterly rotten with the seniorage abilities of commercial banks and the multigenerational distortions it has created by virtue of leveraged (mortgage) lending.
Re: Priced out of home ownership
#10Where possible, states should build more tiny house communities, or have land where putting up a tiny house is legal and pain-free. There should also be a law prohibiting a person from owning more than one of them, except for temporary periods of moving out of one and into another. (The same should hold for regular houses, too.) Effectively, land is a different sort of commodity than most others: it is truly finite,…
>Where possible, states should build more tiny house communities, or have land where putting up a tiny house is legal and pain-free. But let's just call them what they are: Trailer parks. I just don't see how trailer parks are going to solve the problem. You may have cheap land but if you put 500 trailers on a plot you're still going to need sewage hookup, power and water for 500 homes.
They don't have to look like traditional trailer parks -- at least not the kind that I've seen. But besides that, they will be cheaper. That's the point.