Home Ownership

[Jibartik]

I am having a hard time understanding the housing market.

I often hear this one response when someone points out that millennials can't afford to buy one:

It's supply and demand! Not enough houses to go around so the cost to buy one is way up!

But.. Am I the only one that is like, wait we're at maximum occupancy here? There are more people than homes can be built? [You must be logged in to view images. Log in or Register.]

Like...

Are we at a lack of supply because we could have many more houses than we have, but we just wont build them?

Or are we at a lack of supply because we're reaching maximum occupancy and no mater how you shake it, we're screwed?

I just seem to think that if we have more demand than we have supply of homes, that it's not a solvable solution.

Do we think that new towns are going to open up in Nebraska and that will solve the housing issue?

I just dont see how supply of homes being a problem can just be fixed. [You must be logged in to view images. Log in or Register.]

[Patriam1066]

I own three homes, my son owns three homes, etc

It’s a good investment to Airbnb a second home. Sorry that you have no money, but shit runs down hill sadly

[Patriam1066]

Make Airbnb illegal, that would help. My house in Utah is $800 a night during ski season

[Jibartik]

Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]

Make Airbnb illegal, that would help. My house in Utah is $800 a night during ski season

If I was a communist, I might say there should be a law that says no man has a right to own more than 1 or maybe at best 2 homes.

IF I was a communist [You must be logged in to view images. Log in or Register.]

[Evia]

Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]

Make Airbnb illegal, that would help. My house in Utah is $800 a night during ski season

Nice man I live in UT! Where is your UT home?

[Gwaihir]

Raise property taxes to pay to build homes for the poor that they won't be able to afford the property taxes on.

*Derp

[Byue]

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

Raise property taxes to pay to build homes for the poor that they won't be able to afford the property taxes on.

*Derp

solution? stop this and leave the poor to die on the street.

or, or, let me try this: modulate taxes so the newly built house don't have the same high taxes. (they actually already do that but you know, I wanted to show you that you don't throw the baby with the water, you just throw the water)

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

maybe start with no property tax, and increase it exponentially based on the number of homes you own?

I just dont know if I think home ownership should be the great and safe investment hustle it is. I know it makes lots of people lots of money for very little education and labor, but is that really what we need?

socialist scum.

[Patriam1066]

Originally Posted by Evia [You must be logged in to view images. Log in or Register.]

Nice man I live in UT! Where is your UT home?

Outside park city

[cd288]

Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]

Make Airbnb illegal, that would help. My house in Utah is $800 a night during ski season

Is it in park city? That seems pretty cheap if so. I’d rent it out from you lol

[Danth]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

Do we think that new towns are going to open up in Nebraska and that will solve the housing issue?

Opposite problem, the plains regions are depopulating over time.

Another part of the problem with cost affecting young adults is all the mcmansions being built nowadays. Seldom is new construction the sort of 2 bedroom/1 bath starter-type homes that were so common a hundred years ago.

A lot of the more popular cities actually are running out of physical space for new construction. New York City has had that problem for a very long time but now a lot of other cities which didn't historically have that issue are running into it. Numerous west coast cities come to mind.

Danth