Zoning is a local issue. That allows the party out of power in the White House to take the blame.
We also need to bring back the concept of ‘Fixer-Uppers’, and have them be in safe neighborhoods.
Stephen Moore was on Glenn Beck yesterday. He’s invested in a company that will build homes with robots, which he expects to dramatically cut the cost of new homes. But when no one has a job, who will be able to buy?
There are a pile of housing regulations—federal, state, local that have a major impact on housing costs.
My electrician briefed me on some of the electrical requirements these days and it was mind-blowing.
While houses today are safer than they used to be we have paid a high price for it—probably overkill in many cases.
That’s one issue
Getting rid of as many illegals and fake “legal” aliens as possible would help too.
Investors would still be buying up single family homes too though
That would drop the cost of everything. ....imho
Perhaps big multinational corporations buying every family home they can get their hands on and turning them into rental properties might be why home prices are up?
President Donald Trump proposed the "Freedom Cities" initiative during his 2024 presidential campaign, first announced in a March 2023 video. The plan envisioned creating up to 10 new master-planned cities—each roughly the size of Washington, D.C.—on a tiny fraction (about 0.06%) of undeveloped federal land, primarily managed by the Bureau of Land Management in the Western U.S. The goal was to spark innovation, boost manufacturing "hives of industry" to reduce reliance on Chinese imports, increase affordable housing, promote homeownership, and incorporate futuristic elements like vertical takeoff and landing (VTOL) vehicles for personal transport. It also included socially conservative incentives, such as "baby bonuses" to encourage population growth, and a push for neo-classical architecture in public spaces.
America is in a printed, fiat money and bloated government debt-spending bubble.
That probably explains 90% of the inflation in this country.
The changes in total U.S. population have been:
2010 - 2020 7.4%
2000 - 2010 9.7%
1990 - 2000 13.2%
1980 - 1990 9.8%
1970 - 1980 11.5%
1960 - 1970 13.3%
1950 - 1960 18.5%
1940 - 1950 14.5%
That shows that the argument that the housing problem is that we are not building new housing at the rate we did in the 1960s and 1970s is false. The U.S. population is not growing at the rates it did in the 1960s and 1970s, and is at present growing at 1/2 the rate it was in 1940.
No, too easy credit, and FED generated money-printing inflation, boosted lending and it boosted housing prices, making houses out of reach for new buyers at rates not seen in decades. With fewer buyers willing to take on inflated housing prices, builders must build less or get stuck with unsold inventory.
What’s actually needed is housing price deflation on existing homes and it will be a painful correction, to individuals and the economy. However, it is more local market dependent than general across the nation. “National” housing statistics are often not representative of thousands of local markets across the country, where their prices and building rates are often a good deal below or a good deal above the reported “national” figures.
If there is more new housing actually needed, it is specific to some local housing markets and not the nation.
Not to mention most new construction is such over-priced, shoddy garbage, I’m beginning to think all the major construction companies are just money-laundering fronts for organized crime.
Gotta stop immigration too.
It’s not just the zoning and construction codes. It’s also the war on landlords and the property taxes.
The average size of a new single-family home built in the U.S. in 1975 was approximately 1,645 square feet. In 2017 it was 2,631.
As more and more illegals leave, this will take pressure off housing and drive prices down.
We have a ton of high-density housing going up around where I live. None of it wanted by anyone I’ve talked to about it.
Does he even mention going off the gold standard, which greased the skids for the price of everything to careen upward?
In California the democrats are in the process of destroying suburbia as Newsom is forcing all cities to allow 7 story apts built in a neighborhood of homes... except for his area in Marin <-—