Posted on 02/07/2024 8:53:49 PM PST by NoLibZone
What would be some ways to make single-family residential homes more affordable for the next generations?
Can it be done without violating conservative or capitalist values?
People can work hard, scrimp and save and live on a budget.
Here’s an idea: deport every damn illegal and all the descendants of illegals
Put a 30 year moratorium on all immigration, outlaw foreign ownership of American single family housing, eliminate section 8 vouchers, and close the border.
I warm climates, teepees are an option.
The cheapest way that I’m aware of is to always start with the smallest property, like a bachelor suite and pay that off quickly to create a bigger downpayment and buy and sell something a bit bigger, like a 1 bedroom apartment and keep moving up until you can buy a home.
Deport the 60 million plus illegals and we’d have plenty of affordable housing, plus better job opportunities.
Of course it can.
Increase supply:
Bring interest rates down: stop the massive deficit spending and what has become permanent monetary easing.
Make home building cheaper and easier: kick the unions in the ass, allow for cheap labor from the South, control the tax burden (in many places taxes are a huge cost ~1/3 of a mortgage isn’t unusual), open up government held land for development, get rid of some of the bureaucratic red tape and idiotic regulations.
Prices will drop eventually as you flood the market with more new homes.
Absolutely do not try to fix the problem with government rent controls, subsidies for so called poor people in homes already built... Those ideas actually fuel the problem! More money chasing a limited supply and drying up investment since the profit incentives are lost with stupid rent controls.
Stop letting foreigners buy US real estate.
Increase the number of welding programs at the community colleges. Then build container housing. One container is move-in ready. Expansion can be do-it-yourself after the welding is done. The ‘shells’ are ready to go and foundations are unnecessary as cylindrical cement piers can be planted as needed.
I’d have a small room with a wood burning stove. Save energy costs.
Zer0 out property taxes.....
Build smaller starter homes. Win Win.
That is a worthy goal but younger people can do all that and still be priced out of the housing market.
Do away with zoning laws that mandate minimum house sizes.
Employers can increase remote work opportunities so people can move away from cities and to where the underused housing is.
stop importing millions of people each year when the housing inventory is already low....
My idea would be for investors to own 49% of a house while the owner occupants own 51%. The owner occupants would have a mortgage covering their 51% share of the purchase price. Since they own 51% of the house ,they could remodel or do whatever they wanted with it, because they would be the majority owners.
I’ve heard of similar plans in which you would have to pay rent to the owner who owns the 49% ,and if you had to do that that would defeat the purpose of trying to reduce the mortgage payment. We would need to change the tax laws to implement something like this.
I know we all have heard stories from parents and grandparents how they bought their first house for $20,000, and it was easily affordable with dad’s paycheck , and Mom could be a stay-at-home mom.
Everyone has their opinion about why housing has become so unaffordable! but we cannot deny that for many families, the mother works because her paycheck is needed to pay the mortgage
A large home used to be 1,600 sf. Now it is much larger.
A large home used to be 1,600 sf. Now it is much larger.
Because all the women in the workforce, increases the labor supply and puts downward pressure on wages, to the point where you have to have both spouses working.
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