This isn’t really how it works in most of the country

Jul 25, 2024
1:05:47pm

Stopper6700 Walk-on

Most of the US has mature markets which don’t have much room for new developments. Up till now the west has had the option to keep adding new builds, but now places like Utah Valley are starting to fill up.

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Stopper6700

Bio page: Stopper6700
Joined: Jan 29, 2024
Last login: Sep 16, 2024
Total posts: 150 (0 FO)

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Messages

Author

Time

If you were given a magic wand, what would you do to alleviate housing cost

shoganai

Jul 25, 12:36pm

#1 Enforce immigration laws. #2 reduce the cost of energy.

AFewThoughts

Jul 25, 12:37pm

Pretty sure #1 would only make it worse.

Lifer

Jul 25, 12:38pm

I'd be interested in understanding your reasoning. I figure there has to be a

AFewThoughts

Jul 25, 12:43pm

Who supplies a lot of the labor to build houses?

SuperTank

Jul 25, 12:44pm

I can definitely see that side of the equation, but let's say there are currentl

AFewThoughts

Jul 25, 12:46pm

I'm surprised immigration is rarely brought up, assuming 2.8 M/year

Rhubarb

Jul 25, 1:11pm

You must not have many immigrants in your area. They tend to live together with 3 or more families/generations in 1 home

BlooGeek

Jul 25, 4:05pm

Yes, before I bought my first house, I kept getting outbid by illegal immigrants

RealTaysomHill

Jul 25, 12:53pm

I guess when you're a hammer, everything looks like a nail. Neither of those

macdizzle

Jul 25, 12:54pm

I see some people like making assumptions about others. Feel free to search

AFewThoughts

Jul 25, 1:07pm

They have been changing zoning laws every year at the state level allow

bbhammer

Jul 25, 1:46pm

Make all the Californians go back to California.

scall

Jul 25, 12:37pm

Maybe that border wall should be around California instead of Mexico

JimmyZ

Jul 25, 12:49pm

Now you are talking good policy.

scall

Jul 25, 12:50pm

🤣

MightyFreakingCougar

Jul 25, 12:53pm

Should California deport all the Utahns and make them go back to Utah too? It

Japan Coug

Jul 25, 3:07pm

Yes for sure.

scall

Jul 25, 3:09pm

As long as Utahns are no longer allowed to go to Disney or the beach, that makes

macdizzle

Jul 25, 4:14pm

Happy to make that concession.

scall

Jul 25, 4:28pm

Visitors spend lots of money then leave, which is a beautiful thing for locals.

Big Daddy D

Jul 26, 8:42pm

Use it to pay off my house and get myself a really nice cabin.

Ojiisan

Jul 25, 12:37pm

Perhaps limit the number of single family homes that can be owned by investment corporations. Not sure if that is

zonacougar

Jul 25, 12:38pm

That was the case prior to 2012. Investment firms being allowed to buy up

Kajdin

Jul 25, 12:40pm

Seems to have "worked".

zonacougar

Jul 25, 12:42pm

Increase tax liability on income from each house over three

compcoug

Jul 25, 12:44pm

That's actually great idea. Didn't straight up prohibit and allows small

Kajdin

Jul 25, 12:46pm

The answer is build housing, and reduce regulations not making existing housing

johnnybyu

Jul 25, 12:47pm

This isn’t really how it works in most of the country

Stopper6700

Jul 25, 1:05pm

This is how economics works

johnnybyu

Jul 25, 6:54pm

<< Deleted >>

StumptownCoug

Jul 25, 1:09pm

Does anybody know the % of homes owned by a big corp like Blackrock? I believe

BYUfan92

Jul 25, 12:55pm

It's highly dependent on market. Many they own 0. A few they own entire

Kajdin

Jul 25, 12:59pm

There is no evidence this will help. It's not like these funds take the unit off the market, the unit still preforms

HarlemCoug

Jul 25, 12:56pm

Couldn't disagree more. If Utah were to add 10,000 single family homes currently

YbeatsU

Jul 25, 2:06pm

Jay Parsons is the leading thinker in the country on this. He's written plenty of articles and papers on the issue.

HarlemCoug

Jul 25, 3:26pm

RE: If you were given a magic wand, what would you do to alleviate housing cost

Odysseus

Jul 25, 12:42pm

Make cheaper high density more desirable with green space requirements, transit

runnincoug

Jul 25, 12:44pm

Continue the push towards major cities and building lots of condos and townhomes instead of standalone houses.

TCuz

Jul 25, 12:44pm

TAX LAND at a much higher rate than buildings. Prohibit foreign purchase of

toadie

Jul 25, 12:45pm

You think getting rid of the mortgage interest deduction is going to help our housing shortage?

HarlemCoug

Jul 25, 1:00pm

i think his argument is theres a lot of people with multiple mortgages/rentals

CrashMcLarson

Jul 25, 1:18pm

ah, yes. The standard deduction makes most middle class homeowners unable to

toadie

Jul 25, 3:03pm

If you make housing more expensive, you'll get less housing.

HarlemCoug

Jul 25, 3:27pm

Gpvernment shoudn't subsidize expensive homes for rich people.

toadie

Jul 26, 4:13pm

A Legends Tower on every block

Gustav

Jul 25, 12:50pm

Eliminate the notion that you need to move to a bigger/newer house

tyler durden

Jul 25, 12:52pm

Strike down most zoning regs, “environmental reviews” two weeks max, permits

valleus

Jul 25, 12:55pm

Simplify local entitlement process; incentivize building density/starter homes;

Still Blue

Jul 25, 12:57pm

You have to reduce the risk to builders. Make it safer and cheaper to build and they will build more. One of

HarlemCoug

Jul 25, 12:58pm

I agree to some extent but how do cities provide all new roads, infastructure

bbhammer

Jul 25, 2:20pm

Tax the general populous. Politicians who charge impact fees can't honestly say they support affordable

HarlemCoug

Jul 25, 3:30pm

Tough to tax everyone with another tax

bbhammer

Jul 25, 4:38pm

If we want capitalism to survive then we need to figure out a way for capitalism to work for 20 somethingd, otherwise

HarlemCoug

Jul 25, 4:46pm

Limit private equity firms from buying up millions of houses for rental

Bluedomination

Jul 25, 1:06pm

REITS are a serious issue that have swallowed up a lot of homes.

AFewThoughts

Jul 25, 1:08pm

Am I a bad person if the cost of housing doesn't seem like a major problem to me

Tricky

Jul 25, 1:14pm

The wand you've been given only has power within the housing market.

shoganai

Jul 25, 1:17pm

Not gonna be a popular response on suburb-happy CB, but build more high-density

cougarmeister

Jul 25, 1:17pm

Often the problem that gets these kinds of projected rejected are the "where are we going to put all of the cars"

HarlemCoug

Jul 25, 3:37pm

Americans have built cities around their cars for 100 years

cougarmeister

Jul 25, 3:54pm

For sure - I think homes without garages will be a minority of new housing built for decades... but in downtown areas

HarlemCoug

Jul 25, 4:01pm

No (chinese) foreign investment

Avery

Jul 25, 1:28pm

Depends on the market/area. But the only real solution is to either increase

JWin

Jul 25, 1:29pm

get a big glove with some pretty colored rocks, snap my fingers and suddenly there'd be a lot of empty houses

byujag

Jul 25, 2:29pm

To increase supply right now, allow people to “port” their current mortgage and

MacsKid

Jul 25, 4:27pm

Have a huge recession

johnnybyu

Jul 25, 7:58pm

The magic wand is capitalism. Remove regulation and down goes the price.

cdr88

Jul 26, 2:56pm

Covid gov policies created the housing cost skyrocketing price increase

Coug Dude

Jul 26, 10:25pm

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