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.
Zer0 out property taxes.....
Build smaller starter homes. Win Win.
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
so many worldly ideas, some probably good, but nary a thought of God.
Luke 12:30-31 NKJV
“For all these things the nations of the world seek after, and your Father knows that you need these things. But seek the kingdom of God, and all these things shall be added to you.
Wherever codes allow it, older smaller homes are being demolished in favor of “McMansions”. If updated and upgraded instead they’d remain more affordable. And allowing auxiliary apartments in single family residential neighborhoods makes it possible for young adults or their parents to share a home but retain some privacy. Or to take in a tenant to help cover costs.
Close down all the civilian airports within 100 miles of an area with a significant homeless population. The US government owns the airspace and can simply close it down. Corporations paying top salaries shun areas without good airline service.
Prohibit governments from subsidizing professional sports. There is a reason why the Buffalo stadium is getting about $700 million in subsidies and Buffalo is experiencing great housing price inflation. Cities like Apple cell phones and designer clothing can become branded glamour items.
Here in Florida constructions runs about $120/square foot for middle class-sized homes.
Prospective home buyers should deeply research building permit cost information and have a good knowledge of all ‘affordable’ housing pricing in their chosen areas of interest. If a Democrat family is paying $235K for a place why should a Republican family pay $345K for a similar place?
Homebuyers should be able to calculate lumber and masonry amounts well and know the approximate cost of those materials.
When I was going through a home search a couple of years ago I found that it was impossible to find a small detached home in my area that is less than 50+ years old. Condos and townhomes have replaced bungalows, Cape Cod homes, and small ranchers as “starter homes.”
I ended up buying a large home that is at least 50% more than I need but cost less — with lower taxes and minimal HOA fees — than townhomes in the next county just a few miles away.
Easy....build their homes themselves and out of scraps. That way they can afford to pay for; their cell phones, torn jeans, body piercings, tattoos, gteen or blue hair jobs, drugs and alcohol, vegan food, exotic pets and dogs, concerts, raves,contributions to educate and feed other people and their kids, take out food, movies. Uber and tips, sex “changes”, abortions, and treatment for VD.
Deport 20 to 30 million invaders.
Make property taxes less onerous by reducing school budgets and allowing homeschoolers or private schoolers to be free of property taxes.
Any parents raising children in married, two-parent heterosexual households have markedly reduced income taxes.