Posted on 04/19/2023 2:24:19 PM PDT by grundle
“You don’t build in that city/county.”
There’s an entire ecology to being a builder. You have a lot of people you work with and can call. If you suddenly went somewhere else, none of that applies and a number of what I’ll call soft factors will combine to make building extremely difficult or impossible. Also, the way funding is linked it may not be possible to even get approval for a large project. Also, large projects are intimately connected with local politics. You simply can’t go where you want and build what you want without getting in bed with the local politicians. As a reporter I attended large builder events and present were politicians of every stripe. I could tell from conversations I overheard it was very much a I’ll-scratch-your-back-you’ll-scratch-mine type of thing. The simple solutions I’ve seen proposed on FR simply don’t exist in the real world.
Politicians back “affordable” housing because it gets them elected by people who have no idea what “affordable” actually means to them. Not backing “affordable” means not getting elected.
Biden has now created the exact conditions that led to America's economic nightmare of 2008.
This action mandates the replacement of strong, reliable creditors with weak, unreliable creditors.
Due to the dynamic of the real estate market, the Biden-favored NINJA buyers(No Income, No Job or Assets) will soon dominate the real estate market, the fault-prone mortgages will be bundled into Mortgage-backed Securities and the resulting economic crash is inevitable.
The banking and bail-out horrors of 2008 will seem like a walk in the park when compared to the economic bloodbath Biden is setting up here in 2023.
Punishing good and rewarding bad. The new motto of this administration.
And our representatives never got to vote on this. Totally illegal.
Unreal
I am very familiar with the housing industry.
As you say many developers are tied at the hip with local politicians.
In such a situation they have no right to complain about whatever crazy policies are in place.
But—there are always alternatives.
I know many developers who have chosen new areas because of local rules they did not like.
Usually they got local partners in the new area to get the introduction to the local pols.
Sure is.
Bidet. On the wrong side of every issue.
Where does pedoPIG get the authority to enter the private mortgage business and set rates for specfic people?????? Inquiring minds would like to know.
“I know many developers who have chosen new areas because of local rules they did not like.”
Stuff sells really well in some places and not at all in others. Location, location, location. Areas where you can build anything are, in my experience, areas where you can’t sell anything. There’s an area twenty-odd miles from me where the price per square foot is half what it is where I am. I wouldn’t buy in those locations for even half of that price. Could you build whatever you want there? Probably. But why?
Houses first. Then your retirement savings.
That's the sad truth. Some days it really hurts when I realize what we've become.
“Liberals love to force responsible people to bail out irresponsible people,”
If there are more irresponsible voters than responsible voters then this idea has legs.
Polling might have been done before presenting the idea.
Everything Biden does is the exact opposite of what should be done.
Well, it worked so well with health care. /s
Sweet.
Tacks about 15k onto the price of a home.
Move now.
No Big Deal!
Our communist masters know that the pathetically servile and indolent Aamerican people will just continue to roll over and spread their collective cheeks...
Bkmk
Biden & his regime are @ss backwards on absolutely everything.
Congrats on passing that 30 year payment to caretake a property for the state fee!
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